🚨 Is It Time to Short Cardano (ADA)? Analysts Predict a 33% Drop! 🚨
Cardano (ADA) is facing significant downward pressure as it struggles to stay above $0.35. After a brief recovery, analysts are now warning of a potential 33% drop, with targets as low as $0.2197. 📉
According to Lingrid, ADA is locked in a tight range between $0.30 and $0.34, with the risk of falling even lower. As the market remains sideways, ADA has failed to break key resistance, leaving it vulnerable to a retest of lower support levels. 😬
Meanwhile, FinancialFreedomGoals predicts that ADA could fall to $0.2197, suggesting the bear market is far from over for this popular altcoin. 🚨
With ADA showing signs of weakness, is it time to consider shorting? The next few days could be critical as ADA hovers near crucial support levels.
What’s your take? Are you preparing to short ADA or waiting for a bounce? Let us know! 👇
