Cardano (ADA) Faces Resistance After Initial Rally
- Cardano’s price initiated a rally, surpassing $0.70 and $0.720 levels.
- The price reached a high of $0.8204 before correcting below the $0.80 level.
- A key bullish trend line supports ADA at approximately $0.750 on the hourly chart.
- Immediate resistance is noted around the $0.780 and $0.800 levels.
- Major support levels are identified at $0.750 and $0.715.
Cardano’s price surged past several resistance levels, peaking at $0.8204, but is now facing challenges to maintain gains above the $0.780 resistance zone.
Source (2.6)https://www.newsbtc.com/analysis/ada/cardano-ada-struggles-0-750/?rand=52377
