# Valdez Identifies $0.21 as a Potential Long Entry for Cardano

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/33513
Published: 2026-10-16T21:56:16.000Z
Updated: 2026-10-16T21:56:16.000Z
Section: Investing

> The level sits near the daily chart’s 0.5 Fibonacci retracement at $0.21057 and a trendline connecting higher lows since Aug. 17.

Nick Valdez, chief crypto strategist at Verified Investing, identified $0.21 as a level where he would consider a long position in Cardano (ADA). The price is close to two markers on ADA’s daily chart.

The chart places its 0.5 Fibonacci retracement at about $0.21057. An ascending trendline also links higher lows dating to Aug. 17. ADA’s chart showed a pullback from a high near $0.28 in early October.