The Cardano price today is trading at around $0.79, showing some consolidation following a slight pullback after its recent spike. With Cardano price volatility in full swing, bulls and bears are battling for control, and a decision point is approaching for ADA as we move into May 14.
Cardano (ADA) Price Action Analysis: Key Levels to Watch
Looking at the Cardano price action on the daily chart, ADA has found itself testing key support levels. The $0.80 level remains a crucial resistance point, while $0.74 and $0.70 represent key support zones. Over the last week, ADA has been unable to sustain momentum above $0.80, showing some resistance around that level.
The price recently made a push towards $0.82, but failed to break through and retraced back to the $0.79 area, creating a consolidation pattern. This suggests that ADA is currently facing some indecision, and a breakout or breakdown from the range will determine the next price move. The Cardano price update reveals that if ADA breaks above $0.82, the next major resistance level will be at $0.85. On the downside, fail…
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