ADA may drop hard

Hello fellows

After the last analysis i made for cardano, iam still waiting for a huge investment on long term basis

but

ADA breached the demand zone stated before and is ready for another drop

It is true that the market is flooded with FUDs
Now... technicals and fundamentals are showing drop in ADA

Maintaining the demad zone (0.29$-0.31$) was important because it was a critical support level, but it didnt make it

We cant ignore that the market's price action is driven down by bears, ADA is losing more than other coins

ADA is also trading below 100MA on 1D T.F., this indicates more bearish signs

If the market remains bearish then we could see 0.1$ for ADA!!, then i highly recommend buying at this point and HODL-ing for huge profits later

I still believe in this coin, but on short-term iam bearish

If you like the post BOOST mates!

Disclaimer:
We are not giving any financial advices, we are giving opinions and ideas