$ADA
IS ONE OF THE WEAKER LONG-TERM CHARTS I’M WATCHING
Cardano has now made a lower low below the 2022 bottom.
For me, that’s a clear sign of weak market structure. It doesn’t mean the project itself isn’t developing, but price is not showing the kind of strength I want to see for a long-term DCA.
In a bull run, I could still see $ADA pushing back toward the $0.50–$0.52 area.
But if it gets rejected there, another lower low later would not surprise me.
Personally, I see more interesting DCA setups elsewhere right now.
Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup. Markets can do anything.
This is not a recommendation to buy or sell $ADA . Always do your own research.
IS ONE OF THE WEAKER LONG-TERM CHARTS I’M WATCHING
Cardano has now made a lower low below the 2022 bottom.
For me, that’s a clear sign of weak market structure. It doesn’t mean the project itself isn’t developing, but price is not showing the kind of strength I want to see for a long-term DCA.
In a bull run, I could still see $ADA pushing back toward the $0.50–$0.52 area.
But if it gets rejected there, another lower low later would not surprise me.
Personally, I see more interesting DCA setups elsewhere right now.
Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup. Markets can do anything.
This is not a recommendation to buy or sell $ADA . Always do your own research.
