ADA has been trading bearish for well over a year now, losing around 88% of its value since the top.
Looking at the current market and the 2018 bear market, we can see that ADA is following a roughly similar pattern. A very long downtrend with the occasional bullish pump in between.
Most noteworthy are the numbers on the chart. 1: Mid-bear pump of a couple weeks. 2: Late-bear horizontal trading before the last capitulation. Obviously, we don't know if the current market will see another capitulation, but I find the similarities interesting.
Do you think ADA will see another capitulation? Share your thoughts.
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