Cardano (ADA) Struggles Below Key Resistance Levels
- Cardano price declined from the $0.9250 zone, trading below $0.850.
- A bearish trend line is forming with resistance at $0.8050 on the hourly chart.
- The price is below the 100-hourly simple moving average and $0.80 resistance.
- Immediate support levels are at $0.7650 and $0.7230.
- Major resistance levels are identified at $0.8000 and $0.8200.
The Cardano price has declined below key support levels, facing resistance near the $0.80 zone while trading under its 100-hourly simple moving average.
Source (2.6)https://www.newsbtc.com/analysis/ada/cardano-ada-at-a-crossroads-0-80/?rand=52377
