🚨【Is Cardano still alive? The dream of 'moon landing' at $10 has shattered, and even $1 is in jeopardy!】🚨
Stop fantasizing about ADA soaring to the sky; reality is 'slapping' back.
Cardano (ADA) started the second quarter looking strong, briefly breaking $0.60, but the enthusiasm vanished like a snap of the fingers.
Since then, the price has stagnated, and trading volume has shrunk, with the once 'explosive' momentum long gone.
💥 There were once calls for a $10 target, but the result……
Charles Hoskinson's 'moon landing' rhetoric indeed ignited community enthusiasm, but the reality is - even $1 is still a long way off.
📉 Trading activity has plummeted
February peak: Trading volume exceeded $1.8 billion, with the coin price soaring to $0.80
Now: Trading volume is less than $640 million, and the coin price is stagnant
📊 Technical indicators have cooled down, and fundamentals are also weak
RSI was only overbought once all year, and that was due to false news
Network fees plummeted by 52%, hitting a quarterly low
Multiple on-chain data points are declining, and user activity is lackluster
🧊 What about the upcoming Q2? Don't expect miracles
Unless there is a major shift in trading patterns or a fundamental reversal, ADA will still struggle to break the $1 barrier, let alone the 'fantasy-level' $10.
Summary: Cardano is not dead yet, but it is not living up to expectations either. Stop betting on its takeoff; this is not a moon landing, it's 'sitting on the floor.'