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📈 ADA/USDT: A Calm Before the Storm or Continued Correction?
Looking at the recent movements, it cannot be denied: $ADA is experiencing a serious pullback. After the impressive surge observed a couple of months ago, the price has returned to a strong support level, where the future fate of the asset is being decided.
What do we see?
A major downward movement at the beginning of October, followed by consolidation, was unable to keep the price from further sliding.
Currently, the price is in an area that was previously a zone of active struggle. Investors' attention is focused on this mark.
But it's important to remember: fundamental activity on the Cardano network continues! Regular updates, expansion of partnerships (such as the launch of the ADA card by Wirex and EMURGO), as well as progress in decentralized governance (approval of the Constitution) create a solid foundation.
Despite the current pressure, the community remains optimistic — some analysts see patterns in the current structure that may indicate a potential powerful breakout. The key question: can this technical support withstand the pressure while the implementation of DeFi and RWA (real assets) on Cardano gains momentum?
Looking at the recent movements, it cannot be denied: $ADA is experiencing a serious pullback. After the impressive surge observed a couple of months ago, the price has returned to a strong support level, where the future fate of the asset is being decided.
What do we see?
A major downward movement at the beginning of October, followed by consolidation, was unable to keep the price from further sliding.
Currently, the price is in an area that was previously a zone of active struggle. Investors' attention is focused on this mark.
But it's important to remember: fundamental activity on the Cardano network continues! Regular updates, expansion of partnerships (such as the launch of the ADA card by Wirex and EMURGO), as well as progress in decentralized governance (approval of the Constitution) create a solid foundation.
Despite the current pressure, the community remains optimistic — some analysts see patterns in the current structure that may indicate a potential powerful breakout. The key question: can this technical support withstand the pressure while the implementation of DeFi and RWA (real assets) on Cardano gains momentum?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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