Two weeks ago, [I issued a warning](https://steemit.com/cryptocurrency/@bullishmoney/red-alert-cardano-ada-is-at-severe-nearer-term-risk) that Cardano (ADA) might hit 27 to 28 cents (at the time, it was around 40 cents). I'm here now to tell you that Cardano has hit that target!

![](https://steemitimages.com/DQmcpPED7mCE2UQp6n9gCi8i5s2i1eBL2Math182i3k5Rdd/image.png)

If you're interested in buying the Cardano crypto coin, I would watch this level very closely. I believe based on my earlier analysis that most of the bad news is baked into this altcoin asset's price. However, you just never know.

As an idea (and strictly as an idea -- remember, I do NOT give investing advice! -- you might want to cost average here -- buy some at this level, and if it goes down further -- which it might -- buy more at the newly discounted price.

Either way, I'm definitely glad I warned you all about staying patient with this altcoin. You now at least have a 25% to 30% discount from two weeks ago...not a bad gig!

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