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Cardano Price Hits Wall at $0.22, Analysts Predict Pullback to $0.19

Guavy AI Editorial Team
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Cardano's price surged by 13.8% in 24 hours to $0.21, hitting the upper Bollinger Band and SMA200 resistance cluster at $0.22.

The move is largely driven by Bitcoin correlation and a rotation into cheap, liquid Layer-1 tokens.

However, technical indicators suggest exhaustion, with the RSI at 70.27, Stochastic oscillator at 96.46, and MACD histogram flatlined to zero.

A pullback to $0.19 is expected before any real move higher, according to analysts.

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