Cardano Price Prediction: Everyone’s Given Up on ADA – Which Is
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Cardano price prediction sees everyone giving up on ADA at 5-month sentiment low while whales accumulate through 16 million-dollar transactions targeting 40% breakout
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Anas Hassan
Crypto Journalist
Anas Hassan
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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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Last updated:
12 hours ago
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Cardano price prediction has taken a bearish turn in recent months, with investors largely abandoning ADA after its prolonged struggle to regain momentum.
Market sentiment paints a picture of capitulation as ADA continues to consolidate at multi-month lows.
But the question now is whether this overlooked asset can quietly position itself for a sharp breakout.
ADA Hits 5-Month Sentiment Low While Price Secretly Surges 14%.
Looking at on-chain analysis from market intelligence platform Santiment, despite ADA recording the lowest sentiment in five months, the price has quietly climbed 14% in the last 30 days.
Currently trading at $0.8286, ADA boasts a $29.61 billion market cap and maintains its position among the top 10 cryptocurrencies in the market.
Patient holders and dip buyers during the preceding three-week downswing are now hoping for the trend of bearish retail sentiment to continue.
On-chain data shows that whales have been stepping in to buy the dip since early August.
More than 16 different transactions worth $1,000,000 of ADA were recorded over the 30-day period, and it appears these large holders are not slowing down.
Founder and CIO of MN Capital, Michaël van de Poppe, has also acknowledged that Cardano is still in a blind spot for most market participants.
However, the ADA price is building up for a significant breakout as the ecosystem continues to grow.
Cardano price prediction: Technical Analysis Points to Potential 40%...
https://cryptonews.com/news/cardano-price-prediction-everyones-given-up-on-ada-which-is-exactly-why-it-might-be-about-to-explode/
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