ADA: To $1 or Back to the Stone Age?

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Oh, Cardano. A digital flibbertigibbet, isn’t it? 🙄 September arrives, and lo and behold, the hoi polloi are feeling a bit glum about ADA. Santiment, those terribly serious data fellows, report retail sentiment is at a five-month low. A pathetic 1.5:1 bullish-to-bearish ratio! One shudders at the thought. And yet…it’s *gone up*. Five percent, darling. Five percent! The sheer audacity.

It’s all frightfully predictable, really. August saw the usual silliness: optimism bloomed, and naturally, the price wilted. Fear fluttered about, and up it popped. One wonders if these smaller investors actually understand the game. 🎭

Apparently, the grown-ups – the chaps with actual capital – are quietly topping up their bags while everyone else is having a little cry. So, the long-term outlook remains…resilient. How dreadfully bourgeois.

A Most Unromantic Technical Analysis

Currently, ADA is hovering around $0.82, desperately clinging on after repeatedly warding off the horrors of $0.80-$0.78. One really must commend its stamina. The resistance at $0.84-$0.85 is looking rather imposing, and that 200-EMA is a positively frightful obstacle. But, should the bulls manage a decisive assault on $0.92 – a key Fibonacci level, you understand – then, *then* we might see a giddy dash toward $1.00 and even, gasp, $1.15!

However, a tumble below $0.78 could trigger a descent into $0.74, or even the rather unglamorous $0.70. But fear not! Every dip, it seems, attracts a bit of opportunistic buying. And the TD Sequential is apparently winking at us – a potential buy signal, you see. One must be ever so vigilant. 🧐


The Hoskinson Affair: A Most Unsavoury Chapter (Closed!)

Goodness me, what a kerfuffle! Thankfully, a forensic audit has exonerated poor Charles Hoskinson from those rather nasty allegations concerning a voucher program. Apparently, it was all a dreadful misunderstanding. One breathes a sigh of relief. Imagine the scandal!

Mr. Hoskinson also whispers of exciting new developments – the Midnight Network privacy layer, potential dalliances with Bitcoin – all promising long-term prosperity. And, of course, there’s the delightful prospect of Fed rate cuts and regulatory clarity from the proposed Clarity Act. It practically writes itself, doesn’t it? ✨

The Verdict? Intriguing, Darling, Intriguing.

Cardano, rather surprisingly, has been a rather strong performer of late, boasting gains of nearly 25% over the last 90 days. The Hoskinson drama is behind us, injecting a little pep into the proceedings, but that $0.92 mark remains the crucial question. Will the bulls prevail?

If they can recapture $0.85 and continue their relentless accumulation, a surge toward $1.00 seems plausible. For now, ADA is poised at a crossroads, attempting to balance that rather tiresome bearish sentiment with some undeniably bullish fundamentals. The next move shall, undoubtedly, be terribly decisive. 🥂

Image courtesy of ChatGPT, Chart pilfered from Tradingview.

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2025-09-05 09:06