Key facts
- Alphractal CEO Joao Wedson identified key price levels for Cardano (ADA) if the correction continues.
- Wedson pinpointed $0.1097 as the Thermo Price and $0.03478 as the Delta Price for Cardano.
- He suggested the $0.05 to $0.10 range could be an interesting accumulation zone for ADA.
- The Cardano price has fallen over 30% in the past seven days.
- As of writing, ADA is trading around $0.1568.
The cryptocurrency market has experienced significant selling pressure, with Cardano's ADA token seeing a substantial hit, losing over 30% of its value in the past week. Alphractal founder and CEO Joao Wedson has offered insights into potential price levels if the correction persists. He identified $0.1097 as Cardano's Thermo Price, calculated as historical revenue divided by circulating supply, and $0.03478 as its Delta Price, representing the difference between the Realized Price and Thermo Price. Wedson suggested that the $0.05 to $0.10 range could serve as an interesting accumulation zone for ADA, particularly if bearish pressure intensifies. He noted that these on-chain metrics, Thermo Price and Delta Price, change frequently. As of this writing, ADA is trading around $0.1568, reflecting a 16% decline in the past 24 hours.