The altcoin Cardano (ADA) has faced a downward trend recently, dropping from the resistance area of $0.670. Similar to other major cryptocurrencies like Bitcoin and Ethereum, ADA slipped below key levels of $0.650 and $0.620, signaling a downtrend. Traders are now focusing on crucial support and resistance levels for ADA.

ADA's price plummeted below $0.580, tested $0.560, and saw a minor recovery. Currently, the price is hovering around $0.5592, reflecting a recent low. Technical analysis shows ADA trading below the $0.620 level and encountering a significant downtrend line near the $0.6008 resistance.

A strong resistance near $0.6010 is in place. However, breaking above $0.6280 could initiate a robust rally towards $0.6550, with further gains requiring surpassing the $0.670 resistance level.

In case of further downward momentum, critical support at $0.560 will be crucial for a potential upward move. Failure to breach the $0.6150 level could indicate a continuation of the downtrend. Immediate support lies at $0.560, followed by $0.520, and a potential drop to $0.50. The strongest support is expected at $0.4880.

Technical indicators are not favorable, with the 4-hour MACD signaling bearish momentum for ADA/USD, and the RSI below the 50 level, considered a negative indicator.