Cardano Struggles to Climb—ADA Faces Strong Hurdles Ahead

Mar 12, 2025 08:00 am Cryptocurrency 32

Cardano price started a fresh decline below the $0.75 zone. ADA is correcting some losses and might face resistance near the $0.750 level.

ADA price started a recovery wave from the $0.650 zone.

The price is trading below $0.750 and the 100-hourly simple moving average.

There is a short-term bearish trend line forming with resistance at $0.720 on the hourly chart of the ADA/USD pair (data source from Kraken).

The pair could start another increase if it clears the $0.750 resistance zone.

Cardano Price Climbs Higher

In the past few days, Cardano saw a bearish wave below the $0.80 level, like Bitcoin and Ethereum. ADA declined below the $0.750 and $0.70 support levels.

Finally, it tested the $0.650 zone. A low was formed at $0.6495 and the price recently started a recovery wave. The price climbed above the $0.680 and $0.70 level. The ..

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