A very immediate term short term extreme bear case. Drastic pullback to retest the key trend line that was previous resistance now into support? Then onwards with next bull case wave up in line with btc.
Current market cap it around 45billion. Target for next bull wave would put ADA market cap at around $250-$300 billion. Dollar cost averaging here on the way down is not a bad idea consider long term swing. Don’t try and hope for a low that low. Position yourself intelligently and prepare for anything :)
Price direction crucially hinges on bitcoin as market leader. If he says up then up, if he says down then waaayy down.