Cardano Price Analysis
The recovery of Cardano
ADA
tickers down
€1.05
faces resistance near $1.12, but a positive sign is that the bulls have not given ground to the bears.
Both moving averages are tilted upward, and the RSI is above 62, indicating that the path of least resistance is upwards. If buyers push the price above $1.12, the ADA/USDT pair could rise to $1.20. Bears are expected to defend the $1.20 level, but if bulls break through the resistance, the rally could reach $1.32.
On the other hand, a break below $1.05 will suggest that bulls are losing control. The pair could then fall towards the moving averages.
