The post Analyst Says Cardano ATH Never a Guarantee as Price Hits 2021 Break Even appeared on BitcoinEthereumNews.com.

Cardano has kicked off the second week of April under heavy scrutiny as its price trajectory circles back to levels seen over four years ago.  The digital asset, which opened the week trading above $0.65, experienced a sharp decline, touching a low of just under $0.52 on April 7.  Although a slight rebound followed on April 8, briefly pushing the price to around $0.61, the recovery proved to be weak and unsustainable. By April 9, Cardano’s price had settled near $0.5694, with a 24-hour drop of 2.6%, a 7-day decrease of 15.4%, and a 14-day slump totaling 25.9%. ADA’s Return to 2021 Levels  As the market absorbed the latest price pullback, analyst Jesse Olson shared a chart on X, outlining Cardano’s long-term stagnation. His analysis revealed that the asset has returned to February 2021 price levels, exactly 1,519 days later.  Brutal, #Cardano holders never got to see a new ATH. 1,519 days later and you can buy the same price as it was February 2021. Never a guarantee. pic.twitter.com/8ByGiibC6k — Jesse Olson (@JesseOlson) April 9, 2025 During this time, ADA saw major surges and sharp corrections. Notably, despite a brief rally in late 2023, the token has yet to set a new all-time high in the current market cycle. Olson’s visual narrative highlighted that ADA’s current price — between $0.55 and $0.60 — mirrors its February 2021 valuation. This timeline, extending over four years, shows that long-term holders from that point would effectively be at break-even today. The analysis also stressed that previous gains do not guarantee future returns, challenging the assumption that holding through multiple cycles ensures profitability. Bullish Projections Surface Amid Bearish Sentiment Meanwhile, crypto commentator Alex Becker presented a contrasting outlook. In a recent YouTube video, he identified Cardano as one of eight tokens poised for significant…

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Filed under: News - @ April 9, 2025 5:18 pm