It’s not every single day that Ansem, a dealer who has earned a strong fame over the previous yr as one of many sharpest minds within the crypto house – particularly recognized for his concentrate on Solana – turns his consideration to Cardano 
ADAUSD. However right here we’re, with the knowledgeable dealer releasing an in depth ADA worth outlook that’s turning heads, primarily as a result of it doesn’t precisely scream optimism.
The chart he shared paints an image of ADA trapped in a downtrend, with decrease highs and decrease lows stacking up over the previous few months.
The $0.7786 stage, recognized as a key resistance zone, has been a brick wall for ADA, with the worth repeatedly bouncing off it. This means that sellers are in management each time the worth makes an attempt to push greater.
What is interesting, though, is what is missing from the chart – no flashy indicators like moving averages or RSI, just raw price action telling a story of consolidation and indecision.
Right now, ADA is trading within a range, and Ansem believes it is at a crucial crossroads. Either it continues below the current support and heads toward $0.4, or it somehow finds the strength to break above the stubborn $0.80 resistance and flip the script, if the price manages not to take a roundtrip.
But here’s the catch – Ansem is not holding his breath for a miracle breakout as his general outlook on the crypto market has been bearish for some time, and this Cardano analysis fits right into that narrative.
Without some major fundamental shift to shake things up, he seems to think the path of least resistance is down, and a 50% drop from current levels is not off the table.
