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Cardano Struggles At Resistance – Expert Sees A Retest of Lower Support Levels

  • Cardano (ADA) is facing resistance around the $0.70 level, with upward momentum fading and selling pressure increasing.
  • Analyst Ali Martinez suggests that Cardano may retest lower support levels after being rejected at a key resistance trendline.
  • Despite recent pullback, Cardano rallied 40% from April lows but now faces renewed selling pressure amidst market uncertainty.
  • ADA's current price level is at $0.6563, indicating growing bearish momentum and the potential for a deeper retracement if $0.63 support is breached.

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