Cardano Re-Enters Long-Term Trading Range, Signaling Potential Lower Support

Cardano (ADA) has re-entered a significant trading range that’s defined its price action for over three years. This recent move suggests acceptance back into this established structure, although indicators point toward a potential decline towards lower support levels. 2024 saw ADA break out of the long-term range but lacked volume confirmation, leading to a sharp drop and weakening momentum. This has since pushed prices back below the breakout high, signifying a return to its historical value zone.