The crypto markets are turning greener as Bitcoin (BTC) prices continue to trade above $17,000. However, the bears continue with their attempt to maintain significant pressure that has compelled the price to remain within the consolidated range. Meanwhile, the short-term projections for Cardano’s (ADA) price are significantly bullish, as a rise beyond $0.33 is quite possible until the coming weekend.
ໄດ້ ລາຄາ ADA continues to remain under bearish captivity as the current bounce is witnessed as yet another lower high within a descending trend. A popular analyst, Benjamin Cowen, believes that Cardano may continue to drop significantly further. Cowen, ໃນວິດີໂອໃຫມ່ຂອງລາວ, says that the bear-market resistance band is offering resistance from where the ADA price is facing constant rejections.
"ຈຸດທີ່ຂ້ອຍພະຍາຍາມເຮັດຢູ່ນີ້ແມ່ນວ່າ Ethereum ໃນຮອບວຽນທໍາອິດຂອງມັນ, ໃນຕະຫຼາດຫມີທີ່ສໍາຄັນຄັ້ງທໍາອິດ, ຫຼຸດລົງປະມານ 95%, ແມ່ນບໍ? ແຕ່ ADA ໃນຕະຫຼາດຫມີທໍາອິດຫຼຸດລົງເກືອບ 99%, ແມ່ນບໍ? ເທົ່າກັບ 98.75%. ຖ້າ ADA, ເວົ້າວ່າ, ມີການສູນເສຍຫນ້ອຍລົງຫຼືບາງສິ່ງບາງຢ່າງໃນຕະຫຼາດຫມີນີ້, ແລະເວົ້າວ່າແທນທີ່ຈະຫຼຸດລົງ 98%, ເຈົ້າຮູ້ໃຫ້ເວົ້າວ່າມັນເປັນວົງຈອນຫນຶ່ງຫລັງ Ethereum, ໃຫ້ສົມມຸດວ່າມັນຫຼຸດລົງ 94% ຫຼື 95%.
ການຫຼຸດລົງ 95% ຈາກຈຸດສູງສຸດຕະຫຼອດເວລາຈະເຮັດໃຫ້ ADA ຢູ່ໃນລະຫວ່າງ 10 ຫາ 20 ເຊັນ, ແມ່ນບໍ? ນັ້ນແມ່ນບ່ອນທີ່ມັນຈະເຮັດໃຫ້ມັນໃນທີ່ສຸດ.”
The analyst believes the Cardano (ADA) price may bottom around $0.1 to $0.2, somewhere in 2023.
Source: https://coinpedia.org/price-analysis/cardano-ada-price-may-find-its-bottom-at-around-0-1-in-2023/