Cardano (ADA) is currently trading within the $0.16 zone.
The price is experiencing a temporary rebound from heavy selling.
Cardano (ADA) is currently trading within the $0.1629 range, up by over 4.87%. Its daily trading volume has climbed 21% to $371.43 million. Significantly, two levels broke in quick succession. The three-day base at $0.1641 went first. Then $0.1571 cracked on the biggest candle of the week, flushing price all the way down to $0.1534.
Since then, the asset has moved back to the $0.1570 zone and is now pressing toward $0.16. Also, the recovery from the overnight is noticeable, but the structure needs confirmation. As of now, the resistance from local lows acts like the first obstacle.
Break that trendline and the next test is the descending resistance near $0.17. Micro resistance is concentrated between $0.164 and $0.175, a level that will determine whether the ADA recovery has legs.
On the support side, the immediate test of Cardano would be at
We współpracy z: https://thenewscrypto.com/cardano-ada-tests-a-critical-zone-after-a-4-jump-can-bulls-drive-the-price-toward-0-20/
