Cardano May Be On Its Way To $0.34 As Market Crash Deepens
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The crypto market crash seems to have no recovery in sight. Cardano (ADA) also follows the market-wide crash, falling to its lowest price level in nearly a year. According to CoinGecko data, ADA’s price has fallen 9.6% in the last 24 hours, 18.9% in the last week, 22.5% in the 14-day charts, and 33.6% over the last month. ADA has also dipped by nearly 47% in the yearly charts and 86.3% from its all-time high of $3.09, which it attained in September 2021. Let’s discuss how much lower ADA’s price may fall before a rebound.
Will Cardano Crash To $0.34?
Given the current market trend, Cardano’s (ADA) price could continue its downward trajectory. There is a possibility that ADA will dip to $0.34, a level last traded at in November 2024. ADA has some support at $0.34, and prices may consolidate around this level.
Cardano (ADA) and the larger crypto market have likely fallen victim to a larger macroeconomic trend. Slow economic growth, rising inflation, and unimpressive jobs data have led to market participants moving away from risky assets, such as cryptocurrencies. ADA is likely following Bitcoin’s (BTC) price path. BTC has seen massive liquidations over the last month, with many whales dumping their coins as the market crash deepens.
The dwindling probability of another interest rate cut in 2025 has further led to investors moving away from the crypto market. We may see some relaxation in 2026, but till then, the market may continue to face further corrections. We may also enter a prolonged bear market, a trend seen in 2022-2023. Cardano (ADA) price may not make any positive movements over the coming months if the current trend sustains.
Also Read: Cardano’s Hoskinson Says Retail Will Return in 2026, Led by Privacy Coins
Nonetheless, if macroeconomic conditions improve over the next month, we could get an interest rate cut in early 2026. Such a development may bring some relief to investors. Cardano (ADA) and the larger crypto market could rebound if the Federal Reserve announces some monetary easing.
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Cardano May Be On Its Way To $0.34 As Market Crash Deepens
Share:
The crypto market crash seems to have no recovery in sight. Cardano (ADA) also follows the market-wide crash, falling to its lowest price level in nearly a year. According to CoinGecko data, ADA’s price has fallen 9.6% in the last 24 hours, 18.9% in the last week, 22.5% in the 14-day charts, and 33.6% over the last month. ADA has also dipped by nearly 47% in the yearly charts and 86.3% from its all-time high of $3.09, which it attained in September 2021. Let’s discuss how much lower ADA’s price may fall before a rebound.
Will Cardano Crash To $0.34?
Given the current market trend, Cardano’s (ADA) price could continue its downward trajectory. There is a possibility that ADA will dip to $0.34, a level last traded at in November 2024. ADA has some support at $0.34, and prices may consolidate around this level.
Cardano (ADA) and the larger crypto market have likely fallen victim to a larger macroeconomic trend. Slow economic growth, rising inflation, and unimpressive jobs data have led to market participants moving away from risky assets, such as cryptocurrencies. ADA is likely following Bitcoin’s (BTC) price path. BTC has seen massive liquidations over the last month, with many whales dumping their coins as the market crash deepens.
The dwindling probability of another interest rate cut in 2025 has further led to investors moving away from the crypto market. We may see some relaxation in 2026, but till then, the market may continue to face further corrections. We may also enter a prolonged bear market, a trend seen in 2022-2023. Cardano (ADA) price may not make any positive movements over the coming months if the current trend sustains.
Also Read: Cardano’s Hoskinson Says Retail Will Return in 2026, Led by Privacy Coins
Nonetheless, if macroeconomic conditions improve over the next month, we could get an interest rate cut in early 2026. Such a development may bring some relief to investors. Cardano (ADA) and the larger crypto market could rebound if the Federal Reserve announces some monetary easing.
In This News
Share:
In This News
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Read More
ADA Taps Liquidity, Will Bulls Push Toward $0.79 Next?