Cardano rebounds 3% as ADA struggles to retake $0.22 resistance

Cardano (ADA) saw a modest rebound of about 3% from its recent low, as market participants anticipated the outcome of the Federal Reserve’s interest rate decision scheduled for October 28. Despite moving off its trough, ADA traded near $0.205 on Tuesday, underscoring its inability to break through the key $0.22 resistance needed for a sustained recovery. From October 26, ADA rose from around $0.2005 to close at $0.2066 before giving up some gains soon after.

Source: CoinTurk News