ADA Price Action Shows Potential Pullback, Support Remains Key

Cardano (ADA) is currently trading within a key support zone between $0.322 and $0.437. While the price has declined, it hasn’t yet broken below this crucial range decisively. This zone also includes critical Fibonacci retracement levels at 61.8% and 78.6%, which are viewed as significant for long-term bullish sentiment. The analysis suggests a potential B-wave correction is unfolding, with the price expected to experience a deeper pullback before finding support.