Cardano (ADA) Price Analysis: Bulls Eyeing Crucial Upside Break

Besides, the price climbed above the 50% Fibonacci retracement level of the downward move from the $0.0315 high to $0.0279 low. Conversely, the price could fail to continue above the $0.0315 and $0.0320 resistance levels.

If there is a bearish break below the $0.0295 and $0.0288 support levels, the price is likely to continue lower towards the $0.0275 level in the near term. The chart indicates that ADA price is slowly gaining momentum above the $0.0300 level, but it must surpass the $0.0320 resistance for a sustained upward move.

Timeline of Cardano