Cardano’s Tough Battle: Can ADA Smash Through the $0.5867 Fibonacci Ceiling?
Cardano bulls hit a wall—again. The $0.5867 Fibonacci resistance level refuses to crack, leaving ADA traders grinding their teeth.
The Fibonacci Fiasco
For weeks, Cardano's price action has been trapped between rock-solid support and this stubborn resistance. Every rally gets smacked down faster than a crypto influencer's credibility.
Traders on Edge
If ADA can't flip $0.5867 into support, another retest of lower levels seems inevitable. Meanwhile, 'HODLers' are coping hard—blaming 'market manipulation' instead of admitting their hopium overdosed.
The Bottom Line
Until Cardano bulls muster enough momentum to break through, sideways chop rules. And let's be real—watching paint dry has more action than some of these crypto 'corrections.'
Cardano is showing positive momentum in the past hour as DeFi TVL surges, despite technical indicators suggesting a potential pullback to $0.50. Notably, Cardano’s price stands at $0.5798, experiencing a slight 0.7% rise in the last one hour.
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