Usman Salis
Cardano (ADA) has bounced back strongly over the past few hours, climbing away from recent lows and testing key resistance zones. This recovery hints at renewed buyer interest, though sellers are still putting up a fight that could cap further gains without solid volume backing.
ADA Price Recovers 2.37% from Daily Lows
Cardano's price action tells a story of resilience today. After hitting a 24-hour low of $0.7296, ADA has clawed its way back up 2.37% to reach $0.7509. This rebound shows there's still appetite from buyers when the price dips to attractive levels.
The recovery wasn't just a quick bounce either. Looking at the 15-minute chart, ADA has been printing higher lows, which suggests the bulls are gradually taking control on shorter timeframes. Still, traders know the real test comes at $0.7601 — that's where ADA peaked in the last 24 hours, and it's the level everyone's watching.
Cardano (ADA) Price Faces Critical $0.7550 Resistance Test
Right now, all eyes are on the $0.7550 zone. This level has been acting like a brick wall for ADA bulls, and breaking through it with decent volume would be a game-changer. If Cardano manages to push past this resistance convincingly, we could see a quick run back to $0.7601, and maybe even higher.
But here's the thing — the market data isn't telling a completely bullish story yet. About 53.24% of the current pressure is still coming from sellers, which means bears haven't given up the fight. This selling pressure could keep ADA stuck in a sideways grind between $0.7420 and $0.7520 if the bulls can't muster enough strength.
The next few hours will be crucial for ADA's direction. A clean break above $0.7550 backed by volume would signal that buyers are serious about pushing higher. Without that confirmation though, Cardano might just chop around current levels while the market figures out its next move.
Usman Salis
