The post Cardano Could Be 50% Cheaper Soon, Says Top Trader appeared on BitcoinEthereumNews.com.

A renowned analyst has disclosed that Cardano (ADA) could break below crucial supports to decline by another 50%. Another analyst predicts that ADA could hit $5 to $10 in a more “realistic sense” as he mentions the potential launch of the ADA ETFs and the current institutional interest as major catalysts.  Cardano’s (ADA) chance to overturn the ongoing downtrend is becoming slimmer as sellers continue to determine the pace and direction of the market. In the last 30 days, the asset has been trading sideways, losing 5.4% of its value within the period. However, its 24-hour and seven-day price chart indicates a “slowly rebounding confidence” as the asset records 1.8% and 2.4% gains respectively. Cardano (ADA) Price Analysis According to an analyst called Ansem, ADA could continue its bearish extension and lose 50% of its value. Backing his analysis with a chart, Ansem pointed out that the current market trend has been dominated by lower lows and lower highs, with $0.7786 flagged as a crucial psychological level. Breaking above this level could see ADA retouching the $0.80 level. However, failure to do so could see the asset falling to as low as $0.40, according to the chart. Source: Ansem on X Meanwhile, other analysts, including Dan Gambardello, were very emphatic in their predictions. According to Gambardello, ADA has the potential to hit $10. Explaining his point, the analyst highlighted that the path to this level is “very realistic” based on the signals on the macro charts and macrocycles of the broad market. Gambardello observed that the Decentralized Finance (DeFi) ecosystem of Cardano could be a major catalyst for this growth as he labels its current phase as the ground floor. Reviewing his thesis, we found that the move to between $5 and $10 would demand ADA to have a market…

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Filed under: News - @ March 25, 2025 12:19 am