Cardano: Dubious Speculation

Benjamin Cowen

Summary of Ada Sentiment Shifts

  • Ada's price is experiencing significant shifts in sentiment, alternating between extreme optimism and pessimism.
  • The reason for these shifts is likely due to Ada approaching highs and attempting to break out, but lacking a catalyst to do so.
  • A potential catalyst, Quantitative Easing (QE), has not occurred yet due to the absence of a recession.
  • A contradiction exists, as weak markets are typically needed to trigger QE, but rate cuts may potentially be enough to drive Ada's breakout.