In the midst of concerning headlines dubbing Cardano a “sinking ship,” it’s essential to turn our focus to the charts and the potential opportunities they reveal. Despite a recent pattern of lower highs and lower lows, there’s a promising setup in the form of a falling wedge. History has shown that crypto news outlets frequently miss the mark, especially during bear markets, and their headlines tend to play on emotions. To truly understand Cardano’s trajectory, we need to analyze its technicals. Currently, it appears to be forming bullish divergence on the RSI, mirroring a similar pattern from last year that led to a breakout. While short-term movements remain uncertain, there’s strong potential for ADA to target the 20-week moving average, a crucial level for confirming a bullish shift. This move could happen in the next few weeks, potentially defying September’s historical bearish trend, and it’s an opportunity worth monitoring closely.

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    https://coinpedia.org/price-analysis/cardano-xrp-sailing-in-sinking-ship-heres-whats-next-for-ada-xrp-price/

    Cardano ADA price hits year-low amid DeFi slump and SEC classification concerns

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    *The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

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    22 Comments

    1. Daaaan! Hiii! Listen… This is fantastic, but… Have you heard how MASSIVE Liqwid Finance is going to be in the near future??? 😃 (your daily reminder)

    2. It is so hard to see it when you’re in it. All of a sudden it’s go time and most of the market just waits in disbelief. Then, before we know it we are 120% or 160% into a raging bull market. That feeling. I don’t ever want to feel that feeling again. I’m still kicking myself for missing the price of a lifetime back in 2020. Sitting there thinking it’s going lower. Every channel, news article, all the analysts calling for more downside. Who knows when exactly but it’s definitely getting close.

    3. Cardano along with polkadot are dead. Keep hyping, there are no signs of strong reversal. These shit coins will only pump because of bitcoin halving cycle. Most of these trash will go back to its fair value which you can see now.

    4. I’ve been holding ADA since 2017 and you know what never changes? The fud noise around it. You know what else? How it performs in a bull cycle.

    5. My TA on stablcoins vs ADA suggest ADA should be rising to 35-40 this month or next too There is future downside for ADA but I am leaning to going up first

    6. You sound ridiculous.
      Strength in a bear market is the exception not the rule.
      During the two year bear market cycle, you produce content propagandizing the exception not the rule.

    7. My fear is that so much is going on in the world with the wars and the election coming. And now this Covid crap again. Just feels like a massive world wide market crash is coming but hey just my opinion. 😅

    8. You’ve literally said nothing new. 😂

      Be so much better if the crypto bros could actually talk about the macroeconomic environment without sounding like they are counting to potato 😂😂😂

    9. Bro been hyping ada since beginning of this year. One day he’ll get it right and price goes back up. When prices goes back up he’s gonna be like “I told you guys” to buy ada. Like no shit you buy low that’s trading 101

    10. I’ve held ADA since early 2021 and it’s been all down since – how much longer do I have to wait for any sort of good news ! I get it’s a bear market but this is torture

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