The entire crypto market is bearish. Crypto TOTAL is strongly correlated to NDX and tech ETFs. It is actually front running tech stock declines as interest rates rise. Since cryptos are highly speculative, much more so than even small cap tech, expect significant losses in the months to come, ADA will be no exception. Insiders will not plow much more money into crypto until they see significant value buying opportunities (in the speculative sense, e.g. ADA at $0.30). Retail is tapped out. However, there is bullish divergence on the MFI, which is a good opportunity to make a little money. I expect a near term bounce to $1.15-1.20 followed by a dive below $1.00.
