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Cardano Price Analysis: ADA/USD Faces Resistance at $0.3706 Mark

Cardano's price has been on an upward trend and is currently above its support level of $0.364. The coin is expected to break through its current resistance level if it can maintain its momentum. The support level is crucial for the bulls to further their gains. On the downside, a slight dip towards $0.3480 is possible in case of a price correction. The technical indicators show a recovery in the ADA/USD pair, with the MACD and RSI both changing direction in a positive direction. The coin still has to face multiple hurdles, such as the resistance at $0.3706, before it can make any significant progress.

Cardano Cardano $0.88
-0.97%
Cardano
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