The cryptocurrency market has been experiencing significant selling pressure in recent days, with the Cardano price taking a particularly large hit. According to CoinGecko data, ADA has lost over 30% of its value in the past seven days.
Joao Wedson, founder and CEO of Alphractal, believes that investors may be overlooking an opportunity in the current market conditions. In a recent post on social media platform X, Wedson identified two key price levels to watch if the worst-case scenario crystallizes for Cardano: $0.1097 (Thermo Price) and $0.03478 (Delta Price).
The Thermo Price is an on-chain metric that represents the historical revenue of a blockchain divided by its current circulating supply, providing a stable estimate of the price per coin. The Delta Price measures the difference between the Realized Price and the Thermo Price, connecting investors' average cost basis to validators' mining costs.
Wedson noted that Cardano has only reached the Delta Price twice in its history, but never touched the Thermo Price. While he did not predict a specific price target, he highlighted the $0.05-$0.10 range as an 'interesting' accumulation zone for ADA, suggesting that investors could wait out the bearish pressure and buy at higher levels.