• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cardano Price Decline Persists, Yet Hope for Recovery Exists

user avatar

by Giorgi Kostiuk

3 months ago


Cardano prices have continued to fall over the past three days, resulting in skepticism among investors. However, there are promising factors on the horizon that could shift the landscape.

ADA Price Drop and Market Response

Cardano (ADA) has fallen to its lowest level since January 1, hitting $0.90, which is 33% below its 2024 high. This drop has prompted large investors, known as 'whales', to reduce their positions. According to analyst Ali Martinez, over 70 million ADA worth approximately $63 million, have been sold.

Future Growth Catalysts for Cardano

Despite the current decline, several factors could support ADA's price growth in the future. One such factor is the anticipated rise in Bitcoin prices, boosted by ETF purchases and declining exchange balances. Additionally, Cardano is preparing for major updates and integration with BitcoinOS, potentially attracting new liquidity. The development of the Midnight project and potential political support from a new U.S. administration may also play a role.

Technical Analysis and Growth Prospects

Technical analysis indicates a potential recovery in Cardano's price in the coming weeks. A bullish pennant pattern is forming on the chart, which often precedes a strong price increase. The emergence of a cup and handle pattern further enhances the likelihood of a bullish breakout. If these scenarios unfold, ADA's price could rise to $1.410, representing a 60% increase from the current level.

While Cardano's price currently shows a downward trend, potential catalysts like network updates and macroeconomic factors could positively change the scenario.

0

Share

Other news

BYDFi 5th Anniversary: Innovation and Web3 in Focus

BYDFi celebrates its 5th anniversary: history of growth and Web3 adoption.

user avatarGiorgi Kostiuk

8 minutes ago

Ethereum Price May Drop Due to Weak Stock Market

Analyst Benjamin Cowen predicts Ethereum's price may decline owing to stock market weakness and macroeconomic factors.

user avatarGiorgi Kostiuk

9 minutes ago

Trump's Tariffs Shake Crypto and Global Markets

Trump's tariffs caused a sharp drop in crypto and global markets: Fear Index plummets to 25.

user avatarGiorgi Kostiuk

9 minutes ago

Qubetics Cryptocurrency: Interoperability and Growth Potential

Qubetics offers unique blockchain interoperability and promises high growth potential.

user avatarGiorgi Kostiuk

9 minutes ago

Cryptocurrencies in National Reserve: US Initiative

Donald Trump's announcement of a US crypto reserve including Bitcoin and Ethereum sparks a global discussion on digital assets.

user avatarGiorgi Kostiuk

10 minutes ago

XRP Price Update: Preparing for a Downturn?

XRP holds near the $2 level; market analysis shows potential shifts in the crypto market.

user avatarGiorgi Kostiuk

16 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.