Cardano (ADA), the eighth-largest cryptocurrency, finds itself in a perplexing situation as it grapples with a battle between bullish and bearish forces, leaving investors deciphering mixed signals in a turbulent market.

第八大加密貨幣卡爾達諾（ADA）發現自己陷入了令人困惑的境地，因為它正在努力應對看漲和看跌力量之間的鬥爭，讓投資者在動蕩的市場中解讀複雜的信號。

相關閱讀：狗狗幣大規模拋售：1億狗狗幣淹沒Robinhood，投資人準備迎接價格影響

The optimism that briefly emerged on January 29th, as ADA’s market structure turned bullish, proved short-lived, unable to overcome the critical $0.50 support level, and remaining stuck in the $0.48 territory.

1 月 29 日，隨著 ADA 的市場結構轉向看漲，短暫出現的樂觀情緒被證明是短暫的，無法突破 0.50 美元的關鍵支撐位，並仍停留在 0.48 美元的區域。

Social media sentiment, often a precursor to price movements, has not provided solace either. Santiment’s “weighted social sentiment” metric has steadily declined over the past ten days, reflecting tepid investor confidence.

社群媒體情緒通常是價格變動的先兆，但也沒有提供安慰。 Santiment 的「加權社會情緒」指標在過去十天內穩步下降，反映出投資者信心不溫不火。

Source: Coingecko

來源：Coingecko

ADA’s Metrics: Confusion Amidst Bullish Signals

ADA 指標：看漲訊號中的混亂

The confusion deepens when examining on-chain metrics. While the negative MVRV ratio suggests ADA might be undervalued, the sustained presence in negative territory raises concerns. Conversely, the increasing number of active addresses, signaling heightened network activity, offers a glimmer of hope for bullish investors.

當檢查鏈上指標時，混亂會加深。雖然負 MVRV 比率表明 ADA 可能被低估，但持續處於負值區域引發了擔憂。相反，活躍地址數量的增加表明網路活動加劇，為看漲的投資者帶來了一線希望。

Complicating the outlook is the liquidation heatmap from Hyblock. Two prominent zones add complexity: the $0.45-$0.48 region, hosting an estimated $300 million in liquidation levels, and the $0.52-$0.54 zone, carrying similar selling pressure. A drop to the former could trigger buying activity as long positions close, while the latter’s fate hinges on Bitcoin’s (BTC) movement, given ADA’s tendency to follow its lead.

Hyblock 的清算熱圖使前景變得更加複雜。兩個突出的區域增加了複雜性：0.45-0.48 美元區域，估計有 3 億美元的清算水平；0.52-0.54 美元區域，承受著類似的拋售壓力。前者的下跌可能會隨著多頭頭寸平倉而引發買盤活動，而鑑於 ADA 傾向於追隨其領先地位，後者的命運取決於比特幣 (BTC) 的走勢。

ADA currently trading at $0.4809 on the daily chart: TradingView.com

ADA 目前在日線圖上的交易價格為 0.4809 美元：TradingView.com

Industry experts remain divided on Cardano’s future. Santiment suggests that the increased bearish sentiment might hint at an impending price bounce, while others exercise caution, citing the lack of definitive follow-through after the initial bullish market structure shift.

行業專家對卡爾達諾的未來仍存在分歧。桑蒂門特表示，看跌情緒的增加可能暗示價格即將反彈，而其他人則持謹慎態度，理由是在最初的看漲市場結構轉變後缺乏明確的後續行動。

🐻 With #crypto market caps ranging and lacking the usual growth traders have been accustomed to since the #bullcycle began in October, there is a notable #bearish sentiment that has taken hold of #crypto discourse this week. #Bitcoin, #Ethereum, #BinanceCoin,

🐻 由於 #crypto 市值波動較大，且缺乏交易者自 10 月份 #bullcycle 開始以來所習慣的增長，因此本週 #crypto 討論中出現了明顯的 #bearish 情緒。 #比特幣、#以太幣、#BinanceCoin、

(Cont) 👇 pic.twitter.com/c3M4bPxlhi

（續）👇 pic.twitter.com/c3M4bPxlhi

— Santiment (@santimentfeed) February 5, 2024

- Santiment (@santimentfeed) 2024 年 2 月 5 日

Source: Santiment

資料來源：Santiment

Cardano Dips Amidst Stability: Mixed Signals

卡爾達諾在穩定中下跌：混合訊號

Cardano (ADA) is currently navigating a bearish trend, experiencing a 2.93% decrease in the past 24 hours and declines of 1.13% and 10.33% over the past week and month respectively. Despite this dip, it maintains its position as the 8th largest cryptocurrency by market cap, suggesting some underlying stability.

卡爾達諾（ADA）目前正處於看跌趨勢，過去 24 小時內下跌 2.93%，過去一周和一個月分別下跌 1.13% 和 10.33%。儘管出現這種下跌，但按市值計算，它仍保持第八大加密貨幣的地位，這表明它具有一定的潛在穩定性。

相關閱讀：幣安上市後Ronin暴跌近30%，引發對上市前炒作的擔憂

While the short-term technical picture appears bleak, longer-term indicators offer potential for cautious optimism. The increasing number of active addresses hints at growing network activity, a potential bullish sign.

雖然短期技術面顯得黯淡，但長期指標提供了謹慎樂觀的可能性。活躍地址數量的增加暗示網路活動不斷增長，這是一個潛在的看漲訊號。

Additionally, the negative MVRV ratio, although concerning in its extended presence, could indicate undervaluation. However, this needs to be balanced against the crucial resistance zones identified around $0.54-$0.56, which could hinder upward momentum.

此外，負 MVRV 比率雖然長期存在令人擔憂，但可能表明估值被低估。然而，這需要與 0.54-0.56 美元附近的關鍵阻力區域相平衡，這可能會阻礙上漲勢頭。

Overall, ADA’s future trajectory remains uncertain. Further analysis would benefit from exploring the reasons behind the recent price decline, potential catalysts for recovery, and a deeper dive into long-term fundamentals like development progress and adoption rate.

總體而言，ADA 的未來軌跡仍然不確定。進一步的分析將有助於探索近期價格下跌背後的原因、復甦的潛在催化劑以及更深入地研究開發進度和採用率等長期基本面。

Featured image from Freepik, chart from TradingView

精選圖片來自 Freepik，圖表來自 TradingView

免責聲明：本文僅供教育目的。不代表NewsBTC是否購買、出售或持有任何投資的意見，投資自然有風險。建議您在做出任何投資決定之前進行自己的研究。使用本網站提供的資訊的風險完全由您自行承擔。

標籤： ADAADA 價格adausdCardanocrypto