TL;DR
Cardano’s ADA has significantly declined, currently priced around $0.45, reflecting a broader market downturn.
However, analysts remain optimistic, with forecasts suggesting a rebound to $1 in the near term and possibly reaching higher milestones like $1.70 or even $10 under favorable conditions.
ADA Ready for a Bull Run?
Cardano’s ADA has underperformed in the past few weeks, coinciding with the broader crypto market retreat. Its price currently hovers around $0.45 (per CoinGecko’s data), representing a 22% decline on a weekly scale and 25% in a month.
ADA Price, Source: CoinGecko
The chart analyst using the X handle Trend River, though, believes ADA may experience a substantial rally in the following months if it mirrors its performance from the past:
“If history repeats itself, we might be on the cusp of ADA’s ultimate support test before skyrocketing. Recall October 2020? The price dipped to $0.10 before soaring to $3.”
The analyst also claimed that fear level
We współpracy z: https://cryptopotato.com/cardano-price-prediction-is-a-mega-move-for-ada-on-the-horizon/
