Potential ADA Breakdown. Opportunities in a green market
ADA still appears to be in a long accumulation phase with no signs of price movement to the upside in the near term. We could see a short term test of the 200 day SMA and up to another 18% draw down. While other assets in the digital space are entering price discovery, many retail investors will be looking to rotate into higher cap assets as the FOMO starts to build. While other assets take the spotlight over the next few months, this could be a great time to buy ADA at a substantial discount.
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