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Top Cardano (ADA) Price Forecasts: Further Decline or a Rise to a New ATH?
The cryptocurrency market has been tumultuous in recent days, with Bitcoin’s price plummeting by around 9% over the past 48 hours, and numerous altcoins following suit. Cardano (ADA), in particular, has taken a significant hit, dumping by 20% since January 7 and currently trading at approximately $0.91 per token, according to CoinGecko’s data. Its market capitalization has also fallen below $35 billion.
Despite the current bearish trend, some analysts are not giving up on ADA just yet. Popular analyst Dan Gambardello has pointed out a bullish weekly pattern setup for Cardano, which could potentially result in a price rise of as much as $7 if it breaks through the resistance level.
Altcoin Daily has also chimed in with their predictions, envisioning an ADA valuation reaching as high as $6.45 by the end of 2025. While acknowledging that any altcoin can theoretically drop to zero at any time, they advised investors to invest only as much as they are prepared to lose.
Source: cryptopotato.com
