Cardano (ADA) has officially made a lower low to prices not seen since January 2021.
Ever since the April/May drop, ADA has failed to achieve much upward movement, even during BTC’s bear market rally to $25k.
Recently, the price of ADA has reached $0.3750, which has not happened for the coin since the beginning of the crypto bull market January 2021.
If CPI data dumps the market, we could see a $0.30 ADA in the near future, as there is not much support below these levels.
Do I still hodl some? Yes. Not a humongous bag, but enough to find this price movement interesting to say the least. I still believe this coin will survive this bear, and possibly thrive in the next bull. However, as we all know in this space, there are no guarantees.
This next week shall be interesting for Cardano.
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