Cardano (ADA) Price Eyes Bounce from Local Support Zone

ADA price steadies at $0.7264 after testing a low of $0.7193, with growing buyer interest potentially fueling a short-term rebound.

ADA Holds Above Key Intraday Support

Cardano (ADA) is currently trading at $0.7264, showing a mild gain of +0.18% on the 15-minute chart. After a sharp decline earlier in the session, the price found support at $0.7193 and has since stabilized. According to the trader's post on Twitter, this zone is seen as a potential rebound area, with price action signaling a pause in bearish momentum.

Buyer Strength at 51% Could Spark ADA Recovery

The post highlights that buyer strength now stands at approximately 51%, indicating a possible shift in market sentiment. While ADA hasn't yet reclaimed higher resistance levels like $0.7350, the ongoing accumulation near the bottom range suggests bulls may be preparing for a bounce.

However, without a clean breakout above short-term resistance levels, the current move remains tentative.