Logo
Cardano Ecosystem

Watcher Guru

last Wednesday at 8:30 PM

·

6 views


Cardano Falls 15%: Why Experts Still See $0.9 Upside For ADA

The cryptocurrency market has certainly struggled to find its footing so far this year. Amid ongoing recession worries and geopolitical conflict, a turnaround could be stirring for the sector. Indeed, as...

Cardano Falls 15%: Why Experts Still See $0.9 Upside For ADA

The cryptocurrency market has certainly struggled to find its footing so far this year. Amid ongoing recession worries and geopolitical conflict, a turnaround could be stirring for the sector. Indeed, as Cardano has dropped 15% over the last month, experts are saying a $0.9 upside could still be in store for ADA.

For much of this month, Bitcoin has struggled to break out of the $85,000 mark. Moreover, it has been a good indicator for the market as a whole. Yet, the expectations for its fortunes to change could be led by tokens like Cardano becoming increasingly attractive to investors who perceive a market shift in the near future.

Smartphone displaying Cardano trading interface with buy and sell buttons
Source: Fortune

Also Read: Cardano: How High Will ADA Trade Six Months From Now?

Cardano Looking to Reverse Month-Long Drop, But How High Can It Go?

There are a few cryptocurrencies that entered 2025 with as much potential as Cardano. Indeed, it sat among promising tokens like Solana (SOL), Ripple (XRP), and similar tokens. Although it has failed to make good on that in the first three months of the year, things could be turning around.

Cardano is down more than 15% over the last 30 days, according to CoinMarketCap, while experts are pointing to $0.9 upside for ADA. Indeed, it is expected to reverse the 1.3% drop that took place Wednesday, with the asset holding onto key support at the $0.61 level.

cardano ada
Source: Binance

Also Read: Cardano Reverses 14% Drop: Where Will ADA Go Next?

The cryptocurrency had previously hit lows of $0.51, showing investor support to maintain its current state. Moreover, the asset has seen an ascending triangle on its price chart. That could be key in orchestrating an increase to the $0.73 mark.

That is supported by experts being increasingly bullish on its yearly outlook. Crypto price prediction platform CoinCodex predicts the asset could retake the $0.77 mark by April’s end. If it doesn’t, it should be steady for the next four months. Indeed, they project ADA will jump more than 54% to reach a $0.94 price by August.

AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on Watcher Guru

ORIGINAL SOURCE

https://watcher.guru/news/cardano-falls-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Watcher Guru

See more
Cardano Reverses 14% Drop: Where Will ADA Go Next?
Watcher Guru
Cardano Reverses 14% Drop: Where Will ADA Go Next?

last Sunday at 3:00 PM

·

35 views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)