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

Otros artículos publicados el 29 jun 2024

Spot ETF Optimism Could Drive Ethereum (ETH) Price to $4,000

IBM and Gujarat Sign MoU for AI Cluster in GIFT City

'Rich Dad Poor Dad' Author Robert Kiyosaki Questions Bitcoin ETFs' Authenticity: 'ETFs Are Fake G...

Farcaster Introduces USDC 1-Tap Payments on Warpcast

Vitalik Buterin says crypto regulations have created ‘anarcho-tyranny’

ICP Updates Ecosystem & Cronos Partners with Exaion, as Whales Eye BlockDAG with 30,000x ROI Pote...

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!