Cardano Price Recovers Above One Dollar Amid Risks of Further Decline

Cardano (ADA) has rebounded above $1 after bouncing off a key support zone between $0.92-$0.95, reflecting a broader 4.3% rise in the crypto market. However, technical analysis indicates a risk of a price drop to $0.85 if it fails to maintain support and break through resistance at $1.10-$1.15. Currently trading at $1.02, ADA’s future trajectory hinges on sustaining upward momentum and avoiding a breakdown below critical levels.

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