Cardano's ADA is trading at approximately $0.351, experiencing a 7.2% decline over the past 24 hours. The cryptocurrency is under pressure as traders focus on the critical $0.34 support level to prevent further losses. Resistance levels are identified between $0.37 and $0.383, where ADA has struggled to break through. The Supertrend indicator, positioned near $0.415, suggests a continuation of the broader downtrend. Despite the current bearish sentiment, some analysts believe ADA is in a late-stage accumulation phase, with potential for a breakout towards $1.30–$1.95 if the price shows strength.