Cardano Price Consolidates After Recent Increase
- Cardano price increased above $0.7250 and $0.7320.
- The price is trading above $0.740 and the 100-hourly simple moving average.
- A bearish trend line with resistance at $0.7580 is forming on the ADA/USD hourly chart.
- The first resistance level is near $0.760, followed by a key resistance at $0.7720.
- Immediate support levels are at $0.7420 and $0.7260.
Cardano’s price has risen above key levels but faces resistance at $0.760, with support found near $0.7420 and $0.7260, indicating potential for further movement in either direction.
Source (2.6)https://www.newsbtc.com/analysis/ada/cardano-ada-in-focus-0-80/?rand=52377
