Post-Obon “Crowded Train Ride” Market
- Chris Ciari
- Aug 19
- 2 min read
Post-Obon “Crowded Train Ride” Market
Good evening, this is ASY ASHIYA POOL.After the Obon holidays, our three sisters (BTC, ETH, and ADA) look just like exhausted office workers packed into a commuter train.
They don’t seem to have much energy right now. w
✅ Market Overview (at time of writing)
ADA: $0.9028 (24h High $0.9747 / Low $0.8964)
BTC: $115,243 (24h High $118,331 / Low $114,742)
ETH: $4,300 (24h High $4,563.76 / Low $4,236.06)
BTC Dominance: ~59%
🧭 Detailed Analysis
1) Short-Term Price Action
ADA dipped into the $0.89 range but managed to hold and bounce.
The key in the short term is whether it can stay above $0.90 on the daily close.
Resistance sits at $0.93. A breakout here could lead to $0.97, and if sustained, the $1.00 mark comes into play.
2) BTC and ETH Influence
BTC is capped around $115k, while ETH struggles near $4,300.
With this backdrop, altcoins like ADA have limited strength on their own, as the market remains BTC-dominant.
3) Technical Perspective
Signals like the “Golden Cross” have less weight in the current market.
What matters most is defending support. By holding $0.90 repeatedly, ADA builds the foundation for its next leg upward.
4) Possible Scenarios
Base Case: Sideways between $0.90–$0.93.
Bullish: Break above $0.93 → test $0.97 → if sustained, challenge $1.00.
Bearish: Failure to hold $0.90 could open a move toward $0.88–$0.85.
🎯 Today’s Takeaway
Defending $0.90 is the top priority.
A break above $0.93 is the short-term pivot.
Sideways action is not weakness—it’s recharging for the next move.
And as always, crypto has the potential to surprise with sudden spikes.
Take a rest if you need to, dear ADA-kun.But please… hold strong here! 🚀✨
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