<ul><li>Cardano rose 15% but failed to break through $0.84 resistance level, leading to a possible deeper correction.</li><li>A bearish engulfing candle on the 4-hour chart suggests bullish exhaustion and hints at a likely pullback.</li><li>Short-term support levels for Cardano are seen near $0.7745 and $0.7225 amid increased selling pressure.</li><li>Recent data shows $943K worth of bullish positions wiped out, a decline in funding rate, and steady open interest despite market volatility.</li></ul>

Cardano Rejected at $0.84: Will the Dip Deepen to $0.72?

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