Cardano's ADA Price Squeezed Between Converging Trendlines

Cardano's ADA price is approaching an important technical turning point on its weekly chart after months of declining prices. Trading around $0.1956, the token is getting squeezed between two converging trendlines.

The crypto analyst The Boss believes the ADA price is nearing a decisive moment, with a potential pump opening the door to higher resistance levels.

According to The Boss's chart, several important upside levels are identified, including $0.2242 and $0.3136. A move toward these levels would require stronger buying pressure and could represent an advance of approximately 60% from the current price.