Cardano (ADA) is currently facing selling pressure, but the broader outlook suggests a potential bottoming in Wave 2. A bullish scenario remains intact as long as the $0.60 level holds, making it a critical support to watch. Key resistance stands at $1.42, while support levels are observed at $0.94, $0.85, and $0.77. However, a break below $0.60 could significantly impact the larger time frame, shifting the sentiment. The short-term microstructure remains unclear due to the complexity of the ABC wave pattern, leaving room for multiple interpretations. Traders should monitor these levels closely for both short- and long-term positioning.

$ADA