ADA: The ecosystem keeps growing, so why is the price still weakening?
A notable paradox with Cardano: the project continues to develop its technology, but ADA has yet to escape selling pressure.
📊 Market data
* ADA is around $0.169, down about 2.24% in 24 hours (13/11).
* The price is under pressure after losing the $0.20 support level.
* Cardano Academy has partnered with Andamio to launch a certification program for achievements recorded on the blockchain.
🔍 What stands out?
Facts: Cardano is still developing its infrastructure, including Dijkstra and Linear Leios. However, major upgrades have not yet officially launched on Mainnet.
SM Crypto’s take: This is a positive long-term signal, but it is not enough to confirm that ADA will rise right away. Technology development does not automatically mean immediate growth in demand for the token.
🎯 Spot plan
* Support to watch: $0.167–$0.168.
* Nearby resistance: $0.172–$0.177.
* If support holds and resistance is reclaimed: consider buying in portions.
* If support breaks: stay on the sidelines and wait for a new consolidation zone.
Don’t FOMO before the trend is confirmed.
Question: Would you accumulate ADA at the current price or wait for a clearer reversal signal?
#SMCrypto #ADA #Cardano #SpotTrading #CryptoAnalysis
A notable paradox with Cardano: the project continues to develop its technology, but ADA has yet to escape selling pressure.
📊 Market data
* ADA is around $0.169, down about 2.24% in 24 hours (13/11).
* The price is under pressure after losing the $0.20 support level.
* Cardano Academy has partnered with Andamio to launch a certification program for achievements recorded on the blockchain.
🔍 What stands out?
Facts: Cardano is still developing its infrastructure, including Dijkstra and Linear Leios. However, major upgrades have not yet officially launched on Mainnet.
SM Crypto’s take: This is a positive long-term signal, but it is not enough to confirm that ADA will rise right away. Technology development does not automatically mean immediate growth in demand for the token.
🎯 Spot plan
* Support to watch: $0.167–$0.168.
* Nearby resistance: $0.172–$0.177.
* If support holds and resistance is reclaimed: consider buying in portions.
* If support breaks: stay on the sidelines and wait for a new consolidation zone.
Don’t FOMO before the trend is confirmed.
Question: Would you accumulate ADA at the current price or wait for a clearer reversal signal?
#SMCrypto #ADA #Cardano #SpotTrading #CryptoAnalysis