Cardano Price Faces Resistance

Cardano price is currently facing strong resistance as it struggles to maintain momentum above the $0.70 mark. This price battle occurs amid the U.S. SEC delaying its decision on the Canary Capital ADA exchange-traded fund (ETF) application until May 29, prolonging uncertainty in the market.

While whale accumulation indicates confidence among investors, ADA price action remains constrained within key technical levels. This situation raises concerns about a potential decline to $0.30.