Following the big drop to $1.8, Cardano swung back into action. In mid-May, ADA traded at all-time highs of around $2.5. Cardano is currently wobbling between two important levels: the confluence support at $ 1.6 and the resistance at $1,8. IOG revealed the last procedures necessary to enable smart contract support on the Cardano platform. In the four-hour timeframe, the technical picture points to the trend turning negative in the near term.