Cardano (ADA) is facing strong selling pressure after failing to break through the resistance level of $1.3, leading to a significant decline. However, the price has now reached the important support level of $0.8, opening up opportunities for a bullish accumulation phase in the medium term. 📈

The daily chart shows a rejection at $1.3 due to increased selling pressure, but the support level of $0.8 has triggered a recovery. The price range from $0.8 to $1.3 is an important accumulation area, with the possibility that buyers will defend the $0.8 level.

The 4-hour chart shows that this adjustment aligns with a healthy uptrend, allowing the market to stabilize. The strong support area from the Fibonacci level of 0.5 ($0.8) to 0.618 ($0.7) is expected to prevent further declines. A recovery and bullish accumulation towards the $1.3 mark may occur in the medium term. 🚀