Ah, the market, that fickle mistress! As the weekend approaches, it seems to be taking a leisurely stroll downwards, as reported by none other than CoinMarketCap.
ADA/USD
In a display of dismal enthusiasm, the rate of Cardano (ADA) has plummeted by a staggering 4.76% in the last 24 hours. One can only imagine the traders in tears, or perhaps laughing maniacally at the absurdity of it all.
Observing the hourly chart, one discerns that ADA is trundling towards its local support at a mere $0.3070. Should the daily bar decide to close at these dismal heights or lower, we might witness a delightful correction, nudging us towards the $0.30 realm by tomorrow. What a charming prospect!
As we gaze into the larger time frame, one notices the absence of any reversal signals-like a party without music. If buyers remain as timid as a mouse in a cat’s presence, traders may find themselves watching in horror as prices descend to the nearest support at $0.2756.
This amusing scenario will likely persist until the end of our treasured weekend.
From a midterm perspective, one finds a similar tale of woe. Should the nearest support give way, we might gather enough energy for a more profound plunge into the abyss, perhaps reaching the $0.20 range-a true comedy of errors!
At this very moment, ADA is trading at a riveting $0.3099. Hold your breath!
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2026-01-31 17:52