It's Taxade's son who is managing Binance Brazil hahahahaha
Bob cripto
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Guys, do you know why Binance is charging a fee for selling crypto? It's no use them saying it's 1%, I bought Sol at 188 and sold it at 210, and they practically ate all the profit.
If it drops to 0.50 I'll sell my car and buy everything from #ada
Teshkid is Crypto
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$ADA on the daily chart is breaking down after an impulsive movement to $1.3352. I believe we have peaked in an Elliot wave 1 and a wave 2 is now imminent. The minimum targets for the wave 2 lie between $0.8045 - $0.5010. Within this areas we should find support and start a bounce in an impulsive Elliot wave 3.
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Weak fundamentals! Hahahaha make me laugh, $ADA will shut a lot of people up in 2025 including you who copied this ridiculous text.
CryptoNews
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Cardano Price May Crash Soon, Legendary Trader Warns
Cardano price has crashed by over 20% from its highest point this year, and one legendary trader believes that it has more downside to go.
Cardano (ADA), a popular layer-1 coin, retreated to $0.90, much lower than the year-to-date high of $1.326.
Peter Brandt, a legendary trader who has written widely on technical analysis, warned that the coin may continue falling in the near term.
He pointed to Cardano’s head and shoulders chart pattern that has formed on the daily and four-hour chart. A H&S pattern is made up of two shoulders, which are at $1.153, and a head at $1.327. It also has a neckline at $0.914.
CAR_dano $ADALooks like a potentialCAR_crash pic.twitter.com/ycUCOWx3Fm
— Peter Brandt (@PeterLBrandt) December 19, 2024
A H&S pattern often leads to a strong bearish breakdown. In most cases, the target of this breakdown is usually the same as the distance between the head and the neckline. Therefore, if Brandt is accurate, it means that Cardano price will crash to $0.629, which is a few points below the 61.8% Fibonacci Retracement level. That price is about 32% below the current level.
You might also like: 2 reasons why Bitcoin and other crypto just crashed
Cardano has weak fundamentals
Third-party data show that Cardano has weak fundamentals, which explains why it is lagging behind other layer-1 networks like Solana and Ethereum.
Data by DeFi Llama shows that Cardano’s DeFi total value locked has moved from over $700 million in November to $478 million today. The decline has also happened in ADA terms as the TVL fell from the year-to-date high of 670 million ADA to 494 million.
Meanwhile, data by IntoTheBlock shows that the number of Cardano addresses has continued to fall after peaking in November as the coin rallied. Cardano had almost 210,000 daily active addresses in November 2023, a figure that has dropped to 66,500.
Cardano daily active addresses | Source: IntoTheBlock
Cardano’s futures open interest has also been in a downward trend, a sign that its demand in the futures market is falling. Its interest fell to $775 million on Thursday, down from the year-to-date high of over $1.1 billion.
Futures open interest is an important metric that looks at the volume of unfilled put and call options orders in the futures market. The figure often rises when there is substantial demand for a coin.
You might also like: Solana price forms a rare pattern: will it go beast mode soon?
Já presenciei queda de 30% a 50% é uma loucura, dica em vez de ficar olha seu portfólio de minuto em minuto, vai fazer dinheiro aumente sua renda
Charleen Nedley ysNq
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In my current wallet I have 1300 reais, 1000 in XRP, 150 XLM, 150 ADA, is it crazy for me to spend 10 thousand reais and buy all three of these coins? Right now? $XRP $XLM $ADA
se não aguentar quentinha de 20% saia do barco e coloque seu capital na poupança
Charleen Nedley ysNq
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In my current wallet I have 1300 reais, 1000 in XRP, 150 XLM, 150 ADA, is it crazy for me to spend 10 thousand reais and buy all three of these coins? Right now? $XRP $XLM $ADA
You guys look like kids crying for candy, hasn't anyone here seen what happened in 2021? Cryptocurrencies are volatile, nothing goes up in a straight line, the correction comes, if you can't handle it, get out
Charleen Nedley ysNq
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In my current wallet I have 1300 reais, 1000 in XRP, 150 XLM, 150 ADA, is it crazy for me to spend 10 thousand reais and buy all three of these coins? Right now? $XRP $XLM $ADA