Crypto
Cardano ADA Price Eyes $0.22 as PRIME Approval Bolsters DeFi Growth
Cardano's ADA price has been testing the crucial $0.18 level after completing a three-wave advance from its June low, according to data from More Crypto Online.
The recovery has pushed the price into a potential resistance area, raising the possibility that a short-term local top is forming.
However, ADA's broader structure remains constructive as long as buyers continue defending this important decision level.
The continuation of the ADA price above $0.18 could keep intact the chances for another upside move to the $0.218-$0.222 region.
The PRIME initiative by Cardano, proposed by AlphaGrowth, has now been approved, which may prove to be an important milestone for the DeFi ecosystem on the network.