Cardano Struggles At Resistance – Expert Sees A Retest of Lower Support Levels
Summary
Cardano (ADA) is experiencing sideways trading around $0.70, facing increasing selling pressure after a recent rally. Technical analysis indicates a rejection at the upper boundary of a descending channel, suggesting potential for further declines if market sentiment weakens. If bulls cannot reclaim higher levels, ADA may retest support zones at $0.63 and $0.54, which align with previous demand areas. Despite short-term weakness, the longer-term outlook remains positive if ADA can break resistance near $0.75–$0.80. Broader market volatility, influenced by global trade disputes and US monetary policy uncertainty, continues to affect the crypto sector. The upcoming days are critical for determining Cardano's price direction.
