Cardano (ADA) Eyes Gains Above $0.720 Resistance
- Cardano price started a fresh increase from the $0.620 zone.
- ADA is consolidating near $0.70, trading above $0.680 and the 100-hourly simple moving average.
- A bearish trend line forms resistance at $0.7180 on the hourly chart of ADA/USD.
- Resistance levels are identified at $0.7150, $0.7250, and potentially $0.750.
- Major support levels are noted at $0.700 and $0.680.
The Cardano price has initiated a recovery wave from the $0.650 zone, currently trading above key support levels and facing resistance near the $0.718 mark.
Source (2.6)https://www.newsbtc.com/analysis/ada/cardano-ada-bulls-push-0-80/?rand=52377
