The recent market correction hasn’t been kind to Cardano (ADA). After the latest sell-off, ADA’s structure suggests the decline might not be over yet. The coin seems to be entering the early stages of a new corrective phase, which could lead to lower prices before a true recovery begins. ▶️
Long-Term Outlook:
For those planning to invest heavily in Cardano, patience could be key. It may be wiser to wait for a cheaper entry point the potential start of the next bullish cycle. This strategy allows investors to position themselves around stronger support zones rather than entering during volatile declines. 📉
Short-Term Trading Plan:
While the long-term picture looks uncertain, short-term traders can still find opportunities. Based on the current roadmap, ADA may be forming wave B, where a significant support area could slow sellers and trigger a temporary bounce. This short-term window could provide quick-trade potential before the broader trend resumes. 💱
Cardano’s trend remains fragile, but volatile phases like this often create the best opportunities for disciplined traders. Keep a close eye on key support levels and wave patterns, they’ll reveal when ADA is ready to make its next significant move.
