Cardano’s (ADA) price saw a decline today, dropping by around 5.54% according to CoinMarketCap. The hourly chart indicates a false breakout of the local support at $0.8893, suggesting less volatility in the coming hours. However, if today’s closing candle reflects current prices, a further correction to the $0.86-$0.88 range might occur. 🕵️♂️ On the longer timeframe, ADA is facing resistance at the $0.9011 level. If this support breaks, further decline towards $0.86 may follow. Conversely, if ADA fails to break through $0.9011, we could see a continued downward trend towards $0.86. 📉 From a mid-term perspective, ADA’s price remains relatively stagnant with no clear direction. We need to observe the crucial level of $1 and the subsequent movement before assessing future trends. If the weekly bar closes above this mark, a possible rally to the $1.20 range might emerge. Current market price for ADA stands at $0.9008.