Cardano Price Prediction: ADA Faces Selling Pressure After Rejection at $0.288 Zone
The post Cardano Price Prediction: ADA Faces Selling Pressure After Rejection at $0.288 Zone appeared on BitcoinEthereumNews.com. ADA trades above major EMAs as bulls defend the broader breakout market structure Open interest cooled near $550M as leveraged speculation steadily continued fading Negative exchange netflows signal cautious sentiment despite ADA price stability Cardano continued to defend its broader bullish structure this week, even as momentum slowed following a sharp recovery rally. The digital asset recently climbed toward the $0.288 region after breaking out from a prolonged consolidation phase near $0.25. However, buyers encountered stronger resistance near the latest swing high, forcing ADA into a tighter consolidation pattern around $0.273. Despite the recent pause, the overall technical setup still favors bulls. ADA continues trading above its major exponential moving averages on the four-hour chart. Consequently, traders still view the broader structure as constru