Cardano News: Will ADA Recover to $0.92 or Drop Further?

Share This Post

Cardano (ADA) Price Prediction for March 7

The post Cardano News: Will ADA Recover to $0.92 or Drop Further? appeared first on Coinpedia Fintech News

Cardano has dropped nearly 12% this week as the broader crypto market remains volatile. Currently priced at $0.7176, ADA shows signs of a slight recovery after experiencing five consecutive days of losses. 

This uptick has sparked speculation about whether it could lead to a stronger rebound, potentially helping ADA return to the $0.92 level it recently lost. However, with the market still unpredictable, it’s uncertain whether the bulls can regain control and push the price higher. It remains to be seen if this recovery leads to a bigger rebound or the downtrend continues.

Technical Indicators Show Mixed Signals

However, the technical indicators are showing mixed signals, meaning it’s unclear whether the price of Cardano will continue to rise or fall. Although there’s a small recovery today, the overall trend remains weak due to the recent sharp decline. 

Besides, the negative signals from the DMI indicator and the RSI suggest that the bullish momentum is not strong, so it’s uncertain if the recovery will last or if the price will keep dropping.

Whales Seize The Opportunity

As Cardano’s price dips, crypto whales are seizing the opportunity to load up on ADA. According to analyst Ali Martinez, these whales have scooped up 180 million ADA tokens in just the past week. Now, those holding between 1 million and 10 million ADA have a combined total of 6 billion ADA. With whales aggressively buying the dip, the chances of a strong bullish rebound for Cardano are looking more promising.

Signs Of Recovery

Cardano is showing signs of recovery, with support from crypto whales, which makes a bullish turnaround more likely. If the price breaks above $0.7351, which is the 67.8% Fibonacci level, it could be a good buying opportunity.

The next target would be $0.9216, at the 78.6% Fibonacci level. On the downside, Cardano has strong support at $0.65, with additional support at $0.6272, the 50% Fibonacci level. If the price falls to these levels, they could help prevent further declines.

Bitcoin and other risk assets are experiencing a sharp decline as investor sentiment weakens amid rising concerns over a potential US recession. The stock market has also taken a hit, driven by fears of Trump’s tariff policies and broader economic instability. Analysts are warning of slower economic growth, inflation, and uncertainty about the Federal Reserve’s next move, which could continue to impact the crypto market and ADA’s price.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

How high can Cardano go by the end of 2025?

According to our Cardano price prediction, the altcoin’s price could hit a maximum of $2.62 in 2025.  

How much would the price of Cardano be in 2040?

As per our latest ADA price analysis, the Cardano could reach a maximum price of $69.33.

How much will the ADA coin price be in 2050?

By 2050, a single Cardano price could go as high as $329.56.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Crypto News: Bank of Korea Rejects Bitcoin for Foreign Exchange Reserves

The post Crypto News: Bank of Korea Rejects Bitcoin for Foreign Exchange Reserves appeared first on Coinpedia Fintech News The Bank of Korea (BOK) has firmly stated that it has “never

Coinbase’s Government Network Expands—145 US and 29 Global Entities Onboard

Coinbase is deepening ties with 145 US government entities as the nation accelerates bitcoin adoption, signaling unprecedented institutional demand and a seismic shift in crypto policy Coinbase

Ripple News Today: XRP Proposal Aims to Unlock $1.5 Trillion for Bitcoin Reserves

The post Ripple News Today: XRP Proposal Aims to Unlock $15 Trillion for Bitcoin Reserves appeared first on Coinpedia Fintech News After a long legal tug-of-war under Biden’s leadership, Ripple is

Peter Schiff: Bitcoin Could Crash Below $65K if Nasdaq Enters a Bear Market

Bitcoin faces a steep decline if the Nasdaq downturn deepens, warns Peter Schiff, predicting a wave of panic selling that could shake investor confidence and destabilize markets Peter Schiff Predicts

SEC vs Ripple: How Lawsuit Over XRP Could Wrap up in Days

A legal expert has outlined how the SEC’s lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court’s injunction—may complicate the

Is The Bitcoin Cycle Peak In? Historical Halving Data Suggests Upside Potential Into Late 2025

Bitcoin is now down over 29% from its all-time high (ATH) in January, and speculation about a coming bear market is growing among investors After weeks of heavy selling pressure, Bitcoin has entered