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Cardano (ADA) Capped Below Resistance — Will Buyers Regain Control?

  • Cardano (ADA) price started a fresh decline below the $0.80 zone and is now consolidating.
  • ADA is trading above $0.750 and the 100-hourly moving average, with a potential recovery above $0.780.
  • There was a break above a bearish trend line with resistance at $0.750 on the hourly chart of the ADA/USD pair.
  • If ADA clears the $0.7840 resistance zone, it could start another increase targeting $0.80 and higher levels.

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