Cardano (ADA) Flips $0.30 to Break Downtrend

Crypto investors have their eyes on Cardano (ADA) as it approaches resistance. According to a recent tweet, the coin is in a downtrend and must flip $0.30 if it wants to break that trend. Otherwise, potential plays may be found at $0.2675 and $0.25. Cardano is a decentralized public blockchain platform that allows users to send and receive digital assets without intermediaries or third-party involvement. It was founded in 2017 by Charles Hoskinson, one of the co-founders of Ethereum, and has since become one of the most popular cryptocurrencies in the world with a market capitalization of over $10 billion USD as of April 2021. The cryptocurrency has been trading sideways for much of 2021 but recently made an impressive move up from around $0.20 USD per coin to its current price near $0.30 USD per coin - an increase of more than 50%. This rally has some crypto investors hopeful that ADA could break out from its current downtrend if it can flip the key resistance level at $0.30 USD per coin and continue higher towards previous highs near $1 USD per coin set back in 2018 when the entire crypto market was booming with investor enthusiasm. However, many analysts remain cautious about ADA’s prospects given its lacklustre performance over the past few years compared to other major cryptocurrencies such as Bitcoin and Ethereum which have both seen significant gains during this same period of time. If ADA fails to flip this key resistance level then it could easily fall back down towards support levels at either $0.2675 or even lower at just above $0.25 USD per coin where it may find some buyers willing to take advantage of any bargain prices available should they arise from such a pullback in price action for ADA coins.. In conclusion, Cardano (ADA) is currently approaching resistance at around the key level of 0$30USD per coin which could be crucial for breaking out from its current downtrend if successful - otherwise potential plays may be found further down near either 0$2675 or 0$25USD respectively depending on how far any eventual pullback may extend should ADA fail to make new highs above this important psychological barrier currently holding back any further upside momentum for now..