Cardano Sentiment Crashes To 5-Month Low As ADA Defends Key Price Level
Cardano’s mood music has flipped. Even as ADA has rebounded about five percent from its late-August lows, on-chain analytics firm Santiment says the asset’s typically optimistic retail crowd has swung to its most negative stance in five months. In an X post accompanying its sentiment chart, the firm wrote: “Cardano has quietly seen its normally optimistic crowd start to turn bearish. After the lowest sentiment recorded in 5 months, $ADA’s price is +5%. Patient holders and dip buyers during this three week downswing should root for this trend of bearish retailers to continue.”....
Related News
Dogecoin currently boasts a bearish outlook, having dropped below the $0.30 psychological level and is now at risk of losing the $0.20 level. This bearish outlook is further strengthened by a drop in DOGE’s social sentiment, mirroring Ethereum, which has also suffered significant price crashes. Dogecoin Mirrors Ethereum As Social Sentiment Tanks In an X […]
The recent Bitcoin (BTC) price correction has sent ripples through the broader cryptocurrency market, pushing many assets into the red. On Tuesday, Bitcoin fell below $110,000, marking a 12% decline from its all-time high. Experts are now warning that the situation could worsen as October approaches. Crypto Market’s Imminent Downturn Market analyst OxPepesso took to the social media platform X (formerly Twitter) to explain his decision to liquidate all his crypto holdings by October. He identified key factors based on historical patterns that influenced his decision. According to the....
Cardano has begun another rally that has positioned it comfortably above $2. This recent change comes after the digital asset had taken a beating down over the past few weeks that has placed it in a continuous downtrend. Cardano was not isolated in this as the broader crypto market had seen numerous crashes and dips that dragged their value down. But as the trading day draws open on Friday, the crypto market has made significant recoveries that have pushed the market back into the green. In the early hours of Friday, ADA price climbed about 8% to once again break the $2.2 resistance. The....
After experiencing months of slow action, the Cardano price is now flashing major bullish signals as it approaches a critical breakout level. Citing historical patterns and recent chart formations, a crypto analyst predicts that Cardano could rally by a staggering 300% if it successfully breaks through key resistance levels. Cardano Price Poised For 300% Rally […]
Cardano (ADA), as it appears, is one of the altcoins which have failed to capitalize on the short-lived rally of the crypto market to once again push its overall valuation to above $1 trillion. In fact, the cryptocurrency was surpassed by Dogecoin in terms of market capitalization as ADA now ranks 9th in that particular list having a total cap of $14.30 billion. At press time, according the data from Coingecko, the asset is trading at $0.4101 and is up by 5% over the last seven days and by 20.1% for the past two weeks. However, one glaring problem with Cardano right now is its 6.1% decline....