Cardano (ADA) is currently trading within a significant price range, which could have a substantial impact on its short-term price movement. ADA's price has been experiencing a decline, mirroring a broader market sell-off, with Bitcoin also reaching a one-month low. Despite this, data from IntoTheBlock suggests that a substantial amount of ADA has been acquired within the current price range, indicating a key support zone for the ADA price.

This accumulation of ADA within the current range highlights a critical support level, suggesting that if the price falls further, the next expected support zone will be between $0.373 and $0.38. This range could act as a safety net for the cryptocurrency, potentially limiting further declines. On the other hand, if ADA's price rebounds from its current levels, it may encounter significant resistance between $0.394 and $0.437.

The large volume of ADA purchased at these price levels indicates significant support, but it also suggests potential resistance that could slow down bullish momentum. Traders should monitor these critical price points for indications of ADA's next big move, as well as broader market trends and investor sentiment. As the market continues to fluctuate, it is essential to keep a close eye on these key levels to understand the potential direction of Cardano's price.

The current trading range is critical for Cardano's price movement, and any significant changes could impact the broader market. As the cryptocurrency market continues to experience a lack of new market catalysts, it is crucial to monitor the price movement of ADA and other cryptocurrencies. The next big move for ADA could be influenced by various factors, including market trends, investor sentiment, and broader economic conditions.

In conclusion, Cardano's price has hit a critical juncture, and the next big move could be influenced by various factors. The current trading range is essential, and any significant changes could impact the broader market. Traders and investors should monitor these critical price points and broader market trends to understand the potential direction of Cardano's price and make informed decisions.