Even the ETF plan got pulled, yet ADA held at $0.22: what’s it waiting for?
Among the top twenty coins by market cap, most are slowly climbing today in step with the altcoin rebound. ADA is an exception among exceptions—it isn’t leading the pack, rising only 2.87% over the past 24 hours, with the current price at $0.2185. But over the past few days, it’s been grinding around $0.22, looking like it could be ready to test $0.24 at any moment.
The real story is on the other side. According to CoinDesk, Grayscale quietly withdrew its spot ETF application for Cardano, and also pulled filings for Polkadot and Hedera. Normally, when an ETF path gets shut down, the price should ease off a bit. But ADA didn’t collapse; instead, it held steady and kept pace with this rebound. Two things are worth thinking about here: first, the ETF narrative may not have been priced into ADA at all, so the withdrawal doesn’t really hurt; second, there seems to be solid buying support in the $0.19 to $0.22 range. $0.19 is a psychological line for many people—if it holds, there’s still room to play. #Cardano
In the same period, Dogecoin (DOGE) rose 5.51% to $0.0891; SOL gained 2.24% and climbed back to $103.99. Everyone’s riding the same wave, but ADA is rising the slowest—still, it has no shortage of attention. A coin whose ETF plan was even withdrawn can still hold firm without dropping; that alone says a lot. #DOGE
A pump can draw a beautiful candlestick chart, but what really makes people willing to hold on isn’t the line itself—it’s that there are others around them watching the same support level. I think that’s a bit like Elon Musk’s mindset too: his little dog doesn’t rely on flashy hype, but on the fact that there are really a bunch of people in it together, really still getting things done. Markets go up and down, but the story is only just beginning.
🐶 Come take a look at Elon Musk’s little dog ✨🚀
#马斯克小狗 #我爱小狗 #小狗
Among the top twenty coins by market cap, most are slowly climbing today in step with the altcoin rebound. ADA is an exception among exceptions—it isn’t leading the pack, rising only 2.87% over the past 24 hours, with the current price at $0.2185. But over the past few days, it’s been grinding around $0.22, looking like it could be ready to test $0.24 at any moment.
The real story is on the other side. According to CoinDesk, Grayscale quietly withdrew its spot ETF application for Cardano, and also pulled filings for Polkadot and Hedera. Normally, when an ETF path gets shut down, the price should ease off a bit. But ADA didn’t collapse; instead, it held steady and kept pace with this rebound. Two things are worth thinking about here: first, the ETF narrative may not have been priced into ADA at all, so the withdrawal doesn’t really hurt; second, there seems to be solid buying support in the $0.19 to $0.22 range. $0.19 is a psychological line for many people—if it holds, there’s still room to play. #Cardano
In the same period, Dogecoin (DOGE) rose 5.51% to $0.0891; SOL gained 2.24% and climbed back to $103.99. Everyone’s riding the same wave, but ADA is rising the slowest—still, it has no shortage of attention. A coin whose ETF plan was even withdrawn can still hold firm without dropping; that alone says a lot. #DOGE
A pump can draw a beautiful candlestick chart, but what really makes people willing to hold on isn’t the line itself—it’s that there are others around them watching the same support level. I think that’s a bit like Elon Musk’s mindset too: his little dog doesn’t rely on flashy hype, but on the fact that there are really a bunch of people in it together, really still getting things done. Markets go up and down, but the story is only just beginning.
🐶 Come take a look at Elon Musk’s little dog ✨🚀
#马斯克小狗 #我爱小狗 #小狗