Cardano (ADA) Price Analysis: Recovery Possible Above This Res | CCAI

Cardano (ADA) Price Analysis: Recovery Possible Above This Resistance

Cardano price is recovering higher above $0.25 against the US Dollar, similar to Bitcoin. ADA price could gain bullish momentum if it clears the $0.265 resistance.

Cardano Price AnalysisEarlier this month, Cardano price saw a major decline from well above $0.320 against the US Dollar. The ADA/USD pair traded below the $0.30 and $0.288 support levels to move into a bearish zone.

The bears even pushed the price below $0.25. A low is formed near $0.230 and the price is now correcting losses. There was a move above the $0.250 and $0.255 resistance levels. The price climbed above the 23.6% Fib retracement level of the key decline from the $0.3821 swing high to the $0.2300 low.