Crypto
Cardano Price Faces Resistance at $0.26 Ahead of Potential $2 Target
Cardano's price has stabilized above $0.24 after a 3.19% decline over the past week.
The cryptocurrency is currently trading near $0.246, up 0.82%, but faces resistance at the $0.26 level.
Analyst Lark Davis predicts that Cardano could recover to $1, $1.50, or even $2, but reaching this target would require a significant price increase of over 700%.
The network's decentralized finance (DeFi) activity has been weak, with Cardano TVL falling from $140 million earlier in the year to around $60-70 million.