$ADA

Cardano (ADA) price suffers as indicators show neutral sentimentCardano (ADA) price is down 20% this month, with the ADX at 11.49 indicating a quiet market movement and limited directional momentum.

Large ADA holders remain inactive, with whale addresses stabilizing, indicating cautious behavior from major investors.

ADA is ranging between $0.78 support and $0.87 resistance, with potential moves towards $0.519 or $1.04 depending on the direction of the breakout.

If ADA price succeeds in testing and surpassing the $0.87 resistance, it could signal a shift towards bullish momentum. In this case, the price could rally to test the next resistance at $1.04, offering a 23.8% upside opportunity.