Cardano Price Prediction Hinges on Clearing Key Resistance at $0.2132

Cardano's price prediction remains bullish above $0.1955, but it needs to clear $0.2132 to keep climbing.

The cryptocurrency currently trades near $0.20992, up 2.60% today after a sharp reversal from an intraday low of $0.20403 to a high of $0.21048.

However, the 200-day EMA at $0.24155 remains far overhead, indicating there's still significant room for price growth before a trend reversal.

In fact, if ADA fails to clear $0.2132 and gives back today's gain, it risks falling toward the Parabolic SAR at $0.1921, according to its bearish case scenario.