A key level for the fib retracement has been lost, which means you could argue that the bull narrative is no longer in tact; ada is well a truly in a down trend. If $1 proves to be a huge resistance, im thinking the price could fall to the 0.3-0.5 area and the lower resistance of this falling wedge .

We have seen the bullish divergence for both ADA/USDT and ADA/ BTC play out, which was great and saw us bounce from 0.78 area, but wondering if that is simply a bounce and doesn’t mean a full reversal.

Lets hope the capitulation we see here, and also on the ADA/ BTC chart is exactly that, and we can go back up (where ada should be)

As said before, I think ADA ( Cardano ) is a very strong project with a strong team behind it.