🚀 Cardano price analysis

🔼 Cardano's Attempt to Rise: Cardano is trying to move up but may face strong selling at the 20-day EMA ($0.37) and the 50-day SMA ($0.39).

📉 Downside Risk: If bears defend the moving averages successfully, ADA could drop to minor support at $0.30, and if that breaks, it might fall to $0.24.

📈 Upside Potential: If buyers push the price above the moving averages, ADA could reach the downtrend line. Clearing this level could signal a potential short-term trend change.