Prominent crypto analyst Ali Martinez is drawing parallels to Cardano’s (ADA) current market structure with the 81% downturn earlier for one simple reason. The Prominent crypto analyst Ali Martinez is drawing parallels to Cardano’s (ADA) current market structure with the 81% downturn earlier for one simple reason. The
Cardano Alarm: Last Time This Happened, ADA Plunged 81%
Prominent crypto analyst Ali Martinez is drawing parallels to Cardano’s (ADA) current market structure with the 81% downturn earlier for one simple reason. The Moving Average Convergence Divergence (MACD) trend-line has just crossed over to the bearish zone. https://twitter.com/alicharts/status/2002847040896983508 Last time that occurred, Cardano’s (ADA) price slumped by 81%, while the current market dip has already manifested itself in a 32% pull-back. Mostly driven by Bitcoin’s (BTC) dip to $85K, but not just that. Are other key on-chain stats falling in place with this dim theory? Mostly Bearish, But One Key Metric Favors ADA The Exponential Moving Average (EMA),
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