Cardano’s Price Heads Towards Key Support Zone, Could a Dip Lead to a Recovery?

Recent price declines in Cardano (ADA) have brought the cryptocurrency closer to a significant support level, potentially leading to a turning point in its price action. Analyst Ali highlights that ADA is currently trading around $0.63 and nearing what he calls a ‘rock-bottom’ support zone of around $0.54. This area has historically served as a strong rebound area for long-term buyers in the past.