Cardano Bounces Back to $0.1638: Can ADA Break Through Key Resistance?

Cardano has bounced back up to $0.1638 after a sharp three-day rally off its recent low of $0.1535, and momentum is shifting in favor of buyers.

The level of $0.18, where Cardano was rejected last week, remains the key hurdle for ADA to clear if it's going to confirm that its July downtrend has ended.

To get there, however, the price needs to break through $0.1751 first, which capped every rally this month.

The 3-hour chart shows a clear pattern of lower highs, with Cardano forming two distinct impulses in July: one on 5th at $0.200 and another on 23rd that reached $0.1805 before rolling over.