Cardano (ADA) Price Prediction for May 30: Examining Key Support and Resistance Levels

The Cardano (ADA) price experienced a downturn, dropping 7% according to CoinMarketCap today. The hourly chart shows ADA hovering near support levels with the potential for a decline towards $0.68 by tomorrow if bearish pressure persists. Looking at larger timeframes, however, ADA hasn’t reached key price levels, and its current focus is on the interim zone of around $0.70. A breakout from this zone could trigger further declines to $0.65. No reversal signals exist for now. If weekly bar closes around current prices or falls below, there might be a test of the $0.55-$0.65 range in the near future.