I'm not sure how many of you guys noticed but each coin has its own personality per say, people emotions are imprinted into those candle sticks, but for this particular coin after each rally it takes 4-5 days to consolidate, why? don't know but this seem to be a pattern. We are already for 3 days in this consolidation so we could have 1-2 days more to the next rally. This is what I have noticed so far.
bullcavern
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@pgarret, Noticed that too, well there are some reasons i can think of.
First of all,people opinion on cardano changed to calling it a scam on bitcointalk to consider it the next big think after bitcoin in the span of 10 days. Probably because it took time to understand the implication of all the informations on the website. Then easier to understand and shorter videos (compared to charles iohk ones) from well known youtubers started appearing endorsing it.
Last but not least this consolidation movement is similar to the one before the big spike up. So people don't sell and price doesn't go down. At the same time people don't buy either because the price is 4 fold bigger compared to some days ago.
It's a bit of a stall.
Personally in the longterm this thing is primed to go up ihmo, in fact i sold all i had to consolidate my gains and rebought at this price. I'm not too worried if it goes down, i will simply buy more and dollar cost average, if on the other hand it goes up all the better. I don't think it will ever go down lower than 800. I would be very happy to add some at that price.