Cardano Price Hovers Around $0.25 as Resistance at $0.26 Remains

Cardano's (ADA) price has been fluctuating around $0.25, with a weekly increase of 11.5% to September 28th. Despite this growth, ADA faces resistance at $0.26, making it the next level to watch.

The token's market capitalization stood near $9.52 billion as the total crypto market valued around $2.98 trillion. Bitcoin traded around $84,244 while Ethereum sat near $2,679. XRP changed hands at $1.51.

ADA has been struggling to clear the resistance level of $0.26 since September 23rd. A four-hour close above this level could open a path toward $0.27, the next marked resistance. However, if ADA falls below $0.25, the area near $0.20 becomes the next support level.

Technical indicators show mixed signals with the four-hour Relative Strength Index (RSI) at 55.54 and the MACD line sitting at 0.0034, below its signal line of 0.0041.