TL;DR
One famous analyst highlighted $0.80 as a crucial support level that ADA must hold.
Another market observer predicts a bounce starting mid-October that could drive the asset to a new all-time high by Christmas.
Did ADA Lose Its Chance?
It has been just over a month since Cardano’s ADA surged above $1. Since then, though, it has been on an evident decline which has even worsened in the past few days. As of this writing, the asset trades at around $0.78, representing a 15% plunge on a weekly scale.
According to renowned analyst Ali Martinez, the drop below $0.80 could prove critical, potentially preventing the price from rebounding by roughly 25% to $0.95.
Earlier this month, he revealed that large investors (known as whales) have offloaded 160 million tokens in the span of just 96 hours. This adds more weight to the bearish view, as it signals diminished confidence in the asset from these market participants, which could also reflect on smaller players. In addition, such acti
We współpracy z: https://cryptopotato.com/cardano-at-a-crossroads-can-ada-still-explode-25/
