- Cardano (ADA) consolidates near $0.68, facing critical resistance test at $0.72
- Analyst Gambardello: Break above $0.72 opens path toward $1.24 potential
- Whale selling (~200M ADA) reported, adding pressure; $0.60 support crucial
Cardano (ADA) finds itself at a key technical moment, where it grapples with a prolonged resistance zone that has largely defined its market behavior since December 2024.
Priced near $0.6811 at press time (early April 2), ADA has seen an 11.03% decline over the past seven days, despite a small 0.44% gain in the last 24 hours. Its market cap stands near $24.5 billion with recent daily trading volume exceeding $620 million.
Resistance at $0.72: Make-or-Break Level for ADA
Cardano’s price action over the past few months showed a pattern involving failed breakout attempts and subsequent pullbacks near significant overhead price levels.
According to Dan Gambardello, a known crypto analyst, ADA’s current position is at a critical technical juncture. The resistance level he identifies between $0.72 and $1.24 is proving to be a major barrier for bulls currently.
Gambardello suggests that once ADA manages to break decisively …
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