Cardano (ADA) is currently trading around $0.88, down slightly by 0.3% compared to the previous trading day. Despite the recent pullback, the price remains above the 50-day moving average of $0.79, indicating that the short-term trend is still relatively stable.

Market analysis shows that ADA is fluctuating within a narrow range of $0.85 to $0.93. $0.93 has become a key resistance level, with sellers demonstrating strong defense at this point. Meanwhile, buyers are struggling to maintain the important support level of $0.85.

In terms of technical indicators, the Relative Strength Index (RSI) is currently at 46, reflecting that market momentum is in a neutral state. This further confirms the view that ADA may continue to consolidate within the current range.

The analysis of the intelligent capital concept on the daily chart shows that a change of character (CHoCH) signal appeared after the break of structure (BOS) signal. This technical pattern suggests that bearish forces are still active within the range of $0.93 to $1.00. The weaker high formed near $0.99 further confirms that there is ample supply in that area.

In the shorter term, the 4-hour chart shows that ADA is moving within a gradually converging triangle. The current price is slightly above the channel support level, while the 0.5 Fibonacci pullback level at $0.84 provides additional support for the bulls.

Overall, Cardano is at a critical price level, with a relatively balanced strength comparison between bulls and bears. Investors should closely monitor the performance of the $0.85 support level and the $0.93 resistance level, as these may determine the direction of ADA's next movement. At the same time, also pay attention to the broader range of the $0.79 and $1.00 key levels, which could become important turning points in the future.