The post ADA Price Prediction: Cardano Eyes $0.34 Recovery Despite Recent 9% Drop appeared on BitcoinEthereumNews.com.

Ted Hisokawa
Feb 28, 2026 06:37

Cardano (ADA) trades at $0.27 after 9.36% decline, but technical analysis reveals potential $0.34 target as RSI remains neutral and bull flag formation suggests recovery ahead.

ADA Price Prediction Summary • Short-term target (1 week): $0.30• Medium-term forecast (1 month): $0.28-$0.34 range• Bullish breakout level: $0.30• Critical support: $0.25 What Crypto Analysts Are Saying About Cardano While specific analyst predictions from major crypto KOLs are limited in recent hours, several technical analysts have provided bullish Cardano forecasts. According to Rebeca Moen’s analysis from February 27, 2026, “Cardano trades at $0.29 with neutral RSI and upper Bollinger Band pressure. Technical analysis points to $0.34 target within 2-4 weeks if ADA sustains current momentum levels.” Maxwell Mutuma noted on February 26 that “ADA forms a bull flag near $0.29, signaling potential continuation above $0.31,” with a price target of $0.33. Meanwhile, Dani Bonocci highlighted that “Cardano price prediction models are heating up after ADA’s bounce past $0.30,” projecting a more ambitious $0.53 target. According to on-chain data from major analytics platforms, Cardano’s network fundamentals remain solid despite the recent price decline, suggesting the current dip may present a buying opportunity for patient investors. ADA Technical Analysis Breakdown Cardano’s current technical picture presents a mixed but cautiously optimistic outlook. Trading at $0.27 after a significant 9.36% decline in the past 24 hours, ADA has found itself testing critical support levels while maintaining neutral momentum indicators. The RSI reading of 42.61 sits firmly in neutral territory, suggesting neither overbought nor oversold conditions. This neutral positioning often precedes directional moves, particularly when combined with other technical factors. The MACD histogram at 0.0000 indicates a potential momentum shift, though current readings lean slightly bearish with the MACD at -0.0093. Bollinger Bands analysis…

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Filed under: News - @ February 28, 2026 7:24 am