Cardano, also known as ADA, has experienced a significant decline in value over the last 90 days, raising concerns about its future performance. Despite this, Cardano recently reclaimed its 9th position in the market after being momentarily surpassed by Toncoin. The current market situation does not guarantee a rapid surge for ADA, but analysts foresee a potential upsurge based on its improved security, scalability, and decentralization. ADA's previous performance, where it surged after a significant drop, hints at the possibility of a similar trend. Cardano's all-time high of $3.10 in September 2021 marked a crucial point, indicating the market's status through the market value to realized value (MVRV) ratio, which currently stands at a negative value, implying undervaluation. While there are no guarantees that ADA will reach its previous peak, increased buying pressure could push its price upwards to $0.76. A surge in trading volume and large transactions could further influence ADA's price movements, potentially leading to either a rise or fall in value. The dynamics of Cardano's market position continue to evolve, with fluctuations that impact its pricing and investor sentiments.