Cardano (ADA) Price Analysis: Can it Reach $0.30?

• Cardano price is recovering above $0.25 against the US Dollar, similar to Bitcoin’s trend.
• There was a break above a major bearish trend line with resistance near $0.260 on the 4-hour chart.
• ADA price could gain bullish momentum if it clears the $0.265 and $0.288 levels.

Cardano (ADA) Price Analysis

Cardano price is recovering higher above $0.25 against the US Dollar, similar to Bitcoin . ADA price could gain bullish momentum if it clears the $0.265 resistance.

Price Decline from Above $0.320

Earlier this month, Cardano price saw a major decline from well above $0.320 against the US Dollar. The ADA/USD pair traded below the $0.30 and $0.288 support levels to move into a bearish zone.

Recovery Signs Appear

The bears even pushed the price below $0.25 but there is now signs of recovery as there was a move above the $0.250 and $0