Cardano (ADA) price is currently trading above $0.260, after finding support near the $0.235 zone. The token has broken above a key bearish trendline with resistance near $0.2560 on the daily chart. The Relative Strength Index (RSI) is also rising and approaching the 70 level with no major sign of overbought conditions.Immediate resistance is near the $0.272 level, with the first major resistance at $0.285. A close above this level could send the price toward the $0.300 level. On the downside, ADA could correct lower if no move is above $0.285. Immediate support is near the $0.260 level, with the first major support at $0.258. If the bulls fail to protect the $0.250 support zone, ADA bears could aim for a test of the $0.235 support region.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Asia
Countries
Sentiment	positive
Relevance Score	8
People	None
Companies	None
Currencies	Cardano, Ethereum, Bitcoin
Securities	None