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ADA price prediction: Will there be more downsides? Technical analysis of the daily timeframe shows that Cardano (ADA) has been trading within an ascending parallel channel since June 2023. After several failed breakout attempts, ADA price finally cleared the channel's resistance trendline in December and subsequently rose parabolically. This breakout reached a new one-year high of $0.68 on Dec. 14. Since then, ADA has dropped dramatically. Thus, it created two long upper wicks (red icons), which were considered signs of selling pressure. Meanwhile, the RSI is below 50 and is falling (red circle). Similar to the daily timeframe, the six-hour timeframe also does not provide a clear direction for the trend. This is due to price action and RSI data. The price action shows that ADA has been trading within a descending parallel channel since Dec. 14. Such channels often involve corrective actions. On January 8 (green icon), it bounced off the support trendline of the ADA channel, confirming the 0.5 Fib retracement support level at $0.46. However, he did not manage to get out of the channel. On the contrary, it was rejected on January 11 (red icon) and has since been dropped. It is currently trading below the midline of the channel. Also, the six-hour RSI is below 50. As a result, the resolution of the channel formation will determine the future trend for ADA.

Neo has bypassed the fall: in the race for the leadership! Neo (NEO) ended its silence and made a sharp rise. Neo (NEO), one of the stars of the 2021 Bull, has been in the background for a while despite the rise of the market. The NEO, which was forgotten due to the prominence of fresh projects and the emergence of new trends, reminded itself with its latest move. The coin, which managed to increase by 7.34 percent against Bitcoin's (BTC) retreat to $ 43,000, took the second place in the "Top Riders" list. While it is being discussed whether the rise will be stable or not, which levels have become important to follow? Sellers are starting to show their influence! The NEO, which exploded from $10.80 and climbed to $12.50 in a short time, could not withstand the selling pressure and eased to lower levels. The NEO, which is trading at $11.71 at the time of writing, could make a move to $12.90 – $13.76 and $14.90, respectively, if it breaks $12 in volume and sustains above it. News from within the ecosystem will play a critical role in this process. Factors such as increasing tension as the Fed interest rate decision approaches, the increase in BTC dominance, or the NEO's continued pricing below $ 12 will strengthen the hand of sellers. In such a scenario, a reaction from $10.75 can be expected first. If the downward movement continues, there may be a decline towards $9.68 and $8.67. In addition, daily closes below $8.67 will herald a new bearish process. #ContentStar# #Gate post Highlights# #HotTopicDiscussion# #BountyCreator#

API3, which offers decentralized applications over blockchain technology, introduced OEV Netwok, which stands out with its zk-Rollup feature. API3 announced on social media on Monday, January 29, the launch of its new Polygon (MATIC)-powered network, OEV. In the statement, it was stated that this network will be used to optimize the oracle extractable value (OEV). Stating that there is a lot of liquidity loss in blockchains due to OEV, the team emphasized that they will bring an important solution to this problem thanks to OEV Network. The team cited DeFi platform Aave as a concrete example of this loss of liquidity. It was pointed out that $2 billion worth of positions in Aave have been liquidated in the last 3 years, of which more than $100 million has been paid as liquidation premiums. It was emphasized that thanks to OEV, this premium amount can be optimized for the benefit of all platforms: #API3. # ContentSta # # BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar # # MyFancyCreato#

FRIENDS, THERE IS NO PROPER COIN IN THE MARKET. I RECENTLY TRIED TO PUMP A NEW COIN AND IT WENT SUCCESSFULLY. AFTER THAT, EVERYONE PUMPED ALL THE NEW COINS. YESTERDAY, THEY DIDN'T LEAVE A PUMP COIN. WHEN I GIVE COINS LIKE THIS, I SAY BUY 50 dollars, even if the coin goes up 10x, you will earn 500 dollars, but if the coin falls, you will lose 5 to 10 dollars. Those who destroy the coin, both the exchange sellers and the pumpers' sales, there is no clean coin, when we enter dirty coins, it ends like this. So my only request is to make a maximum purchase of 50 dollars, do not buy more. If there is a proper coin, I will tell you it's a good coin, but there is no proper coin, so we are trying our luck with trash coins.

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