Cardano ADA Struggles Can It Rebound

Cardano Price Decline and Potential Recovery

• Cardano (ADA) price started a decline below the $0.720 zone.
• A recovery wave began from the $0.650 zone, with a low at $0.6495.
• The price is trading below $0.720 and the 100-hourly simple moving average.
• A bearish trend line forms resistance at $0.7050 on the ADA/USD hourly chart.
• Major resistance levels are near $0.7520 and $0.7750.
• Major support levels are near $0.6880 and $0.650.

The Cardano price recently declined below key support levels, reaching a low of $0.6495 before starting a recovery wave, but it remains under resistance at $0.7050 and faces challenges at higher resistance levels like $0.7520 and $0.7750.