Cardano Price Shows Early Signs of Uptrend, But Faces Resistance Barriers

Cardano’s price has stabilized above crucial support levels, with the RSI rebounding from oversold territory. Technical indicators such as EMAs show a positive signal, while MACD histogram expansion suggests early bullish momentum within a broader downtrend. However, strong resistance and stacked ask liquidity walls hinder breakout potential. This analysis explores Cardano’s price action based on recent technical indicators and order book data.