Cardano Price Prediction: Secret Bottom Signal That Called 2019 and 2022 Just Fired as ADA Hits Historic Lows
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Cardano (ADA) hit historic oversold extremes on daily and weekly RSI, trading at $0.169 on June 8 after a $0.1500 low, while the daily Supertrend remains bearish at $0.1977 even as the MACD begins to turn. On‑chain and derivatives data show Binance (CEX) top traders holding a 2.5286 long/short ratio and BTC supply-in-loss at 10.5 million coins — levels that marked cycle bottoms in 2019, 2022 and the COVID crash — indicating smart‑money positioning that points to a potential crypto market bottom.
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- ADA hit the most oversold state on both daily and weekly charts in its entire history, more extreme than the December 2018 lows per LuckSide Crypto
- Binance top traders running a 2.5286 long/short ratio with smart money heavily positioned for upside despite the 30% monthly drop
- BTC total supply in loss hit 10.5 million coins, a level that has marked the cycle bottom in 2019, 2022, and the COVID crash
Cardano trades at $0.169 on June 8, bouncing slightly from the $0.1500 lows that marked the most oversold weekly RSI reading in ADA’s history, as BTC supply-in-loss data and derivatives positioning suggest the broader crypto market may have printed a cycle low.
ADA Daily Chart: Supertrend Bearish but MACD Starting to Turn
The daily chart remains structurally bearish. The Supertrend sits at $0.1977, well above curren…
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Coins
$ 64.06K
+0.11%
$ 0.165
-0.91%
$ 0.101
-1.06%
$ 0.00186
$ 0.000356
+2.00%Funds
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In This News
Coins
$ 64.06K
+0.11%$ 0.165
-0.91%$ 0.101
-1.06%$ 0.00186
$ 0.000356
+2.00%Funds
Predictions Markets
See what traders are focused on
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