Cardano Price Analysis: Can ADA Break $0.18 After This Bounce?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.ADA rebounded from $0.1535 to $0.1638 as RSI flipped back above its signal line. But $0.1751 has to fall before $0.18 is on the table.Cardano is trading at $0.1638 after a sharp three-day bounce off $0.1535, and momentum has quietly shifted back in favour of buyers. The $0.18 area is where $ADA was rejected a week ago, and it is the level that would confirm the July downtrend is over. Getting there means clearing $0.1751 first. Here is what the 3-hour chart says about the odds.AdvertisementWhat Does the Cardano 3-Hour Chart Show Right Now?The 3-hour chart shows ADA in a broad range with a clear pattern of lower highs. The month opened with an aggressive impulse that spiked into $0.200 on 5 July, a move that was rejected almost immediately and gave back every cent of the advance within 48 hours.The second attempt came on 23 July, when Cardano pushed up to roughly $0.1805 before rolling over again. That lower high matters, because it confirms sellers are stepping in earlier on eac...