🟦Cardano continues its decline, dropping to $0.79 after failing to hold $0.91 and breaking below the uptrend that had supported growth through June and July. Market momentum has weakened, as reflected in technical indicators: the RSI has fallen to 35.8, and the MACD remains in the “red zone.” Additional downward pressure came from the largest net spot outflow since June — over $20 million in one day — signaling a drop in buyer interest.
🟦The key demand zone lies between $0.75 and $0.73. A break below this range could accelerate a fall toward $0.71, where the long-term moving average sits. ADA can only resume growth if it confidently reclaims $0.824 and trading volume increases — for now, sellers remain in control of the market.