ONLY WAY IS UP - SUNDAEHear me now, the only way is up for SUNDAE. May drop down to the .004cent range but that will be a perfect buying opportunity.
- current market cap is 12million
- current TVL is 14.3million
- Sundae Labs is already familiar with Hydra (which is under construction) but would drastically reduce fees and increase transaction speed
- Governance to come
- Reduced fees for SUNDAE holders to come
SUPER UNDERVALUED. This will likely be a 200million DEX at minimum during the next bull run
Sundaeswap
SUNDAESWAP #SUNDAE still controlled by the PitchfanBut I do expect to escape it's shackles soon enough!
Sundae is still down nearly 99% - and highlight's how timing when a #Crypto is launched is critical to painting an attractive chart. Launching during the bear market - this stood no chance of going up.
But the risk reward on offer is hugely attractive for new buyers (at the pain of early investors of course)
As a leading #DEX on #ADA this has a very good chance of performing decently this cycle. IMHO.
#Cardano Inverse Head and Shoulders projects to 75 cents ... #ADA looking good for a nice move
perpetual traders may fuel this rise in a very rapid fashion
#Sundaeswap
is your leveraged play on ADA ... and given it is a low marketcap a great way to play this run without leverage
Spot holding will be very fruitful!
Cardano sideways movementWe will most likely see ADAUSDT range between 1.1-1.4 USD fundamentally for the rest of January.
Cardano has been on a downtrend for the past 3-4 months and is looking for another break to the upside.
Reasons
- Highly anticipated launch of Sundaeswap which had some tx issues because of clogged network
- Overall Crypto market in a dip
- Tech stocks first drop since the first covid dump
- Retail traders taking a big hit
Once the market has stabilized and with the release of their first DEX, Cardano could see an uptrend with new ATH.
- Mayo
Sundaeswap 🍨SundaeSwap is the sweetest decentralized exchange on Cardano and aiming to be the platform for future financial innovation.
Launching tomorrow, one of the highest anticipated dex's of 2022.
Ada recently retraced in this local area to the 0.50% fib level, possible it makes it down to the 0.618, but i doubt it will.
targetting the -0.236 algo target at $1.81.
i'm sure it can go a lot higher, but that's my trade.
🍨
Support found at previous resistance and current trendlineI am not a financial advisor, this is not financial advice. I have been trading for 9 years now. Support for Cardano can be found at 1.47 where the previous resistance is found. I have noted all resistance and now current support. This does not mean we may not find further downside, it relies on BTC . However, this MAY be the bottom for Cardano . Furthermore, fundamentals for Cardano may be in favor for ADA. Projects such as SundaeSwap and MuesliSwap when live, will provide more liquidity to the network, forcing new investors to purchase ADA in order to swap new high risk/high rewards Cardano tokens. This will spark the new surge for ADA. Keep an eye at 1.47, if support is broken, may be good buying opportunity because those prices will be short lived.