Cardano Price Struggles to Break Above Key Resistance
Cardano's price is at a critical juncture after weeks of sustained selling pressure.
The token has been hovering near $0.165, with traders waiting for a clear directional move above or below this region.
The support zone between $0.160 and $0.150 has helped prevent a sharp decline, but the recovery has been equally challenging.
The 50-day Exponential Moving Average (EMA) near $0.175 remains another important hurdle for ADA to reclaim.