In the waning light of the weekly market’s sundown, the majority of coins are like children on a seesaw, bouncing up and down with no particular aim, according to CoinStats.
ADA/USD
Now, the rate of Cardano (ADA), it’s like a sprightly drunkard, having gained a tipsy 1.20% in its last day’s stagger.
But don’t let today’s merry dance fool you. ADA’s price is slinking down, having stumbled over the local support level of $0.6958. If the buyers don’t pick up the pace and take the lead, this slide could waltz right on down to the $0.68-$0.6850 range by tomorrow’s dawn.
And on the grand stage of the bigger time frame, there ain’t no signs of turning back just yet. If the daily bar closes like a hermit crab in its shell, far from the vital zone of $0.70, we might just see a trip to the $0.66 zone next week.
In the grand scheme of things, neither side is the king of the hill. The volume is dribbling away like a leaky faucet, which suggests that thisADA fellow might just keep shuffling sideways around the current prices until the month’s end.
As the ink dries on this here page, ADA is trading at $0.6944, like a man teetering on a tightrope, wondering which way he’ll fall.
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2025-02-09 16:16