Crypto Investors Face Losses: ADA, ARB Prices Drop Amid Market Shift

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The Essentials in Brief

A significant proportion of investors who have invested in the cryptocurrencies Cardano (ADA) and Arbitrum (ARB) are recording losses. Current data shows that 60% of ADA holders and even 83% of ARB holders could not sell their investments at a profit. This article examines the reasons for the declining development of these two assets and offers an outlook on their possible future price development.

Why are ADA and ARB losing value?

The recent price drops in ADA and ARB have surprised many investors. According to data from CoinMarketCap, the price of ADA fell by 30% in the last 30 days, while ARB lost 35% of its value. A look at the technical indicators provides some insights into this development.

For ADA, an analysis of the 3-day chart showed that the price fell below the 20-day and 50-day moving averages, which is often interpreted as an indicator of a switch from a bullish to a bearish market. The Relative Strength Indicator (RSI) and the Money Flow Index (MFI) of ADA confirm a decline in demand, indicating a continuation of the negative trend.

ARB shows similar signs of decreasing demand. Both the RSI and the MFI are below their respective midlines, indicating a dominance of selling activities. ARB’s Elder-Ray Index, which measures the strength of buyers and sellers, is also negative, underlining the current bearish sentiment.

Future prospects of ADA and ARB

Despite the current challenges, opportunities for recovery could present themselves for ADA and ARB. For ADA, if bullish control is regained, there is a possibility of a rise to a price of $0.88, while the current trend indicates a potential decline. ARB, on the other hand, needs to experience a significant increase in demand to record a similar recovery.

Our Assessment

The current losses of ADA and ARB investors reflect the volatility and risk of the crypto market. While technical indicators point to short-term challenges, investors should also keep an eye on the long-term potentials and developments of these projects. Careful analysis and a diversified portfolio can help to minimize risks and benefit from future growth opportunities.

Sources: CoinMarketCap, IntoTheBlock

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