Cardano (ADA) Struggles to Break Resistance at $0.36

Cardano (ADA) faces challenges breaking resistance around

$0.34 to $0.36, with several indicators pointing toward potential

downward pressure. Data shows that roughly 260,000 addresses hold ADA within this range, with many holders likely to sell at

breakeven, adding resistance.

Short-term holders also appear to be selling, which may

increase selling pressure and limit ADA’s price rise. Additionally, ADA has formed a bearish head-and-shoulders pattern on the

daily chart, which could signal a potential decline to $0.32.

However, if bulls defend $0.34 and break resistance, ADA could

rally to $0.42.

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