Cardano Price Rally: Bulls Holding Strong, But Bearish Structure Remains Intact

Cardano bulls are currently defending a key support level above $0.61 as the price continues its upswing. However, despite these gains, the broader bearish trend persists, leaving the ADA price vulnerable to further declines. Analysis reveals that Cardano has repeatedly bounced off the crucial $0.6 to $0.63 zone in recent sessions, a testament to the strength of buyer activity at these levels. This support zone is bolstered by prior price action and increased trading volume, signifying its significance moving forward. ]