Cardano (ADA) Price Analysis: Trading Near Make-or-Break Levels

On the upside, cardano price is facing a major resistance near the $0.0950 level. The trend line is close to the 50% Fibonacci retracement level of the downward move from the $0.1039 high to $0.0856 low.

The next major resistance is near the $0.1050 level or the 55 simple moving average (4-hours). The chart indicates that ADA price is clearly currently consolidating above the key $0.0850 support, but it is below the 55 simple moving average (4-hours).

Timeline of Cardano