🔻 $ADA breached the 0.6$ mark – A slight slip or a sign of a big wave?
The price of Cardano (ADA) has officially slipped below the 0.6 USD threshold, currently hovering around 0.5985$ – a level that has many holders on edge. So what awaits ADA ahead?
📉 On the technical side: Losing the 0.6$ mark makes it easier for ADA to drop to the support area of 0.55$ or even deeper if there are no early recovery signals.
🔥 On the momentum side: Although the Cardano ecosystem is still developing quietly (DeFi, internal stablecoin, stable staking...), speculative money is flowing towards “hotter” names like meme coins, AI, or emerging narratives.
🤔 However, ADA still has a chance: With an upgrade schedule being prepared by IOHK, if the macro market stabilizes and $BTC maintains above 100k, ADA could completely "bounce back" from the bottom and replicate the surge seen in 2021.
In summary: ADA is weak, but not "down and out". Those who believe in the technology may see this as a time to accumulate. Those trading short-term should buckle up, as the upcoming waves won't be small!