Cardano (ADA) declines on January 31 as traders eye $0.30 and $0.20 support zones

On January 31, Cardano (ADA) traded around $0.3099 after falling 4.76% in the last 24 hours, with the price moving toward local support levels. Short- and midterm charts indicate that a break below $0.3070 and $0.30 could open the way to deeper pullbacks toward $0.2756 and possibly the $0.20 range.