The cryptocurrency market is currently still in a consolidation phase! The longer the consolidation lasts, the stronger the subsequent breakout will be. It is highly likely that the consolidation will end and the second wave will start around mid-August, brothers! Just be patient and wait!
Cardano plans to convert 100 million ADA into USDM stablecoins, starting in mid-August, to inject liquidity into the DeFi ecosystem. Bitstamp listed ADA at the beginning of August and has added a staking feature worth paying attention to!
$ADA holds 0.3 and sees its value and potential, which will not create significant selling pressure; instead, those with high costs will become the selling pressure during the rise.
Shocking news! ADA plunged 9.45% in 24 hours, but the main force is secretly accumulating funds? The $0.76 gold pit may become the last parking space
Short-term oversold + buying accumulation + POC pullback, the current price of 0.818 can be used to ambush long orders with a light position, stop loss at 0.76, target at 0.88, and profit and loss ratio ≈2.4; if it loses 0.76, then go short. The risk is that the macro sentiment will deteriorate again.
Key interval structure • Value anchoring zone: POC 0.7437 (598M transactions), which is the highest consensus price in the past two weeks. The current price has fallen back to its upper edge. The historical Up Volume accounts for 46%. The selling pressure is slightly large and needs to be confirmed by further volume increase. • High volume area: 0.7257–0.7527 (HVN group) + 0.8111–0.8201 (HVN group). The former is the first buffer zone below, and the latter is the first resistance zone above. Prices tend to fluctuate in these two ranges.
This round of the bull market is confirmed to be delayed until 2028. Everyone should prepare for a protracted battle, stock up on supplies, and hold on for another 3 to 5 years! Because now all the old investors are taking loans and keeping contracts open, waiting for the bull market in the second half of the year, the hope for a bull market this year is extremely low. At the earliest, most people will lose hope and exit the market around May of next year after cutting their losses.