Cardano Faces Potential 80% Plunge as SuperTrend Indicator Turns Bearish

Bearish signals flash for Cardano as a key technical indicator flips—raising alarms of a steep correction ahead.

The SuperTrend's Warning

When the SuperTrend line switches from green to red, it's not a suggestion—it's a sell signal. For ADA, that flip now points toward a potential downside target that would erase most of its recent gains. We're talking about an 80% drop from current levels. That's not a dip; it's a cliff.

Technical Gravity Takes Over

Momentum has stalled. The charts show a clear breakdown from previous support zones, with buying volume drying up faster than a puddle in the desert. This isn't about Cardano's fundamentals or its roadmap; it's about pure, unemotional price action following a script written by its own historical volatility.

Navigating the Downtrend

Traders now face a simple choice: fight the trend or ride it. Setting tighter stop-losses and avoiding the classic 'buy the dip' reflex—until a confirmed reversal pattern emerges—is the only sane play. In crypto, hope is a strategy, just a terrible one.

Remember, indicators are just fancy math applied to past prices—they predict the market about as well as a weatherman predicts rain, but sometimes you bring an umbrella anyway. A potential 80% cut is a stark reminder that in this market, you're either fast, or you're last.

A key indicator has flipped bearish for Cardano, with historical context suggesting a steep decline is on the horizon for the asset. Notably, this analysis came from top chartist Ali Martinez, even as Cardano corrects considerably.

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