Cardano Price Looks for Breakout Above $0.51

Cardano (ADA) has seen a decline in its price over the past week, currently trading at $0.8375 after dropping 3.18% in the last 24 hours and 9.66% over the past seven days. Analysts are paying close attention to technical indicators for clues about ADA’s future price movements, particularly focusing on Elliott Wave Theory and Fibonacci retracement levels. 4-hour chart analysis from More Crypto Online on X suggests potential breakout targets near $1. 00.