The strong support level is probably around 0.45-0.5, providing reference
If it falls below again, it will probably return to the historical consolidation range around 0.35 (worst case scenario). To recover, there must be a very strong profit.
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Cardano falls below $1: Returning to the opportunity zone after 4 months
#ADA $ADA
Cardano (ADA) has been on a downtrend over the past few days, with its price dropping by 7%. While this decline reflects broader market pressures, it also creates opportunities for ADA holders.
The current condition of cryptocurrencies has the potential for a bullish reversal, sparking optimism among investors.
Cardano has a chance
Cardano’s 30-day market value to realized value (MVRV) ratio shows that investors who bought ADA last month faced an average loss of 15%. However, this downturn pushed the MVRV ratio into the opportunity zone, ranging between -13% and -26%. Historically, this range marks a turning point in recovery.
Cardano (ADA) has been on a downtrend over the past few days, with its price dropping by 7%. While this decline reflects broader market pressures, it also creates opportunities for ADA holders.
The current condition of cryptocurrencies has the potential for a bullish reversal, sparking optimism among investors.
Cardano has a chance
Cardano’s 30-day market value to realized value (MVRV) ratio shows that investors who bought ADA last month faced an average loss of 15%. However, this downturn pushed the MVRV ratio into the opportunity zone, ranging between -13% and -26%. Historically, this range marks a turning point in recovery.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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