Cardano Rebounds Near $0.1824 With Resistance Up to $0.2302

Cardano (ADA) traded at $0.1874 on Nov. 3 after rebounding near $0.1824, with resistance between $0.1953 and $0.2039.

ADA rebounded near the 61.8% Fibonacci retracement of the preceding decline, with support at $0.1824. A bounce at a retracement level alone does not establish that ADA has found a low.

Resistance lies between $0.1953 and $0.2039, the 38.2% and 61.8% retracement levels of ADA's latest decline. The next marked level is $0.209, with a broader resistance zone near $0.2302 beyond it.

ADA was down 1.48% over the prior 24 hours on Nov. 3 as a broader crypto-market downturn weighed on the asset. If selling resumes, a wider support area lies between $0.1617 and $0.1824.