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Cardano at $0.16: Will the FOMC Bail Out ADA Price or Bury It?
['Isaiah Mccall']
International Business Times
It sits roughly 95% below its all-time high, a $5.6 billion shell of the top-10 giant it used to be.
So the question splitting analysts is blunt: does a dovish surprise finally bail out beaten ADA holders, or does history repeat and Cardano sells the news again?
The 50-day EMA near $0.175 clusters with the 23.6% Fibonacci level at $0.173 just below it.
If Warsh sounds hawkish or hikes, $0.162 support cracks and ADA slides toward $0.139 and the June low with little in between.
So the real question for Cardano holders: is the Fed a lifeline, or just the next excuse for the market to sell ADA one more time?