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Avalanche (AVAX) is currently nearing the red zone, with its upcoming sessions signaling a bearish trend. Meanwhile, the Cardano price shows signs of recovery as ADA holders regain confidence amid the broader market sentiment shift. Leading the pack, IntelMarkets (INTL) is at an all-time high, attracting high-profile investors with its fast-growing network. Analyst Claims New Highs For Cardano Price Soon The Cardano price has kicked off the second week of April under heavy scrutiny as it circles back to levels seen over four years ago. ADA opened the week trading above $0.65, but experienced a sharp decline shortly after, touching a low of just under $0.52 on April 7. A slight rebound in the Cardano price followed on April 8 and briefly pushed it to around $0.61. However, the recovery proved to be weak and unsustainable. By April 9, the Cardano price had settled near $0.56, with a 24-hour drop of 2.6%, a 7-day decrease of 15.4%, and a 14-day slump totaling 25.9%. As the market absorbed the latest Cardano price pullback, analyst Jesse Olson shared a chart on ‘X’ to outline ADA’s long-term stagnation. His analysis revealed that ADA returned to February 2021 price levels, exactly 1,519 days later. During this time, the Cardano price saw major surges and sharp corrections. Notably, despite a brief rally in late 2023, ADA has yet to set a new all-time high in the current market cycle. Olson’s visual narrative highlighted that ADA’s current price mirrors the 2021 valuation. Avalanche (AVAX) Down By 4%: More Crash Inbound? Avalanche (AVAX) has lost 4.47% in the last 24 hours following its brief drop below $15 on Monday. This development occurred after the crypto market experienced a slight relief from the weekend correction. Despite the rebound, it appears that the coast is not yet clear for…

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Filed under: News - @ April 11, 2025 12:27 am