Cardano (ADA) is currently encountering significant resistance as it approaches critical price levels, particularly around the $0.39 mark. This resistance complicates its upward climb and presents potential challenges for further gains.
The Global In/Out of Money (GIOM) analysis illustrates the current market dynamics. It reveals that many holders are positioned at resistance zones, which adds complexity to ADA's potential price movements.
Overall, these challenges at key supply zones highlight the difficulty ADA may face in overcoming this pivotal price barrier.
