Furthermore, the Vasil hard fork, which is expected to be a "big upgrade" is planned to be implemented in June.
The above in combination with a good risk reward ratio at current price could mean a good gamble for the short term.
There are some analysts that predict the price could see more downturn to $ 0.50 cents range. However, that is probably base purely on technical analysis.
Nevertheless, if you liked ADA at $1 you'll like it even better at this range, even if you feel that you don't.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.