The moment ADA makes a slight pullback, those bears get excited like it’s New Year’s and rush out to shout that it’s going to zero.
In my view, these people simply don’t understand how the market works. Right now, the price of $ADA is hovering around 0.1734 USDT, with a 24-hour drop of only a negligible -0.5%. Over the past 24 hours, the high and low have been tightly ranged between 0.1758 and 0.1712. With volatility at this level, in the crypto market it wouldn’t even be enough to fill a toothgap—and yet the bears can somehow spin it as the end of the world?
In my eyes, the choppy, indecisive price action of the past couple of days is the most typical example of “healthy consolidation and shakeout.”
The main players are using these extremely small dips to wear down impatient short-term speculators, washing out shaky hands and forcing out uncertain positions. Only then will the market structure become more solid. If you can’t even withstand volatility of less than 1%, I suggest you go back to time deposits—crypto markets aren’t for you.
If you keep watching $ADA every day to spread doom and gloom but fail to understand that the bids and asks are actively changing hands, in the end you’ll just slap your thigh when it finally takes off. I’ll ask one thing: if this isn’t building momentum, do you really think the bulls would hold their ground and refuse to let go of the support level at 0.1712?
The content above only represents personal opinions and does not constitute investment advice.
#ADA #Cardano #加密貨幣 #市場分析 #technical analysis
In my view, these people simply don’t understand how the market works. Right now, the price of $ADA is hovering around 0.1734 USDT, with a 24-hour drop of only a negligible -0.5%. Over the past 24 hours, the high and low have been tightly ranged between 0.1758 and 0.1712. With volatility at this level, in the crypto market it wouldn’t even be enough to fill a toothgap—and yet the bears can somehow spin it as the end of the world?
In my eyes, the choppy, indecisive price action of the past couple of days is the most typical example of “healthy consolidation and shakeout.”
The main players are using these extremely small dips to wear down impatient short-term speculators, washing out shaky hands and forcing out uncertain positions. Only then will the market structure become more solid. If you can’t even withstand volatility of less than 1%, I suggest you go back to time deposits—crypto markets aren’t for you.
If you keep watching $ADA every day to spread doom and gloom but fail to understand that the bids and asks are actively changing hands, in the end you’ll just slap your thigh when it finally takes off. I’ll ask one thing: if this isn’t building momentum, do you really think the bulls would hold their ground and refuse to let go of the support level at 0.1712?
The content above only represents personal opinions and does not constitute investment advice.
#ADA #Cardano #加密貨幣 #市場分析 #technical analysis