Cardano ADA Eyes 'Game On' Signal Above Key Level

Cardano's ADA has been experiencing a downturn after reaching its local top of $0.25 last week.

Despite this decline, analysts remain optimistic that a fresh uptrend is on the horizon, with some predicting that a weekly close above $0.21 would signal 'game on' for the asset.

The Relative Strength Index (RSI) indicates that ADA is approaching oversold territory, which often precedes a rally.

A recent exchange netflow shows that outflows have exceeded inflows in the past few days, signaling a shift towards self-custody and lower selling pressure.