Cardano Price Bounces Back Amid Shift to Buyers

Cardano's price has bounced back after hitting $0.1535, and momentum is now in favor of buyers. The next level to break through is $0.18, where ADA was rejected a week ago.

The three-hour chart shows that Cardano has been in a broad range with lower highs, indicating sellers stepping in earlier on each rally. Price dropped into $0.1535 on July 27 and was defended by buyers.

A clean close above $0.1751 would break the sequence of lower highs and put the $0.180 area back in play as the first target. The July high at $0.200 becomes the obvious magnet if Cardano can clear $0.18.