Cardano (ADA) Price Analysis: Bulls Aim Crucial Break above $0.18

The price is now facing a strong resistance near the $0.1750, $0.1780 and $0.1800 levels. The next major support sits near the $0.1550 level or the 55 simple moving average (4-hours).

Any further losses might lead the price towards the $0.1500 level or the 50% Fib retracement level of the recent wave from the $0.1228 low to $0.1738 high. Overall, the price is likely to rise sharply if it clears the $0.1780 and $0.1800 resistance levels.

Timeline of Cardano