Cardano defends $0.20 demand zone again, but here’s what will shape price trends next

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Cardano has displayed an uptrend since July after breaching the $0.19 resistance, which now serves as a key support level. The token faces resistance at $0.255, and a successful breakout could push the price toward $0.29. On-chain metrics reveal that short-term holders are increasingly in profit, raising the risk of profit-taking and sell pressure. The Cardano network has officially integrated the x402 payment protocol, a development that could attract developers and transaction volumes. The 4-hour chart structure remains bullish, with $0.225 as the next resistance to watch.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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