Cardano (ADA) Slips 6% in 24 Hours: Healthy Correction or the Return of the Bears?

Cardano fiel nach einem starken Anstieg in den letzten 24 Stunden um 6 % auf etwa 0,21 $, nachdem es zuvor ein Drei-Monats-Hoch über 0,25 $ erreicht hatte. Die Analysten sind uneins: Einige sehen eine Korrektur mit möglichem Rückgang auf 0,164 $, andere erwarten bei Käuferunterstützung einen Anstieg auf 0,24 $ bis 0,30 $.| Cardano’s native token HAS been ON a tear over the past several days, but its rally stalled today (August 26) as the broader market pulled back a bit. While most analysts remain bullish ON the asset, some believe a double-digit decline from the current levels could also be ON the horizon. Bulls vs. Bears ADA HAS soared by 22% over the past two weeks, following the market’s revival prompted by the monetary changes announced by the US Treasury Department, among other factors. At one point, the asset rocketed to a three-month high above $0.25, but the past 24 hours have delivered a correction. As of press time, ADA trades at around $0.21, representing a 6% decline ON a daily scale and is among the biggest losers within that timeframe. X user SBlockSpy noted that the token got rejected around $0.22 and is closely monitoring the pullback. They claimed that the move shows sellers are active and predicted a deeper downtrend to as LOW as $0.164 if the dump continues. At the same time, the analyst believes that if buyers step up here, they might trigger an initial surge to $0.24, then $0.30. Rand Group also recently chipped in. Earlier this week, the X user highlighted ADA’s strong breakout, claiming it HAS breached the main downtrend resistance. However, they remain uninterested in the asset until it consolidates above the $0.25 resistance. For their part, More Crypto Online cast doubt ON whether a certain “B-wave” pullback HAS begun, adding that as long as ADA holds above $0.157, the upside momentum remains and could push the price to the $0.314-$0.404 range. Entirely Optimistic Forecasts It is important to note that other popular X users stand firmly ON the bullish side. Earlier this month, Lucky told their nearly two million followers that ADA is among their “hot picks,” envisioning a short-term ascent to almost $0.50. The last time the token traded that high was in November last year. CW is another optimist. The analyst opined that ADA HAS broken through a major resistance line and transitioned into a bullish trend. “The long downtrend is over. The real bull market HAS begun,” they added. The post Cardano (ADA) Slips 6% in 24 Hours: Healthy Correction OR the Return of the Bears? appeared first ON CryptoPotato .