Cardano Price Hits Wall at $0.24

Cardano's price has surged by 5.63% to $0.23, but momentum has stalled at the upper Bollinger Band resistance.

The key level of $0.24 is being tested, and a clean daily close above it is required for a continuation push.

The oscillator picture is mixed, with stochastics in overbought territory and MACD flatlined.

Despite this, the derivatives market is telling a bullish story, with top traders running a 73.5% long bias at a 2.77 ratio.