Cardano [ADA] was down 2.04% in the past 24 hours, but held on to a respectable 6.89% gain over the past week. The slowdown in momentum came around the month-old swing high of $0.258.

The Bitcoin [BTC] retracement toward $84k also contributed to ADA’s price dip. The $0.235 support level was tested last week, and the altcoin’s price might gravitate south once again.

Increased buying pressure in recent weeks meant Cardano crypto was still within an uptrend. As anticipated, high profitability among short-term holders helped stall the upward momentum, combined with the BTC price dip.

Is Cardano crypto’s $0.26 rejection a warning?

The daily close at $0.2588 on Friday, the 25th of September, barely…