Cardano Recovery Faces Resistance at $0.6850
- Cardano’s ADA price began a recovery from the $0.6420 zone.
- The price is currently trading below $0.680 and the 100-hourly simple moving average.
- A break occurred above a bearish trend line with resistance at $0.650 on the hourly chart.
- Resistance is noted near the $0.6850 level, with further resistance at $0.7090.
- Immediate support levels are identified at $0.6630 and $0.6500.
The Cardano price has started to recover from a low of $0.6426 but faces significant resistance near the $0.6850 mark, trading below key moving averages and support levels.
Source (2.6)https://www.newsbtc.com/analysis/ada/cardano-bounce-losing-strength-ada-0-6850/?rand=52377
