Cardano experienced a rally earlier this week, but it has now reached a key resistance level. The support levels are at $0.31, while the resistance levels are at $0.37. The price quickly moved from the support to the resistance, but sellers returned and caused a corrective move. On shorter timeframes, the momentum has turned bearish in the past two days, but it may not last and the price could bounce back to have another attempt at breaking the resistance. On the weekly chart, buy volume remains strong and buyers have dominated in four out of five weeks. Momentum could return to favor bulls if the price breaks above $0.37.



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