We are analyzing the "first order" from the voting under the idea of "Bitcoin weekend №17"
If you look at the ADAUSDT chart, you can see that the price is moving upward in a channel. And if we draw this channel by the highs and lows, we will see that the price moves exactly from border to border.
Today the ADAUSD price has stopped at the level of $2.88 so far. The sellers did not even let them approach $3.00, because the channel border is a bit lower.
In fact, in two weeks the price of ADAUSDT increased by x2 from $1.44 to $2.88 If you look locally, the breakout of the $1.50 level upwards took place on increased volumes and buyers did not even give a chance to test this level for strength from above. However, if you look at the entire movement of the ADA price in the channel, we will see that trading volumes are fading and over the last month they are just scanty in comparison.
Now we would like to see a correction in the price of the Cardano token in the range of $1.73-1.93, we will take the average price of $1.83 as a basis.
And when and if the price reaches this zone, then we will analyze: the nature of the price movement, at what volumes the price movement will be and in general what mood will reign in the crypto market in the future. After this analysis, it will be easier to predict which further variant of the ADAUSDT price movement will be more probable. Since now, theoretically, there are equal chances for the price of ADAUSD to renew the maximum to the $4.30 region or to begin a deep correction to the $0.40-0.50 region.
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i love you r analyse but Bro ada dont back bottom
4 years cardano HODLers wait for now
12 Sep start new project for cardano and going for 10$ i think
or more
P_S_trade
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@Shivaraax, thanks for the information, we'll see soon
Shivaz
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@P_S_trade, anytime sir
yea check Ada now on bullish and going too 10 $
P_S_trade
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@Shivaraax, :)
PlatanoinaPorsche
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@Shivaraax, At the peak of this bullrun, I also think that ADA will reach the 10 USD. Maybe a little bit more, or a little bit less.
Shivaz
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@PlatanoinaPorsche, Yes, it seems logical and he must burn a few tokens for higher peaks. He has a lot of market cups.
P_S_trade
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@JeremyLeeRaiburn, Why do you think big money is only on the side of buyers? Also, why did you decide that we were burying the ADA project? Periodic correction of the crypto market by 80% is an axiom that happens all the time. In addition, if you look now at the volume of trades and talk about the big players and their great influence is not timely.