Will Cardano Price Recover? Short-Term Support Zone for ADA?

Cardano (ADA) is facing increasing downward pressure, with its price dropping in recent days. The coin now trades below $0.50, a psychologically important level, and shows signs of approaching key support levels. Recent bearish sentiment has contributed to this decline. 24-hour trading data highlights a modest drop of 2.4% for ADA, continuing the trend of multi-week losses. The 7-day performance reveals a more significant decline of 15.6%, indicating a notable weakness in recent days.