ADA’s native token surged forward over recent days yet its upward push paused today on August 26 as the wider scene took a minor step back 🌑.
While most voices stay optimistic toward the asset some expect a possible double-digit drop from these spots could still arrive.
Bulls Clash With Bears 🦇
ADA climbed 22% across the past two weeks after the scene revived thanks to monetary tweaks announced by the US Treasury Department plus extra sparks.
At one peak the asset shot up to a three-month high past $0.25 yet the past 24 hours brought a pullback 🔮.
As of now ADA sits near $0.21 for a 6% daily slide making it one of the larger decliners in that window.
X user SBlockSpy noted the token faced rejection near $0.22 and continues watching the retreat closely 🕷️.
They pointed out sellers remain active and foresaw a deeper slide toward $0.164 if selling persists while adding that buyer activity here could spark an early jump to $0.24 then $0.30.
Rand Group joined the chat too.
Earlier this week the X user highlighted ADA’s clean breakout after piercing key downtrend resistance yet they hold back interest until it settles above the $0.25 zone.
For their part More Crypto Online questioned if a certain B-wave retreat started adding that as long as ADA stays above $0.157 the upward drive continues and may reach the $0.314-$0.404 zone.
Purely Bullish Visions ✨
Other active X voices hold firm on the optimistic side 💀.
Earlier this month Lucky told their nearly two million followers that ADA ranks among their hot picks and pictured a short-term rise toward almost $0.50.
The token last reached that level back in November of last year 🌙.
CW stands as another optimist.
The analyst shared that ADA pierced a major resistance line and shifted into a bullish path 🖤.
“The long downtrend is over. The real bull market has begun” they stated.
Just another echo from the void by iconofsin.eth 💖
