Cardano ( $ADA ) price attempts rebound after hitting local support level.
ADA price steadies at $0.7264 after testing a low of $0.7193, with growing buyer interest potentially fueling a short-term rebound.
💥ADA Holds Above Key Intraday Support
Cardano (ADA) is currently trading at $0.7264, showing a mild gain of +0.18% on the 15-minute chart. After a sharp decline earlier in the session, the price found support at $0.7193 and has since stabilized. According to the trader's post on Twitter, this zone is seen as a potential rebound area, with price action signaling a pause in bearish momentum.
💥Buyer Strength at 51% Could Spark ADA Recovery
The post highlights that buyer strength now stands at approximately 51%, indicating a possible shift in market sentiment. While ADA hasn't yet reclaimed higher resistance levels like $0.7350, the ongoing accumulation near the bottom range suggests bulls may be preparing for a bounce.
However, without a clean breakout above short-term resistance levels, the current move remains tentative.
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