While ADA seems to be in a long consolidation after it previously pumped to it's ATH couple of months back, it is remarkably stable and has continued to hold support.
This could be explained by low liquidity of ADA as majority of it is staked.
At present, ADA seems to be hovering around the 2$ mark and almost seemed to have no effect due to it's smart contracts deployment. I'm expecting when the projects announcements on Cardano start to come, we'll see ADA price move. This might happen in the beginning of December 21.
With the same parallel channel in log scale methodology, ADA should see a pump which will eventually take it to 10$ or beyond.
If you're bullish on ADA in long term, good time to stock up.
This could be explained by low liquidity of ADA as majority of it is staked.
At present, ADA seems to be hovering around the 2$ mark and almost seemed to have no effect due to it's smart contracts deployment. I'm expecting when the projects announcements on Cardano start to come, we'll see ADA price move. This might happen in the beginning of December 21.
With the same parallel channel in log scale methodology, ADA should see a pump which will eventually take it to 10$ or beyond.
If you're bullish on ADA in long term, good time to stock up.