Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cardano Forum => Topic started by: Rockalo on October 14, 2021, 03:52:06 PM
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Last week, the price of Cardano (ADA) continued its downward trend as the altcoin fell to a low of $2.09. Cardano's recent decline is due to the failure of buyers to sustain bullish momentum above resistance at $2.40.
Buyers were beaten back at this resistance three times before the downtrend kicked in. Bulls have a tough task ahead to keep ADA above $2.40 resistance. Cardano also lacks buyers at higher price levels. The recent drop was a rejection of the high at $2.14. Perhaps this will push the altcoin to the low of $2.05. However, if the bulls fail to hold above the $2.0 support, Cardano will continue to fall to the previous low at $1.91. More information please click here
(https://coinidol.com/cardano-continues-decline/)
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Cardano's price has decreased because the cryptocurrency market has always been the same as it used to be since 2013 which goes up and down like a motorcycle piston to keep moving over time.
We have to realize that because Cardano really will be something very valuable in the future because I really hope for Cardano after launching the new Smartcontracts system yesterday.
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The fact that the ADA price has dropped a little does not mean anything, since the cryptocurrency market is very young, and therefore very volatile, so there is no need to worry about this, at this time it seems to me that seeing how Bitcoin grows, all the money flows into him. But as soon as the dominance of bitcoin begins to decline, then I have no doubt that such a promising token as ADA will continue its journey north.
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The fact that the ADA price has dropped a little does not mean anything, since the cryptocurrency market is very young, and therefore very volatile, so there is no need to worry about this, at this time it seems to me that seeing how Bitcoin grows, all the money flows into him. But as soon as the dominance of bitcoin begins to decline, then I have no doubt that such a promising token as ADA will continue its journey north.
dropped little when bitcoin is going down, that normal.
No matter with it.
Cardano is suitable for long term investment, So don't worry. Cardano will go up again soon.
I believe it.
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Cardano's price has decreased because the cryptocurrency market has always been the same as it used to be since 2013 which goes up and down like a motorcycle piston to keep moving over time.
We have to realize that because Cardano really will be something very valuable in the future because I really hope for Cardano after launching the new Smartcontracts system yesterday.
Yes, I agree. Cardano has been predicted will have future brighter than now. After launch smart contract platform , cardano is more valuable.
I think we should buy more cardano and starting to hold.
Cardano will give you benefits at the coming years
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All cryptocurrency markets are always like that, going up and down, of course, opposite each other because the price of Cryptoucrrency is never stable, especially Cardano coins which are not centralized unless they are centralized and created to be stable like USDT, USDC, and BUSD.
Just keep an eye because this Cardano coin has a uniqueness that we should learn and continue to develop by Charless Hoskinson with all his heart.
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if we take into account the whole market today, then we will see that the entire cryptocurrency is falling due to bad news, so the rate of coins is obviously also lower than we expected, but I am sure that this is not the end of growth
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Cardano is also still a normal coin position because Cardano coins are still as usual like other altcoins when getting FUD then Cardano coins will also be dumped, especially when the market is all dumped the result will also be red.
We no longer need to hesitate to choose the Cardano coin because I am sure that this decline will only be short and I see this Cardano coin very well worth investing in for a long time.
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I also think the same, what's the problem with ADA? The price cannot increase significantly although there is much good news about it. I assume ADA may lose people's trust since no good price move. People prefer buying metaverse or gaming coins now, these coins prices can grow fast. While ADA seems stuck, not sure what's the real problem is.
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I started my foray at the ATH , thinking in US Dollars that is the mistake I made , you have to step across the Rainbow Bridge and think 1ADA = 1ADA , you have to think about it differently , The ADA Ecosystem payments , Loans , all in the ADA ecosystem and Economy , that we can create .
Best thing to do is HODLE and STake. Project is good and holding is worthy.
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I also think the same, what's the problem with ADA? The price cannot increase significantly although there is much good news about it. I assume ADA may lose people's trust since no good price move. People prefer buying metaverse or gaming coins now, these coins prices can grow fast. While ADA seems stuck, not sure what's the real problem is.
Keep calm mate, every investors also confused about cardano, because after launch smart contract platform, ADA price didn't shown good increase.
It seems struggle.
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I see not only cardano most of the coins in the crypto currency market decline stage as we know that btc price dumping so every coin in the market get down. Cardano is one of the coins which decrease less price among all others coins. It is fundamentally very good project which have more potentiality.
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I see not only cardano most of the coins in the crypto currency market decline stage as we know that btc price dumping so every coin in the market get down. Cardano is one of the coins which decrease less price among all others coins. It is fundamentally very good project which have more potentiality.
The whole market is red and same goes for the ADA because BTC is down and this dumped effects on the whole market, so if someone is thinking for the investment then they have to wait for the possitive indication.
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Many doubt, fear and worry that if the Cardano coin drops in price, it will cry. This is just a joke. lol
If the Cardano coin has gone down then it is just a correction and for sure it will make the Cardano coin even more expensive in the future.
I am also sure that this decline in Cardano coins will become even more popular in the future because of course in the future Cardano coins will become expensive.
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I don't think the recent Ada price drop is strenge because the entire market is down too. One thing most people has to learn and understand is that altcoins follow Bitcoin prices movement m most times. As a matter of facts, Bitcoin drives the crypto market and the current price down trends is as a result of Bitcoin drop, and allmost all coins on them market follows the Bitcoin ups or downs movements. and If you look at the current market situation, you could see many coins are following the BTC trends (technical charts).