Crypto
Cardano ADA Stuck at $0.20 Resistance Looms Amid Sell-Off
Cardano (ADA) is stuck at $0.20, unable to break through resistance at its upper Bollinger Band at $0.21.
The momentum has flatlined and taker sell flows are dominating the market, leading analysts to predict a rejection back toward $0.18-$0.19 with a 65% probability.
This is not a bullish setup, but rather a traffic jam, according to Caroline Bishop, as ADA is still trading roughly 13% below its 200-day Simple Moving Average at $0.23.