Cardano Price Holds Above $0.70 Amid Correction Challenges

Cardano Price Update

Cardano (ADA) has rallied above $0.70 and $0.720.
Current trading is above $0.720 and the 100-hourly simple moving average.
A bullish trend line supports at $0.750 on the hourly chart.
Decline possible if prices fall below $0.7150.

Cardano formed a base above $0.650, surging past key resistance levels, reaching a high of $0.8204 before correcting. The price is now facing resistance near $0.780 with immediate support at $0.750. Further declines may test support at $0.7150 or $0.650.

Technical Indicators

MACD shows decreasing momentum in the bullish zone.
RSI is below the 50 level.
Major support levels are at $0.7500 and $0.7150.
Major resistance levels are at $0.8000 and $0.8200.