Cardano faced strong selling pressure after a rejection at the resistance level of $1.3, leading to a sharp decline. 📉 However, the price reached a critical support level at $0.8, which could indicate the beginning of a bullish consolidation phase in the medium term. 🐂

Technical analysis shows that the range of $0.8-$1.3 is an important consolidation zone where buyers are likely to defend the $0.8 level.