The Cardano price today is hovering near $0.748, dipping mildly after facing resistance above $0.76. Despite a recent rebound from sub-$0.72 levels, momentum appears to be weakening as bulls lose control near short-term trendline resistance. The broader structure continues to favor a sideways grind with intermittent sell pressure from overhead resistance zones.
Cardano’s recent rally appears to be stalling near key rejection zones, raising concerns about a short-term pullback. With multiple indicators flashing warning signs, traders are now watching key supports to gauge the next price swing.
What’s Happening With Cardano’s Price?
The current Cardano price action reflects a loss of bullish steam after an early push toward $0.765 was swiftly countered by selling pressure. On the 30-minute and 4-hour charts, ADA is trading just above a key horizontal support near $0.735, a level that previously acted as a springboard for bullish continuation.
However, the red supply zone between $0.758 and $0.765 remains firm. This rejection has been reinforced by a rising wedge breakdown visible on lower timeframes, suggesting…
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