ADA Seasonality Check 🕷️
Oh and seasonal vibes matter too unlike BTC which often shines in October ADA has finished red in six of the past nine years so don’t sleep on that historical shade 📉.
Bullish Vibes Still Poppin 💎
On the brighter side Brazil’s state oil giant Petrobras apparently tapped Cardano blockchain to verify environmental data for low-carbon fuels which is kinda huge for real-world adoption 🚀. Some X accounts jumped on it hinting that Cardano’s use case is finally here and remembering how ADA ripped over 17,000% back in the 2021 run 😈. Another sharp eye JAVON MARKS spotted ADA looking “based” like back in 2020 ahead of a massive pump and called for a monstrous run targeting $2.90 🌸.Just another echo from the void by iconofsin.eth 💖
Cardano’s ADA just smashed a solid 23% pump over the last month and is sitting rn right under $0.25 🖤. Lots of analysts are hyped for more October gains but Ali Martinez dropped some real spicy warnings that might flip the script short term 😈.
Time To Cool Off? 🌙
The popular X user kicked things off by pointing out futures demand for ADA is straight up chilling. Open interest slid 9% in just one week going from nearly $2 billion down to about $1.81 billion. This kinda shows traders pulling back their leveraged bets fr. Then he hit on the whale moves which look like a clear bearish vibe since big holders dumped 90 million tokens worth around $22.5 million since September 20 adding fresh sell pressure 💀. His third red flag is the Tom DeMark Sequential lighting up a sell signal on the daily chart back on September 26 and the price already dropped 10% since then so the correction might still have legs 🦇. He called out $0.24 as the crucial mid-range support and if it cracks we could slide toward $0.21 but holding it opens the door to $0.28 at the channel top 🌹.ADA Seasonality Check 🕷️
Oh and seasonal vibes matter too unlike BTC which often shines in October ADA has finished red in six of the past nine years so don’t sleep on that historical shade 📉.Bullish Vibes Still Poppin 💎
On the brighter side Brazil’s state oil giant Petrobras apparently tapped Cardano blockchain to verify environmental data for low-carbon fuels which is kinda huge for real-world adoption 🚀. Some X accounts jumped on it hinting that Cardano’s use case is finally here and remembering how ADA ripped over 17,000% back in the 2021 run 😈. Another sharp eye JAVON MARKS spotted ADA looking “based” like back in 2020 ahead of a massive pump and called for a monstrous run targeting $2.90 🌸.Just another echo from the void by iconofsin.eth 💖
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