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cryptocurrencyat.com

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

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The price of ADA continues to rise, with significant gains

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

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

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However, still under pressure below the key $1.20 level

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

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

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

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

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