Cardano in Sideways Trend, Unable to Sustain above $1.80 Resistance

[Rockalo]

Cardano's (ADA) price is falling after the rejection at the $1.80 overhead resistance. As ADA price falls the downtrend is likely to extend to the low of $1.30. This has been the price action since May 20. This present rejection will imitate the previous price actions of May 20 and 26.

In the previous price action, the market was in a range-bound move between $1.30 and $1.80. As price retraces, the crypto may find support above the moving averages. The upward move will resume if the price finds support above the moving averages. The selling pressure will resume once the price breaks below moving averages. On the upside, if the bulls break the $1.80 overhead resistance, the market will rally to a $2.00 high. However, Cardano will resume a range-bound move, if the bulls fail to break the resistance at $1.80. More Info - please click here