Cardano’s Reputation Was This Negative Previously, ADA Increased By 25%
Santiment predicts that the severe negativity surrounding Cardano (ADA) will shortly result in a sharp rise in the token’s price.
A huge reduction in the price of ADA in 2022—about 70%—has, according to data from a crypto analytics firm, sparked a very negative response from the general public and, as a result, further aggravated the collapse in quotes.
Cardano (ADA) is currently experiencing a level of hostility similar to January 2022. What’s intriguing is that ADA managed to post a big rise of 25% while being oversold at the time by irate investors. The crowd subsequently adopted a very positive attitude regarding Cardano, and the token started to decline once more.
Cardano (ADA) price
The ADA is currently trading at a strong support level, which is the lower limit of the aforementioned price corridor, after falling into the $0.6-$0.42 region in early May.
The last time the $0.4 per ADA level was crossed was in February 2021, so all growth from that point on has been lost. Is now a good moment to expand your ADA token holdings? Perhaps the significant, long-awaited upgrade to the Cardano network, given the statistics from Santiment and the soon-to-be-implemented Vasil hard fork. To prevent your money from falling to zero in the event that the $0.4 level is breached, it is more wise to keep your stop loss close.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Annie
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Analysis
Cardano’s Reputation Was This Negative Previously, ADA Increased By 25%
Santiment predicts that the severe negativity surrounding Cardano (ADA) will shortly result in a sharp rise in the token’s price.
A huge reduction in the price of ADA in 2022—about 70%—has, according to data from a crypto analytics firm, sparked a very negative response from the general public and, as a result, further aggravated the collapse in quotes.
Cardano (ADA) is currently experiencing a level of hostility similar to January 2022. What’s intriguing is that ADA managed to post a big rise of 25% while being oversold at the time by irate investors. The crowd subsequently adopted a very positive attitude regarding Cardano, and the token started to decline once more.
Cardano (ADA) price
The ADA is currently trading at a strong support level, which is the lower limit of the aforementioned price corridor, after falling into the $0.6-$0.42 region in early May.
The last time the $0.4 per ADA level was crossed was in February 2021, so all growth from that point on has been lost. Is now a good moment to expand your ADA token holdings? Perhaps the significant, long-awaited upgrade to the Cardano network, given the statistics from Santiment and the soon-to-be-implemented Vasil hard fork. To prevent your money from falling to zero in the event that the $0.4 level is breached, it is more wise to keep your stop loss close.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
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