Cardano price prediction: $0.50 is near, but bears can pull ADA down to…

The AMBCrypto Cardano price prediction had a bearish tinge, and technical indicators showed that sellers were dominant now.

sectors decline in value last month. User activity was also in a downtrend alongside the price of ADA. The token formed a range between the $0.45 and$0.685 levels.

On the one-day chart, the range formation of the past five months was evident. The chances of ADA trending higher in Q2 2024 were shot down when the price fell below the critical $0.568 support level. Taking these factors together, the Cardano price prediction is more downside, with $0.4 likely to be a key demand zone.The liquidation heatmap showed that the $0.483 and $0.527 were the next areas of interest. Now that the liquidity at $0.45 was taken, a move toward the $0.5-$0.52 region appeared likely.

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