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Closely followed crypto strategist Jason Pizzino has warned Cardano holders that ADA could witness another drop of 50% or more, even after this year’s significant correction.
In a new strategy session, Pizzino To tell His 276,000 YouTube subscribers could ignite another selling event if ADA fails to maintain a significant level of support, regardless of the smart contract platform’s fundamental growth over the past few months. The chart shows that there is.
“TFinal Yield Zone: We tested this between ADA’s $0.17 and $0.33 and the current low is $0.35. If you can’t hold that $0.38, you are now at $0.378. It will probably move between this $0.26 and $0.38 zone
The $0.38-$0.40 levels should be broken out soon. Otherwise, you will have to go through even tougher times. And perhaps prices will drop in the coming months.
Cardano is trading at $0.367 at the time of writing. Pizzino’s move to target suggests ADA could fall more than 53% of his.
Turning to fellow smart contract protocol Solana (SOL), crypto analysts warn of more trouble if Ethereum (ETH) rivals fall below the $29 price level. increase.
“if that’s it [Solana] Closing below this level of about $29.80, $29.90 or $29 could cause a bit more trouble and head towards the previous lows of $25 to $26.
So keep an eye out for end-of-day and weekend deadlines here. [close] for Solana.
If not, this is probably tipping the other cryptocurrencies to capitulation.
Solana is valued at $30.05 at the time of writing.
Pizzino is also eyeing the smart contract-enabled blockchain Fantom (FTM).
“This thing [Fantom] I just tried a new low ($0.2062) It looks pretty weak. However, it surpassed the current low, down 94.6% from the high
I think most altcoins still have a long way to go. Therefore, if it falls further, a break below $0.10 is possible. Currently at $0.20, that means a further 50% drop from the current price.
Fantom is trading at $0.2085 at the time of writing.
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