The Cardano pullback is finding support near the 50% Fib retracement level at $0.92.
Daily ADA/USDT chart | Source: TradingView
The RSI indicator is still in the overbought territory, indicating that the ADA/USDT pair may enter an accumulation phase in the coming days. The trading range could be between $0.92 and $1.15. If buyers push the price above $1.15, the pair may start the next bullish phase up to $1.25 and then to $1.64.
Conversely, if the price breaks and closes below $0.92, the short-term advantage will tilt towards the bears. The pair may slide down to the 61.8% Fib retracement level at $0.86 and then to $0.80.