Cardano's price is facing a tough time breaking through key resistance levels, despite recent efforts to rise above the $0.4500 zone. While ADA shows short-term bullish potential, it remains trapped below $0.480, leaving investors concerned.

ADA has been slowly climbing above the $0.450 region, but its failure to surpass the resistance level could lead to deeper losses. A recent recovery wave started from the $0.4180 region, pushing ADA into a short-term bullish zone. However, the immediate upward resistance is near the $0.4650 region, followed by the first resistance at $0.470. A closure above $0.4980 could trigger a strong rally.

If Cardano's price fails to rise above the $0.470 resistance level and the 100 simple moving average (4 hours), it may start another decline. The immediate downward support is near $0.450, followed by the main support at $0.4350. A downward break below $0.4350 could lead to testing the $0.4180 region, with the next main support at $0.3880.

Technical indicators show the MACD losing momentum in the bearish zone, while the RSI is above the 50 level. Investors should closely watch the main support levels at $0.4500, $0.4350, and $0.4180, as well as the main resistance levels at $0.4700, $0.4980, and $0.5250. Notably, Cardano's price has corrected about 50% after its last rise.