Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano?

Pseudonymous crypto trader and analyst Capo tweets that Cardano (ADA) is bound to go on a massive downward trend. This popular crypto trader with over 307,500 followers on Twitter predicted a massive plunge before the coin finishes its five-waved downward trajectory following the Elliott Wave Theory.

Timeline of Cardano

The Cardano price analysis for today reveals bulls are trying to divert the bearish pressure. ADA/USD price has recovered up to the $0.537 level as bulls made a comeback after bearish dominance observed at the start of the trading session.

Bitcoin was unable to rise after a few weeks of consolidation and eventually broke to the downside. As a result, there was a significant liquidation, and the largest coin by market cap dropped below the important support level of $30,000. Cardano (ADA), on the other hand, has achieved a solid rebound in the last 24 …

A widely followed crypto trader is predicting further corrective moves smart contract platform Cardano (ADA) and one of this year's trending altcoins. Pseudonymous crypto analyst Capo tells his 307,500 Twitter followers ADA is poised for another leg down before it completes its five-wave downtrend, based on the Elliott Wave theory. “ADA Fifth wave missing. Main The post Top Crypto Analyst Predicts Massive Price Dive for Cardano, Says One Solana-Based Altcoin Will ‘Go Down to the Basement' appeared first on The Daily Hodl.

On Thursday (May 12), Dan Gambardello, Founder of Crypto Capital Venture, said that Cardano is “silently positioning itself as the most sound, secure, & scalable blockchain.” On May 12, Gambadello, who has long been a huge fan of Cardano and is a respected member of the Cardano community, told his over 225K Twitter followers: Gambadello

Cardano price analysis shows price entering the red zone once again after it was felt that the market crash initiated on May 9 2022 would be over. ADA price fell just over 10 percent during the day's trade, dropping as low as $0.52.

Cardano, one of the most promising ecosystems has witnessed significant developments since its inception. These updates directly or indirectly had affected (aided) the native token, ADA's price.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. There have been some positive developments behind Cardano in the past few days.

On Friday (May 13), Sebastien Guillemot, who is the CTO of blockchain company dcSpark — as well as the former VP of Engineering & Cardano Product Manager at EMURGO — told the crypto community about his “super cool” new side hustle. What Does dcSpark Do? In case you are wondering what dcSpark does, according to its development team,

Widely followed crypto analyst Michaël van de Poppe says the markets are bouncing back after a rough week, starting with Bitcoin (BTC). Analyzing the top crypto asset by market cap, Poppe predicts BTC bumping back up to the $34,000 range is possible soon. “Bitcoin held the crucial level, which is great.  Looking to see whether it can The post Bitcoin and Crypto Markets Pop – Here's What's Next for BTC, Dogecoin, Cardano, Polygon and Fantom, According to Michaël van de Poppe appeared first on The Daily Hodl.

ADA's Hoskinson predicts that the downfall of the stablecoin project doesn't really mean the end of crypto although the situation looks quite grim over the past few days so let's read more today in our latest Cardano news. Bitcoin plunged to a 16-month low while the altcoins crashed harder in the past week or so.