Cardano (ADA) Price To Retest $0.75 Level In Coming Day

The price of ADA continues to rise, with significant gains

The price opened higher and continued to rise, testing the $1.16 mark, which was last reached in February

The purchasing pressure is expected to continue since the current price movement was supported by volume

However, still under pressure below the key $1.20 level

The demand zone between $1.20 and $1.40 could be exploited.

A daily finish above $1.20 will give bulls hope that the 200-day EMA (Exponential Moving Average) at $1.30

A breach below the session’s low, on the other hand, could ignite a new round of selling at the ADA price.

Cardano’s immediate resistance level, according to the crypto analyst, is around $1.20

ADA will return to this area and test some form of pricing in the $0.80 range, possibly up to $1.