Cardano Sentiment Crashes To 5-Month Low As ADA | Crypto News
Cardano’s temper music has flipped. Even as ADA has rebounded about 5 % from its late-August lows, on-chain analytics firm Santiment says the asset’s usually optimistic retail crowd has swung to its most unfavorable stance in 5 months.
In an X post accompanying its sentiment chart, the firm wrote: “Cardano has quietly seen its normally optimistic crowd start to turn bearish. After the lowest sentiment recorded in 5 months, $ADA’s price is +5%. Patient holders and dip buyers during this three week downswing should root for this trend of bearish retailers to continue.”
Santiment framed that shift in traditional contrarian phrases. “Prices typically move the opposite direction of the crowd’s expectations. When small traders sell off their bags out of impatience and frustration, it is generally the key stakeholders who accumulate and drive up prices again,” the post added.
The graphic shared by the firm plots ADA’s price against a working ratio of bullish versus bearish social commentary and annotated three distinct phases over the past month: an early-August “greed” spike where the bullish-to-bearish ratio surged to roughly 12.8:1 and was adopted by a pullback; a mid-August “fear” pocket close to 2.0:1 that preceded a rally; and, most lately, the most bearish studying in 5 months around 1.5:1, coinciding with ADA’s +5% bounce.
The sequencing in Santiment’s chart helps the firm’s message that outsized crowd optimism or pessimism continuously seems close to short-term inflection factors. The short-term price path into that rebound has been marked by a three-week downswing that started around August 14.
Cardano Faces Decision Zone
Independent market analyst Quantum Ascend ties the bounce to a clearly outlined higher-time-frame construction. Posting a daily ADA/USD chart, the analyst wrote: “ADA Respecting a channel on the high time frame dating back to early June. Higher Highs, Lower Lows. Short-term decline dating back to August 14 channeling as well. Price Currently sitting atop the .382 Fib at $0.82. Cardano’s decision point appears near, but we still need to be looking to the Macro. Regardless, I’m very bullish long-term.”
In Quantum Ascend’s view, ADA is monitoring an ascending channel that has contained price motion since mid-June. The short, blue corrective channel from August 14 sits inside that broader up-channel and has carried price back to the decrease end of the channel as nicely as a Fibonacci retracement cluster derived from the June–August advance.
The analyst’s chart locations the 0.382 retracement close to $0.821, which has acted as first assist and the speedy “decision point.” Below that, the same mapping highlights the 0.309 retracement around $0.762 and the 0.236 close to $0.702 as deeper pullback areas inside the macro construction.
Overhead, the analyst’s ranges mark successive checkpoints at the 0.5 retracement close to $0.879, the 0.618 close to $1.043, the 0.702 around $1.083, the 0.786 close to $1.151, and the 1.0 extension around $1.326—ranges that also align with prior provide pockets and the higher boundary of the ascending channel later in the quarter.
At press time, ADA traded at $0.8177.
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