$ADA Now at 0.174, grinding along right above this week’s low of 0.171. The script really hasn’t changed at all. This week it climbed from 0.19 and then gave back almost 10%. A push here, a soften there—but nobody dares to step in and take the other side.
As for money, things are getting more and more tangled. In the spot market, over the last three hours, out of twelve price candles, none of them are positive. Net outflows are nearly seventy million. On the large players’ side, the long positions are being cut again and again—those who move first are them.
Outside, the drag is still as aggressive as ever: Dijkstra upgrades, ecosystem expansion—one piece of good news after another. But what about the price? It just sticks to the weekly low and won’t move, while funding rates are pinned to the floor. No one is willing to pay to go long.
Put simply, what’s missing isn’t the story—it’s the follow-through. Daily spot trading volume is only around ten million dollars. No matter how loudly they shout upgrades, if nobody steps in, it’s all in vain. Waiting for a pullback entry to board the train—chances are you’ll be waiting for even lower prices.
Chasing now definitely isn’t worth it. Wait until the capital is willing to come back in again. Maybe I’m reading it wrong—maybe it suddenly surges up and slaps my face.
#ada $ADA
As for money, things are getting more and more tangled. In the spot market, over the last three hours, out of twelve price candles, none of them are positive. Net outflows are nearly seventy million. On the large players’ side, the long positions are being cut again and again—those who move first are them.
Outside, the drag is still as aggressive as ever: Dijkstra upgrades, ecosystem expansion—one piece of good news after another. But what about the price? It just sticks to the weekly low and won’t move, while funding rates are pinned to the floor. No one is willing to pay to go long.
Put simply, what’s missing isn’t the story—it’s the follow-through. Daily spot trading volume is only around ten million dollars. No matter how loudly they shout upgrades, if nobody steps in, it’s all in vain. Waiting for a pullback entry to board the train—chances are you’ll be waiting for even lower prices.
Chasing now definitely isn’t worth it. Wait until the capital is willing to come back in again. Maybe I’m reading it wrong—maybe it suddenly surges up and slaps my face.
#ada $ADA