Cardano Price Breaks Through Key Resistance at $0.24

Cardano's price has broken through a stubborn resistance level of $0.24 as buying pressure returns to ADA during a wider market rally.

The price gained 7.03% and reached near $0.244, having briefly touched the $0.2488 price level. This move took it beyond a previous barrier that had stopped some recovery attempts in the past.

Cardano's price has now crossed its 200-day average of around $0.239, which is a positive sign for a longer-term recovery. However, for this to be more convincing, ADA needs to close trading above this level.

The buying activity has improved, with Accumulation increasing from about 400 million to 695 million during the recent recovery. This suggests that there is more buying than selling, but it does not guarantee further gains.