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Cardano (ADA) Price Analysis: 25% Crash Deep Dive — Expert Price Prediction: $10 Rebound Possible Despite Bearish Trend


Cardano (ADA) Price Analysis: 25% Crash Deep Dive — Expert Price Prediction: $10 Rebound Possible Despite Bearish Trend

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  • For ADA to regain bullish momentum, it must first reclaim $0.80.
  • Analyst Dan Gambardello predicted a $10 price tag for ADA in the near future.
  • ADA soared to $1.13 when US President Trump announced crypto reserves.

Cardano (ADA) has gone through an extremely volatile week. As a result, its price crashed by 25.85% in just seven days. Not just that, but it also experienced a further 8.52% decline in just the last 24 hours. 

Despite currently trading at $0.7428, some analysts are making massively bullish predictions for this major digital asset. This report provides a price prediction based on technical analysis.

ADA Price Plunge Explained: Trump Crypto Reserve News & Market Correction

Earlier this month, ADA had surged to $1.13. This price jump happened immediately following United States President Donald Trump’s announcement of a crypto reserve. 

Related: Cardano Brazil Partnership: Good News, But ADA Price Tanks

The proposed reserve includes XRP, ADA, Bitcoin (BTC), Ether (ETH), and Solana (SOL). However, when Trump then clarified that the reserve would not involve new purchases, but instead would only hold existing government-owned crypto assets…

The post Cardano (ADA) Price Analysis: 25% Crash Deep Dive — Expert Price Prediction: $10 Rebound Possible Despite Bearish Trend appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 63.78K

-0.43%

$ 1.79K

-0.37%

$ 1.09

-0.97%

$ 0.164

-1.21%

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In This News

Coins

$ 63.78K

-0.43%

$ 1.79K

-0.37%

$ 1.09

-0.97%

$ 0.164

-1.21%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

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