Cardano (ADA) Eyes Resistance Break—Failure Could Spark Fresh Losses

Cardano (ADA) Eyes Resistance Break—Failure Could Spark Fresh Losses

Cardano price started a recovery wave above the $0.5680 zone. ADA is consolidating near $0.60 and remains at risk of more losses. ADA price started a recovery wave from the $0.510 zone. The price is trading below $0.620 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.60 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.60 resistance zone. Cardano Price Faces Resistance In the past few days, Cardano saw a fresh decline below the $0.60 level, like....


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