🚀 Cardano ($ADA ) bounces back around 0.80 USD after a sharp drop on 22/9
Despite previously "falling hard", ADA still maintains a crucial support zone. Whales withdrew more than 69.2 million ADA from Coinbase, plus the Long/Short ratio on Binance is heavily leaning towards the buying side → a clear accumulation signal.
Technically, $ADA bounced back from the upward trendline and holds the 0.80 USD mark – if it holds firm, the 0.95 USD target is waiting. However, the Supertrend is still red and ADX is below 25 → momentum is not really strong yet.
👉 Question: Is this the golden time to "accumulate ADA", or just a dead cat bounce before a deep sell-off?
🤷♂️ No one knows for sure – even ADA is uncertain!
⚠️ This article is not investment advice, read at your own risk; if you profit, remember to buy coffee!