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<p>According to <a href="https://twitter.com/TheCryptoSimon/status/1750913083168723253?t=glf8d5kGKUeygL0prtTLVQ&amp;s=19" target="_blank" rel="nofollow">crypto analyst Crypto Simon</a>, Cardano (ADA) is gearing up for an important price movement as it challenges the $0.4667 support level. Reflecting on Cardano’s recent price journey, Simon noticed ADA bounce off resistance at $0.6864 to form an equal high before descending down.</p> 
<p>Now trading around $0.4667 demand, Cardano is showing signs of attempting to break this level for more upside. If price holds support here, Crypto Simon sees <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="ADA" data-wpil-keyword-link="linked" target="_blank">ADA</a> ascending to challenge overhead supply levels.</p> 
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<p>However, if the $0.4667 support fails to hold, Simon has also mapped out bearish possibilities. The first is a bullish rebound from a lower “Order Block” around $0.4293. However, a drop below this secondary support could signal further bearish continuation for Cardano.</p>  
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<p>Traders will be closely monitoring if Cardano can maintain the $0.4667 level over the coming days and weeks. A successful defense may allow bulls to regain control, while a breakdown could open the doors to more downside for the Layer 1 blockchain asset. Crypto Simon and other analysts outline the bullish and bearish possibilities around this pivotal price level.</p> 
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<p>The post <a href="https://captainaltcoin.com/cardano-faces-pivotal-moment-at-0-4667-support-as-ada-analyst-maps-out-bullish-and-bearish-possibilities/">Cardano Faces Pivotal Moment at $0.4667 Support as ADA Analyst Maps Out Bullish and Bearish Possibilities</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Cardano Faces Pivotal Moment at $0.4667 Support as ADA Analyst Maps Out Bullish and Bearish Possibilities

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