The recent 18% drop in Cardano (ADA) presents potential risks, but it remains in the top 10 cryptocurrencies by market cap. Bearish signals, including a death cross on EMA lines, suggest the need for investors to stay vigilant.

ADA’s crucial support at 0.78 USD and resistance at 0.99 USD are critical for price action. Sustaining this support could avert deeper corrections, while a bullish reversal may lead to targets above 1.18 USD.