Lookinf at whats happening now its a matter of holding the line. I could see thi .95-1.05 range being crucial for ADA to hold.
If this breaks below .90-.85 cents for more than just a wick we could be into some real trouble.
I am interested to see if any new "hype" news starts coming about ADA to change the story and get people excited about ADA yet again... Since the 3 dollar hype train was all around smart contracts. Ideally many speculate to $5 this cycle and we would need to see some pretty convincing stories and press releases as to how and why we would get a 5x from current prices.
The 1..786 extension fib would get up to around 5.50 which I could see be the target for many but then see that target fall short to the 4.75 to 5.00 range..
But I also have no idea what I am talking about and we are now seeing a strong connection with bitcoin to the stock market and if the stock market goes bear so will the more risk on assets.
If this breaks below .90-.85 cents for more than just a wick we could be into some real trouble.
I am interested to see if any new "hype" news starts coming about ADA to change the story and get people excited about ADA yet again... Since the 3 dollar hype train was all around smart contracts. Ideally many speculate to $5 this cycle and we would need to see some pretty convincing stories and press releases as to how and why we would get a 5x from current prices.
The 1..786 extension fib would get up to around 5.50 which I could see be the target for many but then see that target fall short to the 4.75 to 5.00 range..
But I also have no idea what I am talking about and we are now seeing a strong connection with bitcoin to the stock market and if the stock market goes bear so will the more risk on assets.