$ADA $ADA /USDT

Cardano prices drop by 6% after the proposal of Charles Hoskinson to invest 140M cardano from the treasury . Have the prices hit the bottom in this downward trend and from here onwards a trend reversal will b seen?

my personal take is that one can go long at .6131 and if the price dips to .5147 can increase their position , cardano will surely bounce back , but when ? that's the most important question hodlers r asking...