Cardano’s ADA slips 3.19% as buyers struggle to clear $0.26

  • Cardano’s ADA fell over the past week while buyers limited the decline.
  • ADA traded near $0.246, gaining 0.82% after a 3.19% weekly drop.
  • ADA broke out of a downward channel earlier in September and repeatedly tested $0.26.

Cardano’s ADA fell 3.19% over the past week but recovered 0.82% to trade near $0.246. The modest rebound comes as discussion of ADA reaching $2 has gained traction, although the token first needs to break through the $0.26 area. ADA broke out of a downward price channel (a series of lower trading highs and lows) earlier in September and moved toward $0.26, but repeated tests have yet to produce a decisive move above that level.

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