Cardano’s resistance at key level: ADA to $1… finally?

Cardano has a bearish market structure on the one-day chart and AMBCrypto anticipated further losses for the token as demand was muted.

ranged between the $0.68 and $0.447 levels. It has traded within this range since January. A breakout was successful in the first week of March, but the sellers quickly forced prices within the range.

The market structure on the daily chart was bearish. Additionally, the fair value gap at $0.52 was tested and rejected the bulls’ attempts at recovery.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cardano [ADA] repeats 2020 rally: Should you prepare for $1?Cardano [ADA] witnessed a major setback last month as its value plummeted sharply, but the trend might change soon
Read more »

Why Cardano (ADA) Will Outpace XRP in Race to $1 as InQubeta Launches on UniswapAmidst the broader crypto market correction, a new AI-focused project, InQubeta (QUBE), has recently made its debut. The project...
Read more »

$1 lottery ticket turns into $1 M win for Barrie, Ont. manA Barrie man who thought he won $1,000 was happily surprised to find a few extra zeros at the end of his winning ticket when he found out he won $1 million.
Read more »

Here’s what Cardano needs for a move above $1As the market turned bullish, Cardano [ADA] also managed to lift its price by more than 3% in the last few hours.
Read more »

60% Cardano [ADA], 83% ARB holders lose money – Breaking down whyCardano [ADA] and Arbitrum [ARB] are the two leading Layer 1 (L1) and Layer 2 (L2) assets with the highest count of holders in losses...
Read more »

Cardano whales hoard $13B ADA daily amid 30% dip – A bull rally ahead?Cardano [ADA] whales have continued accumulating the altcoin despite the 30% decline in value in the last month.
Read more »