Cardano (ADA) is a blockchain-based platform that allows developers to build decentralized applications (dApps) and smart contracts. Created by Charles Hoskinson, one of the co-founders of Ethereum to address some of the scalability and interoperability issues faced by existing blockchain networks.

Given the asset’s potential, ADA has gained a lot of attention in the crypto community over the years. However, lately, many investors and traders have wondered about the crypto’s next move amid the uncertainty in the crypto market. 

In the past week, Cardano (ADA) has seen some significant bearish price action. The asset crashed in the past 7 days with the price down by nearly 20%. This bearish trend can be attributed to several factors, including the ongoing downtrend in the market. 

However, despite the bearish trend, ADA may be poised for a bullish breakout, according to the asset’s price chart. On the 1-day time frame, Cardano has just tapped into an order block indicating a likely reversal (upward movement).