Cardano Price Drop: Bulls Losing Grip

Cardano (ADA) Faces Resistance Amid Decline

• Cardano’s price fell below the $1.050 zone, starting a decline from the $1.150 level.
• The price is trading under $1.0550 and the 100-hourly simple moving average.
• A bearish trend line forms resistance at $1.040 on the ADA/USD hourly chart.
• The price hit a low of $0.9615 before attempting recovery above $0.990.
• Immediate support levels are at $0.980 and $0.9650, with resistance near $1.0250 and $1.0500.

Cardano’s price decline continues as it struggles to break through key resistance levels, trading below both the $1.050 mark and its 100-hourly moving average.