Cardano

Bitcoin

Captain

<ul class="news-points">
 <li>Cardano hit $0.3666, its lowest level since 2023, marking a 55% drop from its yearly high of $0.807.</li>
 <li>Top analysts agree ADA is set for a rebound, potentially rallying by up to 72%.</li>
 <li>An analyst says ADa must reclaim $0.42 to confirm its path toward higher price points.</li>
</ul>
Cardano (ADA) was the hardest hit among top-ranking crypto assets in the recent market downturn, <a href="https://coinmarketcap.com/currencies/cardano/historical-data/" target="_blank" rel="noopener noreferrer nofollow">plummeting</a> to $0.3666, a level not seen since late 2023. This marks a roughly 55% drop from its yearly high of $0.807 on March 14.
In contrast, Bitcoin experienced a 20% decrease from its all-time high of $73,650 in Q1 to a recent low of $58,600 during the same period.
However, market watchers are now optimistic about <a href="https://coinedition.com/cardanos-democratic-experiment-community-led-constitution-takes-shape/" rel="noopener noreferrer nofollow">Cardano’s potential</a> for a significant rebound. In a recent post on X (formerly Twitter), widely followed analyst Captain Faibik highlighted that Cardano’s downtrend since the $0.80 threshold has formed a bullish falling wedge pattern on the daily chart.
This observed formation suggests that ADA may have reached its lowest point before a major rebound. The graph accompanying Faibik’s analysis indicates that a breakout from this formation could propel ADA on a 72% short-term rally.…
The post <a href="https://coinedition.com/top-analysts-unanimous-cardano-ada-has-hit-bottom-now-set-for-major-rebound/" rel="noopener noreferrer nofollow">Top Analysts Unanimous Cardano (ADA) Has Hit Bottom, Now Set for Major Rebound</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Top Analysts Unanimous Cardano (ADA) Has Hit Bottom, Now Set for Major Rebound

Coin Edition

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