As for ADA, I also said on the 17th that the lowest price would be around 0.81, but it turned out to be a little wrong. The daily price reached around 0.76, a difference of 7%, which is acceptable. It has begun to rebound. The current price is around 0.86 #圣诞行情预测 $ADA
$ADA It's time to perform acrobatics. Watch me catch the flying knives for you. First, catch one knife. If the price of 90,000 does not stop falling, catch another knife at more than 80,000, and finally catch the last knife at around 70,000. I have already caught the ada eth doge currency standard and doubled the long position. See how much food God gives me.
The interest rate cut was responded to early yesterday
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Tonight, an interest rate cut will be announced, with a 70% probability of a rate cut. The market should rebound and rise after 10 o'clock. Let's wait and see when we get home, the usual will not be less than 1U, we will see after 10 o'clock.
Internal and External Pressures? ADA Whale Activity Hits Record Highs! Aiming for the $2 Mark!
Despite the optimistic market sentiment, ADA has dropped by 2.84% in the past 24 hours. Nevertheless, the asset still maintains a weekly gain of 4.59% and has risen by 47.55% over the past month.
The increase in investor activity and the decrease in the supply of ADA on exchanges may lay the groundwork for a price reversal, pushing the asset to higher levels. Surge in whale trading indicates rising confidence As of the latest statistics, the Cardano network has processed 687 transactions worth over $1 million in the past 24 hours. This increase is attributed to institutional investment and whales re-holding ADA tokens. When the currency trades within a relatively narrow range, Cardano's trading volume has been increasing, indicating that ADA's price is beginning to rise.
The interest rate cut benefits were already anticipated yesterday
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The market continues to push for new highs tonight while the altcoins continue to bleed 🩸🩸🩸. How should we layout next?
#BTC The big coin just broke the new high hitting 108300 and started to pull back. It's just in time as the US stock market opened low and continued to drop, and the market followed suit, hitting a low of 105670 before starting to rebound. 105000 here can also be considered a support level. If it breaks below here, it could drop to around 103200. In the short term, the big coin remains strong, with both lows being raised and highs also trending upwards.
#ETH The second coin also dropped with the big coin, hitting a low of 3913, and is currently rebounding to around 3930. There is still support around 3910. If you don't have a position, this is a good place to build a head position. If it drops further to around 3850, you can add another position. As long as it doesn't drop below 3800, don't stop loss; for profit, you can aim to break above 4100.
Forecasting the market trend for the next two days, there will be an interest rate cut at midnight on the 19th. If there is no rebound before the rate cut, there may be a rebound after the cut. First, the second coin needs to break above 4100, then the altcoins will rebound because they have been steadily declining for many days. The rate cut is favorable for a FOMO rebound, then around the 25th, it will slowly pull back and continue to decline towards the end of the month.
For those without positions in altcoins, you can build positions if they drop tonight. For those with positions that have dropped significantly, you can add a bit more.
If you don't have these two altcoins, you can also pick up a bit of spot. #ETHFI current price 2.65, #EIGEN current price 5.15. Start with a head position, and if it drops more, just add another bit. Once there's a rebound in the next few days, you can sell off.
Pay close attention to the Federal Reserve's interest rate decision at 3 AM on the 19th. Normally, barring any surprises, it should be a 25 basis point rate cut.
Ethereum Analysis Today Ethereum Market Reminder Be patient and wait for consolidation, Our long positions have no issues. A pullback is definitely expected, then long positions can be closed to short.
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Every callback of $ADA is a great opportunity to enter; this old coin won't hesitate at all. I will just hold my spot and wait for the performance in the first quarter.