Cardano's ADA market has been steadily increasing since May 21st, with the price retracing above the key resistance level of $0.3700. However, selling pressure has been present as ADA has been closing below this level and trading sideways.
Currently, the ADA/USD pair is trading at $0.3701 with a gain of 0.60 percent in the past 24 hours. There is strong resistance at the $0.3750 mark, but if it closes above this level, it could enter a new phase of bullishness.
The technical indicators suggest a bullish momentum in the market, but the bulls need to gather more momentum to break the resistance level.
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