Cardano Price Forecast: ADA’s bullish outlook wobbles despite the launch of the first Bitcoin DeFi protocol

Cardano (ADA) is currently trading around 0.68 USD, slightly up from 0.62 USD. The launch of the Cardinal Protocol aims to enhance usability between Bitcoin and Cardano, but resistance near 0.70 USD indicates trader exhaustion.

Technical indicators suggest a potential pullback; resistance is noted at around 0.71 USD. Successful breakthroughs could lead to higher price targets, while failures may pull prices back toward support at 0.62 USD.

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