ADA in Context
ADA/BTC in a 1 hour chart: 2500 area acted as a resistance back in mid-December before the rally to ATH. ADA has been flirting with that line this weekend and now is up a bit to 2600. This may look like a buying opportunity to some, but expect further decline. ADA is still 5x more expensive than the next lower resistance from only 90 days ago when it nearly touched 500 sats. I doubt the decline will go that far, but I expect it to be 25% lower than where it sits today. Other than an updated roadmap expected to be released tomorrow, which is probably already priced in to the most recent weak bounce, there are no fundamentals that justify a rally. ADA was still just vaporware when it rocketed, and while the team hasn't disappeared I still don't see a usable product on the horizon.
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