#Cardano
š Cardano ($ADA ): The end of an era or the calm before the storm?
While the crypto market is storming, fierce debates are raging around Cardano ($ADA ). After a 65% drop in a year, skeptics have already managed to āburyā the project, but experienced players advise not to rush to conclusions.
The main theses of analysts for today:
ā¢ āThis is just a bear marketā: Popular analyst Sssebi reminds that during bearish phases, undervaluation of the asset is the norm. According to him, as soon as the sentiment changes to bullish, ADA is capable of explosive growth of 200-300% in just a few weeks.
ā¢ The āmake or breakā level: Analyst Ali Martinez highlights the $0.243 zone as critical.
ā¢ š If the bulls hold this level, we expect a move to $0.30 and above.
ā¢ ā¼ļø If we break below, the price could test the $0.10 mark.
ā¢ 2021 Fractal: Javon Marks noticed that the current ADA base resembles the structure that preceded the legendary 2021 rally.
ā¢ Investors are withdrawing assets: There has been a negative netflow on exchanges recently. This means that people are transferring ADA to cold wallets for long-term storage, which significantly reduces selling pressure.
ā ļø Conclusion: Despite the price in the $0.25 range, infrastructure players (such as Everstake) are confident: Cardano is still preparing a surprise this year.
