Cardano’s ADA price remains relatively stable around the $0.535 level, with analysts eyeing a possible rebound as traders await a break from recent price dips. Despite a slight 0.8% decline in the last 24 hours, ADA has shown resilience around the $0.532 support, with resistance hovering near $0.547. 24-hour data reveals a persistent negative netflow for ADA, indicating ongoing distribution rather than accumulation by investors. This could signify lack of confidence regarding a lasting reversal in price. However, analysts are optimistic about a potential breakout from the downtrend line marked since mid-2023, suggesting upward movement is possible when ADA breaks above its current resistance levels. A successful hold at this demand zone could trigger an upward trend and potentially lead to price targets of $1.35 within months. While some investors remain cautious due to persistent market distribution patterns, ADA’s current position near key support levels offers hope for a reversal and growth if it breaches resistance. This article is intended solely for informational purposes and doesn’t constitute financial advice. Readers are advised to conduct their own research before making investment decisions.