Attention, crypto fans! 🚨 Remember when Cardano (ADA) was dancing joyfully close to a dollar? Well, the party got spoiled badly and suddenly. What’s up with this crash? 📉
Plop! The price of ADA plummeted 10% in a blink, leaving everyone with a face of "What happened here?!" While other coins like Ethereum (ETH) and XRP also dropped, none took a hit as hard as Cardano. Overnight, the trading volume skyrocketed to $2.5 billion. That's a lot of people buying and selling like crazy, and it's a clear signal that things got heated 🔥.
This drop cost ADA dearly. It was fighting for eighth place in the ranking of the most valuable cryptocurrencies, and suddenly boom!, it fell back to number 10. The battle with Tron (TRX) and Dogecoin (DOGE) for that position is heating up, and this fall sent it to the corner to think.
And it's not just the price. Network activity also cooled off. Daily transactions fell and active addresses decreased by 21%, meaning people are less engaged on the network. Less movement, less confidence... and that’s almost never good for the price! 😬
Will it recover? 🤔
Experts say ADA has returned to its "symmetrical triangle." In English, this means it has entered back into a phase of "consolidation" or stagnation. In the short term, the $0.90 level is the barrier to overcome. If it can break through strongly, it could shoot up to $1.3 and, hopefully, up to $2. That would be a 100% spike! 🚀
But watch out, if the price keeps falling, the key support is at $0.73. If it rebounds at that level, it could be a good sign and confirm that the coin is eager to recover. The battle is on now, and the next few days are crucial.
So, let's stay alert. The world of crypto is a roller coaster of emotions. Today you’re on top, tomorrow you crash, and the day after, who knows? The only certainty is that this doesn’t stop.$ADA $DOGE $TRX
