The Cardano (ADA) price has shown some positive movements recently, with a 5% increase in the past day and a 4.34% increase over the past week. However, there are bearish signals, including a potential Death Cross in the 1D time frame and a correction of 46.19% from its recent high. The MACD indicator suggests bullish influence, but the price is currently trading in a narrow range between $0.4170 and $0.4950. If bulls regain momentum, ADA might test its resistance at $0.4950 and possibly reach $0.5690. Conversely, if bears dominate, the price could drop to its crucial support level at $0.4170 this month.
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