The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Analyst Who Called 2022 Crypto Collapse Issues Cardano (ADA) Alert – Here’s His Price Target

by Daily Hodl Staff
August 24, 2022
in Altcoins, Bitcoin, Trading

A popular analyst with a solid track record of predicting market retracements is issuing warnings about two of the top crypto assets.

The pseudonymous trader Capo first alerts his 485,300 Twitter followers that scalable blockchain platform Cardano (ADA) could be in for a major price drop over the next few weeks.

In a chart mapping out ADA’s price fluctuations dating back to May, Capo focuses on an ascending wedge pattern starting with a rally which began in late July. The altcoin nearly captured the $0.60 level on August 16th before marketwide woes caused the token to lose nearly 25% last week.

The analyst also maps out a series of peaks and valleys which he believes will ultimately see Cardano falling to the $0.28 to $0.30 range.

Image
Source: Capo/Twitter

At time of writing, Cardano is up slightly and trading for $0.46. A drop to $0.29 would mean an additional 37% capitulation for ADA.

Moving on to Bitcoin (BTC), the analyst follows up on an August 20th tweet to update his anticipated support and resistance zones moving into September.

Capo expects that a dead cat bounce (DCB) will temporarily revive Bitcoin to around $23,000 before falling back toward $19,000, which might even put a brief low of $16,000 in play before pushing back above $20,000.

“DCB (w2) to $22,500 or $23,500, then bearish continuation.

Break below $19,000 = $16,000, which should be the local bottom.”

Image
Source: Capo/Twitter

Bitcoin is currently flat on the day and changing hands for $21,301.

The analyst concludes by sharing his thoughts about the overall crypto markets, saying,

“Market is bearish. Every bounce is a good selling opportunity.

Being out of the market until new lows is smart.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Blue Planet Studio/leksiv

Submit a Press Release

Industry Announcements

  • MultiBank Group To List MBG Token on Gate.io and MEXC During Official Token Generation Event
    July 18, 2025
  • GSR Leads $100 Million Private Placement Into Nasdaq-Listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee
    July 18, 2025
  • KuCoin Launches xStocks, Delivering a One-Stop Access Point to Top Global Tokenized Equities
    July 18, 2025
  • PlayW3 Unleashes ‘Be the Boss,’ a New On-Chain Business Model That Turns Creators Into Owners – Over $320,000 Already Paid Out
    July 17, 2025
  • Streamex (BSGM) CEO Henry McPhie Highlights BSGM Merger and RWA Tokenization Strategy in Live TV Interview
    July 17, 2025
  • Numerai Announces $1 Million Strategic Buyback of NMR
    July 17, 2025
  • Bit Origin Secures $500 Million Equity and Debt Facilities To Launch Dogecoin Treasury
    July 17, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$117,970.61
$117,970.61
0.45%
Ethereum
$3,724.87
$3,724.87
4.36%
BNB
$747.35
$747.35
1.3%
Solana
$180.24
$180.24
1.64%
XRP
$3.50
$3.50
2.45%

Spotlight

  • Fold CEO Warns Altcoins To Remain Speculative, Says Bitcoin’s Market Dominance ‘Something That Can’t Be Reversed’
    July 13, 2025
  • Merrill Lynch Financial Advisor Banned From Industry After Allegedly Draining $2,580,000 From Former NFL Player’s Account: Report
    July 13, 2025
  • World’s Largest Gambling Company Discloses Hack Affecting 800,000 Users – IP Addresses, Emails and Online Activity Exposed
    July 13, 2025
  • Bitwise CIO Says ‘Unrelenting Demand’ for Bitcoin Could Boost BTC Closer to $200,000 by End of 2025
    July 13, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl