Cardano Faces Price Pressure as Bears Push Towards $0.55

Cardano’s price is currently under pressure, with selling pressure pushing it towards crucial support levels. The bearish trend is evident on the 4-hour chart, with multiple technical indicators signaling potential for further declines unless buyers step in soon. 1,200% up to a high of $1.20 before being rejected from support. 1,200% up to a high of $1.20 before being rejected from support.