Cardano’s price experienced a slight decline of 2% in the past 24 hours, according to CoinStats data. Analysts note that ADA has once again rebounded from support levels near $0.7460 on an hourly chart. If bulls fail to regain control, further declines could lead to a break below this level and a potential drop toward the $0.74 mark. Meanwhile, on a larger time frame, Cardano’s price remains relatively distant from key support levels. Currently, traders should focus on the interim support of $0.74. If it breaks out, a further test of the $0.7171 level by the end of this week might occur. Looking ahead to mid-term projections, bears are currently dominating market trends. A sustained break below the $0.7171 mark could initiate a decline towards $0.65. At press time, ADA is trading at $0.7429.