TheChartistKenya
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Cardano's Resilience: Profitability Amid Market Turbulence 🚀
Despite ADA's ongoing price consolidation and a 15.39% drop in December, 61.63% of Cardano wallets remain profitable, according to data from IntoTheBlock. This showcases the resilience of long-term holders, even as the market tests psychological thresholds like the $1 mark.
Key Highlights:
ADA dropped to a one-month low of $0.7618 on Dec. 20 but slightly rebounded.
2.71M Cardano addresses are in profit, even below the $1 zone.
Wallets in losses stand at 1.51M, while 179,970 wallets are at breakeven.
Path to Recovery:
For ADA to regain momentum, it needs to:
1️⃣ Break the $0.9972 resistance from Dec. 21.
2️⃣ Conquer the 20-day moving average ceiling at $1.0321.
3️⃣ Overcome a significant supply wall at $0.9696–$1.09, where 243,900 addresses hold 3.77B ADA.
Analyst Outlook:
Market watchers, like Javon Marks, are optimistic, predicting a potential 180% surge to $2.77 if ADA breaks out of its current consolidation phase.
➡️ Your Take? Will ADA flip $1 into support or face further resistance? Share your thoughts!
#Cardano #MarketRebound #ADA #CryptoAnalysis #BinanceSquare
Despite ADA's ongoing price consolidation and a 15.39% drop in December, 61.63% of Cardano wallets remain profitable, according to data from IntoTheBlock. This showcases the resilience of long-term holders, even as the market tests psychological thresholds like the $1 mark.
Key Highlights:
ADA dropped to a one-month low of $0.7618 on Dec. 20 but slightly rebounded.
2.71M Cardano addresses are in profit, even below the $1 zone.
Wallets in losses stand at 1.51M, while 179,970 wallets are at breakeven.
Path to Recovery:
For ADA to regain momentum, it needs to:
1️⃣ Break the $0.9972 resistance from Dec. 21.
2️⃣ Conquer the 20-day moving average ceiling at $1.0321.
3️⃣ Overcome a significant supply wall at $0.9696–$1.09, where 243,900 addresses hold 3.77B ADA.
Analyst Outlook:
Market watchers, like Javon Marks, are optimistic, predicting a potential 180% surge to $2.77 if ADA breaks out of its current consolidation phase.
➡️ Your Take? Will ADA flip $1 into support or face further resistance? Share your thoughts!
#Cardano #MarketRebound #ADA #CryptoAnalysis #BinanceSquare
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