Cardano (ADA) price was up early on Monday, mirroring the broader market recovery

Cardano price was up early on Monday, mirroring the broader market recovery. ADA traded at $0.727 and up by 2.4% at press time

Cardano price showed signs of recovery early on Monday, moving in tandem with the broader market. ADA was trading at $0.727 and up by 2.4% at press time, registering a second successive daily gain. However, the coin is still stuck in the $0.680-$0.770 range within which it has been bound for the last twelve days.

Therefore, its upside will likely be subdued unless it breaches the next major resistance at $0.780.

Crypto traders will be closely watching the trends in Bitcoin price as it attempts to break above the $69k level. A decisive move above that key resistance could bring about a much-needed rally in the market.

The crypto market has been signaling a potential recovery in the last four days, and that momentum could come into play if Bitcoin price reclaims $90k.

For Cardano price, the risk of a major drop is rising fast if it continues with its sideways action. About 70% of ADA investors are long, meaning that a prolonged underperformance could trigger massive liquidations.

Ultimately, Cardano price recovery is tethered to the broader market sentiment. US President Donald Trump stirred up the markets on Sunday after saying that he was open to the possibility of readjusting his position on “reciprocal” tariffs set to enter into

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