Cardano Price Hovers Near Key Resistance Levels Amid Ongoing Accumulation

Cardano (ADA) is a popular cryptocurrency that has been experiencing a mixed short-term momentum in recent times. As of February 25th, its price stood at $0.2648, having posted a 2.99% gain over the past 24 hours.

The intraday chart shows that ADA initially hovered near the $0.257 level before staging a sharp upward breakout and briefly pushing above $0.27. However, after peaking, price action retraced modestly and is now consolidating around the $0.265 zone.