Cardano ADA Struggles Renewed Selling Pressure

Cardano (ADA) Faces Renewed Selling Pressure

• Cardano’s price declined from the $0.820 zone, falling below $0.80 and $0.7650.
• ADA is trading below $0.7750 and the 100-hourly simple moving average.
• A bearish trend line with resistance at $0.7620 is forming on the hourly chart.
• The price formed a low at $0.7362, consolidating losses below the 23.6% Fib retracement level.
• Major support levels are at $0.7350 and $0.7150, with resistance levels at $0.7620 and $0.7680.

Cardano’s price is consolidating losses after declining from a high of $0.8191 to a low of $0.7362, facing significant resistance near the $0.7620 level.