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Cardano: Can you still ‘buy the dip’?
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Although the crash in Cardano’s [ADA] price initially spelled disaster for token holders, it was also the foundation laid for some yearly highs. According to Santiment, several on-chin metrics, including the volume and active addresses, hit their peaks as ADA recovered between 10 and 11 June.
📈 The #Cardano capitulation happened more notably than other #altcoins during Friday's crash. After prices fell -35% between June 5-9, the #buythedip opportunity came when $ADA volume, address activity, and social dominance all hit 2023 highs on Saturday. https://t.co/GJ1teKN3ed pic.twitter.com/ni5MILllNr
— Santiment (@santimentfeed) June 12, 2023
Is your portfolio green? Check the Cardano Profit Calculator
This hike suggested that there was an increase in transactions and utility on the Cardano network. The price increase, which almost hit 10% within a day, implied a surge in buying pressure. Additionally, it continued to enhance ADA’s overall out-performance of other altcoins.
While the price of ADA has fluctuated of late, the token was still down by 21.23% (until press time) in the last seven days. Perhaps it could be a good idea to evaluate whether ADA’s price levels present a favorable opportunity to enter the market.
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Based on the daily chart, ADA has failed to cross the $0.385 mark since 6 May. Even during a period where it experiences high accumulation, the resistance remained solid, thus pushing back the price.
However, recent selling pressure has affected the value, leading to the price dropping to $0.278. But at press time, bulls were attempting to push the price back to the $0.3 region. Still, this depends on how long the support at $0.262 would hold.
Meanwhile, the Chaikin Money Flow (CMF) remained in the positive region. At 0.50, the CMF indicated the market was in an uptrend.
![Cardano [ADA] price action](https://statics.ambcrypto.com/wp-content/uploads/2023/06/ADAUSD_2023-06-13_06-20-40.png)
Source: TradingView
Source: TradingView
As for the price-Daily Active Addresses (DAA) divergence, Santiment showed that it was -27.27%. Historically, the metric can be instrumental in defining entry and exit points.
For context, this metric explains the relationship between the price and DAA while assessing the way the broader market values a token.
Read Cardano’s [ADA] Price Prediction 2023-2024
This, however, depends on the directional movement of the DAA and price, respectively. Usually, a higher increase in the price than the DAA has proven to be an exit point. And when the price decreases more than the DAA, the same happens.
But with ADA, the DAA was outpacing the price. Therefore, ADA’s price at press time could be close to a short-term entry point, provided the market doesn’t experience significant shake-ups.
Source: Santiment
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14.10.25 08:46
robertalfred175
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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15.10.25 18:07
crypto
Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.
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15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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