Cardano’s latest 24-hour decline put ADA below the $0.21 floor of the rising channel in Ali Martinez’s chart. As of 08:00 UTC Saturday, Cardano (ADA) traded at $0.2086, down 3.49% over 24 hours.
Martinez's chart places the lower edge of a rising channel at $0.21 and describes the SuperTrend indicator as bearish. He links the $0.17 level to ADA finishing a day beneath that boundary.
The $0.2086 quote was an intraday reading; Martinez's condition applies to a daily close. EconoTimes previously covered Martinez's $0.21 boundary and lower-price scenarios; a completed daily close below $0.21 is the next indicator in the setup.
