Cardano (ADA) Enters Its Worst Month: 3 AIs Examine Its September Prospects

Cardano’s native cryptocurrency has lost much of its gains posted in mid-August and has dropped below the psychological level of $0.20.

We asked three of the most popular AI-powered chatbots about what’s next in September – a rally or a deeper decline. Here are their answers.

The Slightly Bullish Prospects

ChatGPT predicted a volatile September for ADA, claiming the asset is most likely to trade between the $0.18-$0.27 range. OpenAI’s platform noted that the rebound from $0.17 earlier this month showed that buyers are still willing to jump on the bandwagon when the token is heavily discounted.

That said, it assumed that a return above $0.23 could trigger another attempt at $0.25-$0.27. Moreover, if ADA breaks $0.27 with strong volume, the next realisting area would be $0.30-$0.35, ChatGPT added.

The chatbot claimed that the asset’s biggest problem in September is the upcoming FOMC meeting, where the Federal Reserve will discuss its monetary policy and decide whether to hike, cut, or keep interest rates unchanged.

… Continue reading the full article at the original source below.