Cardano’s price showed a strong rebound today, rising from $0.813 to $0.888. After encountering resistance at $0.941 last week, ADA faced a pullback but found support at $0.813, showing resilience and a readiness to push higher again.
Cardano had previously broken above an ascending price channel in early February, which led to rapid price movement. ADA’s next challenge is to break through the $0.9 level and retest previous highs.
The next immediate resistance lies at $0.941 (1.618 Fib Extension). A breakout above this level could target $0.989 and $1.00, followed by further resistance at $1.10 and $1.28. On the downside, support levels are present at $0.813, $0.711, and $0.629.
Against Bitcoin, ADA has experienced a pullback after reaching highs near 2095 SAT last week. However, it found significant support at 1660 SAT and managed to recover after briefly dipping as low as 1500 SAT.
Cardano is currently attempting to regain ground, trading at 1813 SAT as it aims to reach higher resistance levels.
Resistance levels are present at 1928 SAT, 2000 SAT, and 2095 SAT, with further targets at 2237 SAT and 2333 SAT. On the downside, ADA finds support at 1660 SAT, with additional levels at 1600 SAT and 1500 SAT. The RSI shows a favorable reading, indicating that the buying pressure could remain intact for a potential rebound.
