#ReboundRally #ada
Cardano (ADA) is experiencing a volatile performance as it is currently trading in the $0.90 to $0.95 range, and technical analysis shows that there is a state of indecision between buyers and sellers, as the Relative Strength Index (RSI) indicates a neutral position, meaning there is no clear trend. The main support is at $0.90, a level that must be maintained to avoid a further decline, while resistance is at $1.00, and if exceeded, we may see a rally to higher levels.
On the fundamental front, Cardano continues to develop its infrastructure, including improving smart contract capabilities and expanding its ecosystem. These developments boost investor confidence in the long term. However, the market is still affected by external factors, such as macro market volatility and crypto news, so caution and personal analysis are advised before making any investment decisions.