July 2 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Cardano's recovery has been halted at the $0.3 hurdle and the US SEC labeling it as a security is still impacting its price performance.

The $0.3 level is a crucial resistance level for near-term bulls and if the roadblock persists, sellers could extend gains to $0.26. ADA's funding rates have fluctuated in Binance Exchange since June 10, which could limit a strong recovery.