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Cardano Struggles at $0.75 Resistance, Support at $0.65 and $0.50

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by Giorgi Kostiuk

5 hours ago

Cardano (ADA) struggles to move past $0.75, with key support levels helping to prevent losses.

Key Resistance and Support Levels

ADA's upward potential is constrained by resistance at $0.75 and $0.85. Consolidation occurs as price fails to reach $0.75. Support at $0.65 and $0.50 keeps ADA from deep declines.

Market Trends and Momentum Indicators

Analyst highlighted ADA's struggle at resistance, influenced by Bitcoin's recent downturn. The Relative Strength Index (RSI) recovered to 45.06, indicating a possible rebound.

Sentiment remains mixed as traders react to macroeconomic factors and technical signals.Analyst

Future Price Movements and Technical Outlook

ADA continues trading within a descending channel. A move above $0.85 may shift momentum in favor of buyers. Market analysts note the $1.15 resistance might be tested if ADA breaks above the channel.

Key resistance and support levels will be critical for Cardano's future price movements as traders remain cautious.

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