Analytics

Can ADA Community $650K Catalyst Prevent Cardano Price Crash?

16.08.2024

Cardano price broke below a crucial support level on August 15, confirming a bearish bias. Three support levels were in place to cushion the price of ADA from a steep fall, with bears already conquering one of them. This happens against the backdrop of the Cardano community coming together to increase publicity for their unofficial chain meme, SNEK. The role of memes in the success of mainnet coins cannot be underplayed, as has been evident in Ethereum, Solana, and Ton networks. Meanwhile, whales have set their buy limit orders at specific prices where they think ADA price might rebound.

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16.08.2024
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