Alright folks, buckle up because even though some coins are flashing green like they’ve had one too many kale smoothies, the market today is mostly a seller’s party – and you’re not invited, says our ever-reliable friend CoinStats.
ADA/USD
Cardano (ADA) decided to play hard to get, dropping a modest 1% in the last 24 hours because apparently, it’s not a morning person.
Looking at the hourly chart, ADA’s vibes are straight-up bearish – it’s cozying up near the local support at $0.8203 like it’s avoiding your texts. If it decides to ghost and break down, your next stop might be $0.8150. Oof.
Zooming out to the bigger picture, neither bulls nor bears are winning the popularity contest. It’s basically the “meh” zone, where the market’s excitement level is somewhere between “Netflix buffering” and “waiting for your coffee to brew.”
Volume is low, which means don’t hold your breath for fireworks or a plot twist anytime soon. This is more like a lukewarm bath than a rollercoaster ride.
From the midterm POV, ADA’s chilling far from the “key levels,” which is crypto-speak for “not doing anything too dramatic.” Keep your eyes on the $1 mark – it’s like the ultimate gatekeeper. Below that, expect some light correction (aka the market’s equivalent of a sigh). But if ADA manages to close the weekly candle above $1, that’s when it might actually get up off the couch and aim for the $1.10-$1.20 zone.
As of this glorious moment of writing, ADA is trading at a not-so-sparkly $0.8255. Stay tuned and keep your hands inside the ride at all times! 🎢
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2025-09-06 18:42