Cardano price prediction

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Cardano
ADA $0.42
is attempting to take support at $0.38, but the weak bounce suggests the bears are in no mood to let go.
ADA/USDT daily chart.

If the price turns down from the current level and breaks below $0.38, the ADA/USDT pair could resume its downtrend. The Cardano price could descend to the Oct. 10 low of $0.27.

The $0.50 resistance is the crucial level to watch out for on the upside. If the price turns down from $0.50, it suggests that the bears remain in control. That puts the $0.38 level at risk of breaking down.

Conversely, a close above $0.50 indicates that the bears are losing their grip. The pair could then rally toward the 50-day SMA ($0.60).

[Nahid Hossen]

ADA needs stronger catalysts—price looks slow but stable.

[Abdul Khan]

Long-term fundamentals good, short-term movement weak.