ADA is Sinking
Cardano’s native coin (ADA) has dived below the crucial support at $0.25. The ADA has tried to recover above this level in the middle of September, but surrendered without any further attempts in the last seven days. The coin demonstrates low volatility below this threshold. There are no indications of any significant development activity in the network. The funny thing is that ChatGPT when it was asked to forecast the ADAUSD it presented a $1000.00 per coin estimate by the end of 2023. Well, I will not go that far, as I believe that there are no reasons that would hold the coin from going down to the next support at $0.20.
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