I’ve completely liquidated my ADA position.
I had high hopes for this coin, mainly because of its technology. However, over the years, the team and founder have moved at a snail’s pace. What once looked like a strong hand has been mismanaged.
Key Observations:
1️⃣ Fundamentals: Technological updates have lagged, leaving ADA feeling outdated compared to newer projects.
2️⃣ Technicals: On the candlestick charts, ADA is stuck in a sideways downtrend. Bollinger Bands show almost no volatility — meaning if you bought now, you could be stuck indefinitely.
Given this, I decided to exit fully. If this is my decision as a long-term investor, short-term traders and speculators face even greater risks.
SOL
128.88
+1.31%
BTC
87,326.29
+1.31%
ETH
2,947.17
-0.56%
DA #Crypto #MarketUpdate