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Заголовок Cardano (ADA) Investors Pinning Hopes on $1.87 Billion Profits May Be Expecting Too Much
Дата 20241007

Этим цветом    обозначаются известные системе слова и выражения, принимавшие участие в анализе данного текста, а таким    - идентифицированные, то есть соотнесенные с каким-либо объектом онтологической базы

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Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano (ADA) Investors Pinning Hopes on $1.87 Billion Profits May Be Expecting
Too Much

Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano’s (ADA) price has increased by a modest 3.85% in the last 24 hours.
This hike has brought back hopes that the altcoin could produce gains for
investors who purchased the token at a higher value than its current price.

While optimism surrounds ADA s potential growth, technical and on-chain
data suggest that such ambitious profit targets might be unrealistic. Here is
why.

Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Sets Holders Up for Disappointment

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Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano’s recent increase has ensured that the price did not pull back to
$0.30. While it trades at $0.36, the Global In/Out of Money (GIOM) shows that
those who accumulated ADA between $0.36 and $0.39 are still holding at a loss.

For context, the GIOM categorizes addresses and volumes based on their
profitability. By showing this aggregate, the indicator can spot resistance
and support areas that could either help accelerate the upswing or invalidate
it.

Typically, the larger the volume (clusters), the stronger the support or
resistance. As seen below, 373,000 addresses that accumulated 5.21 billion ADA
at an average price of $0.37 are out of the money. At current prices, this
volume is worth $1.87 billion and is larger than those holding ADA in profits,
which purchased around $0.35.

Read more: How To Buy Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano (ADA) and Everything You Need To Know

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Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano GIOM. Source: IntoTheBlock

Based on the conditions above, it is highly unlikely that ADA will reach $0.39
in the short term due to this supply zone. As such, some of these Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano
investors might fail to achieve the profitable status desired.

Another indicator suggesting a Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano price decrease is the Bull Bear Power
(BBP). The BBP compares the strength of buyers (bulls) with that of sellers
(bears). When the indicator’s reading is green, buyers are in control, but if
it is in the red, sellers are dominant.

On the daily chart, there is a slight green histogram bar. However, it is
nothing compared to the red ones, suggesting that bulls are yet to match
bearish control. Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Bull Bear Power. Source: TradingView

ADA Price Prediction: No More Appreciation

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Following its recent jump, ADA is approaching two major supply zones: one at
$0.42 and the other around $0.50 . An analysis of the daily chart shows that
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano might face resistance around $0.37.

If validated, this could send the token’s value down to $0.34 support. If
bulls fail to defend this support, ADA’s price might see another decline, and
the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта’s value could tank to $0.31.

Read more: 6 Best Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano (ADA) Wallets You Should Consider in October 2024
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Daily Price Analysis. Source: TradingView

On the flip side, Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano could resist going down to that point if the
strength of buyers improves. Should that be the case, the Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano’s price
might breach $0.42 and head toward $0.50.

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In line with the Trust Project guidelines, this price analysis article is for
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