Cardano risks further losses

Support lies near $0.82–$0.83, while key resistance is between $0.88–$0.90.
Cardano edges lower by 1% at press time on Monday, extending the losses for the fourth consecutive day. The downtrend in ADA steeply falls below the 50-day Exponential Moving Average (EMA) at $0.8126, targeting the 200-day EMA at $0.7426.

The momentum indicators on the daily chart indicate a bearish tilt as overhead pressure intensifies. A declining trend in the Relative Strength Index (RSI) crosses below the halfway line, reaching 44, indicating a steady decline in buying pressure.

The Moving Average Convergence Divergence (MACD) and its signal line inch closer towards the zero line, indicating a rise in selling pressure.
Looking up, to reinforce a recovery run, Cardano should reclaim the 50-day EMA at $0.8126.
ADA is currently consolidating within a well-defined technical range. A breakout above $0.88 could trigger a strong bullish wave—especially if ETF approvals and protocol upgrades materialize as hoped. However, traders should be wary of the potential for volatility and await confirming volume and momentum shifts before ramping up positions.
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