Considering Cardano’s performance, it is ideal to wait for this to happen before investing
Once the third biggest cryptocurrency, Cardano‘s recent performance turned out to be far below expectations, to say the least. As the month of November is nearly over and so is 2021, looking at the market doesn’t reveal a rosy picture for Cardano, in fact far from it.
Cardano has become the most unpredictable asset in the market at the moment as price action, investor behavior, and network performance all happen to indicate different signs.
Firstly, ADA finally rejected a bounce off of its almost month-long support of $1.9 and fell through, 3 days ago, during which it witnessed a 12.2% fall. Trading at $1.6, the altcoin is now at August levels. This also caused the long-standing support of 200 Simple Moving Averages (Orange SMA) to flip into
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