Despite a difficult start to 2026, a Cardano supporter remains optimistic about ADA’s potential for a rally. The crypto market has experienced a severe downturn, with Bitcoin and Ethereum prices plummeting to $60,000 and $1,800, respectively, before recovering slightly. This volatility has also impacted altcoins, including Cardano’s ADA. The Fear & Greed Index has dropped to a score of 8, indicating ‘extreme fear’ in the market.
However, the Cardano supporter believes that the market’s willingness to defend ADA’s 2022 bear market bottom is encouraging. They suggest that a positive price structure could lead to a rally, although cautioning traders to remain logical and composed during these turbulent times. Despite a challenging start to 2026, a Cardano supporter remains optimistic about ADA’s rally potential. The crypto market has endured a severe downturn with Bitcoin near $60,000 and Ethereum around $1,800 before a slight rebound.
This volatility has weighed on altcoins, including Cardano’s ADA. The Fear & Greed Index has fallen to 8, signaling extreme fear in the market. Still, the supporter points to the market’s willingness to defend ADA’s 2022 bear market bottom as encouraging. They argue that a constructive price structure could spark a rally, though traders should stay logical and disciplined during these turbulent times.
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