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Currently, Cardano shows an interesting technical picture. The 1-2 setup remains valid as long as the price does not fall below the $0.328 mark – that would invalidate it. A breakout above $0.404 will be crucial, as it would signal that a bottom has indeed been formed. At the moment, ADA is working its way up from the 78.6% retracement level. For traders, this means: the next movements should be observed here.