Can Cardano (ADA) Bounce Back? A Closer Look at Its Recovery Potential

Summary

• Cardano (ADA) price is struggling to gain bullish momentum above $0.4750.
• The price is currently trading below $0.460 and the 100-hourly simple moving average.
• A break above a connecting bearish trend line with resistance at $0.4570 was observed.
• A close above $0.4620 could help ADA gain bullish momentum.

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