‘Game On’ for Cardano (ADA) Once It Crosses This Key Level: Analyst
Cardano’s native cryptocurrency was at the forefront of gains this time last week; however, in the past few days, it has lost momentum and given back part of its recent advance.
Despite the retreat, many analysts remain optimistic that a fresh uptrend is knocking at the door, while others argue that an ascent would depend on reclaiming a critical level.
‘Game On’ Under This Condition
As of this writing, ADA trades at around $0.21 (per CoinGecko), representing a 3% decline over the past 7 days and a 16% plunge from the local top of more than $0.25 seen less than a week ago.
Regardless of the slump, X user Jesse Olson recently opined that the asset still looks strong after its 4-hour chart has flipped bullish again. He noted that the price headed south and hit four out of four targets, found support, and wondered whether this means a new rally is about to begin.
Sssebi, who often touches on ADA, also chipped in. The analyst observed that the asset’s latest performance and suggested that a weekly close above the key line of around $0.21 would signal “game on.”
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