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Cardano (ADA) Price Sinks Below $1; Next Key Levels To Position Your Trades

On February 20th, the Cardano (ADA) price gave a decisive breakout from the yearly support of $1. Until this breakdown, this crucial support didn’t allow a single daily candle closing in the past year. Should we expect another freefall in ADA, or do buyers have something up their sleeves?
Key technical points: 

The daily-RSI slope approaches the oversold territory.
 Higher price rejection in retest candle highlights bears power.
The intraday trading volume in the ADA coin is $1.2 Billion, indicating a 10% hike

Source- Tradingview
The Cardano (ADA) price has traded above $1 over the past year. This crucial support was resilient even during the crypto bloodbath of June-July 2021 followed by the August rally.
Back to the present, the ADA buyers failed to overcome the $1.2 resistance during the recent recovery rally, resulting in an immediate bearish reversal. The sustained selling pulled the coin price below the $1 support, indicating a 27% loss in the last two weeks.
Following a b

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