Cardano's ADA could slide down to $0.30

ADAUSDT

Cardano's recent trading activity has been uncertain as it has been fluctuating between moving averages. The 20-day EMA is starting to turn down, indicating that bears are gaining control.

If the 50-day SMA support breaks, the ADA/USDT pair could fall to $0.33 and $0.30. However, if the price rebounds from the 50-day SMA and rises above the 20-day EMA, the bulls may gain control and push the pair to retest the resistance near $0.46.

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