$ADA šØĀ CARDANO UNDER PRESSURE ā BUT A BIG MOVE MAY BE LOADING!Ā šØ
Cardano ($ADA) has taken a heavy hit recently, droppingĀ over 60% since its October peakĀ as activity cools off and investor confidence weakens.
š„ Since December, $ADA has slippedĀ around 25%, with market cap shrinking fromĀ $35.1B ā $12.9B.
š„ TVL has declined fromĀ $544M ā $215.5M, showing reduced DeFi engagement.
š„ Stablecoin market cap on Cardano has also dipped fromĀ $40.48M ā $37.68M.
š„ Futures market interest has pulled back significantly too, dropping fromĀ $1.72B ā $651M.
But hereās where things getĀ interestingĀ šā¦
Despite the bearish pressure, ADA is forming aĀ falling wedge pattern, and RSI is flashingĀ bullish divergenceĀ ā both classic signals of aĀ potential upside reversalĀ if momentum flips.
šĀ Sentiment may be weak now, but smart money watches chartsā¦ and ADA could surprise the market sooner than many expect. Stay alert! š$BTC
#ADA #ADAcrypto #Cardano #USCryptoStakingTaxReview #WriteToEarnUpgrade
