• Cardano fell 3.22% on Wednesday, to the lowest level this year, at $0.25

• Santis statistics show that the total number of bears has been reduced and out of control

• The ADA market price is very negative and may decrease

Cardano On Wednesday, the price of ADA/USD fell 3.22% to 0.25 US dollars, which seems to be the lowest. The price is the lowest this year, and ADA is still likely to fall further. However, Santiment data may be expected again, although ADA duopoly will disappoint the market price.

According to Santiment, ADA merchants have run out of money, while cryptocurrencies are "obviously underestimated". With ADA trading in low bottom and higher system, Santiment emphasized that the marketing ability has decreased. Insight service platform shows that with the token sliding down once, the coins marked as money loss on the network decrease. With the slow loss of energy in empty orders, this is understood as the most powerful sign of reversal.

In addition, the total number of whales in Cardano has been increasing in the past six weeks. But as you know, Cardano saw whale activity most of the time in 2021. It is understood that whales are deeply attracted by Cardano's undervaluation. However, this does not indicate the short-term market price, because it is generally believed that whales will accumulate for a long time.

ADA creates the lowest price

ADA/USD data chart (by TradeingView)

On the daily curve, Cardano maintained a safe channel for decline with limited resource price rise. The price is mainly traded at the bottom of the downtrend category, indicating that both sides are hesitating. RSI indicates that ADA is oversold at this stage.

Which way, Cardano?

It may be too early nowSHOP ADAAlthough Santis data shows that bears are already exhausted. There was no obvious upturn, and everyone maintained a downward trend. From a technical point of view, the static air of the glide path is an important confirmation of the upside reversal.

Where to buy ADA

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