~$8.00 2025 ADA Price target; yes 2025
Updated
Next BTC halving is a ways off. Inflation is high and going higher. Divestment from crypto funds / stock markets. Geopolitical uncertainty + high oil prices. Etc, etc. All bad news for short term ADA price action.
ADA had ~130-140 accumulation weeks on the macro scale before going parabolic. The ADA of 2022 is not the ADA of 2018 and it's notoriously slow, yet methodical, development strategy may just be a price wildcard factor. I'm not going to pretend I have some sort of sage-level market insights, I could be dead wrong and not know it.
Ideally, ADA will gently bottom out around 0.30 and face stiff resistance around the 0.90 level for the next 12 to 18 months.
~~
I'm thinking about two strategies:
A) Take the multi-year approach and start DCA'ing into whatever you favor knowing that the next crypto parabolic cycle is years away and -- "Look to the horizon"
B) Take the extremely short term approach (1 - 10 days) and take profits/losses when you can -- "Aim small, miss small"
Watch ADA, BTC, ETH, SOL, and ALGO closely in the coming months/years. Do not expect general market trends to suddenly reverse course anytime soon.
Cash is king.
~~~
This is not financial, legal, or tax advice. You, and you alone, are responsible for any and all profits or losses. I am not your advisor.
Good luck.
ADA had ~130-140 accumulation weeks on the macro scale before going parabolic. The ADA of 2022 is not the ADA of 2018 and it's notoriously slow, yet methodical, development strategy may just be a price wildcard factor. I'm not going to pretend I have some sort of sage-level market insights, I could be dead wrong and not know it.
Ideally, ADA will gently bottom out around 0.30 and face stiff resistance around the 0.90 level for the next 12 to 18 months.
~~
I'm thinking about two strategies:
A) Take the multi-year approach and start DCA'ing into whatever you favor knowing that the next crypto parabolic cycle is years away and -- "Look to the horizon"
B) Take the extremely short term approach (1 - 10 days) and take profits/losses when you can -- "Aim small, miss small"
Watch ADA, BTC, ETH, SOL, and ALGO closely in the coming months/years. Do not expect general market trends to suddenly reverse course anytime soon.
Cash is king.
~~~
This is not financial, legal, or tax advice. You, and you alone, are responsible for any and all profits or losses. I am not your advisor.
Good luck.
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