Cardano’s native token ADA is doing its best to climb past the $1 mark this month, but has repeatedly failed to violate the target. That price was around the $0.69 mark on Monday, falling nearly 3% on the chart. After Trump regained the White House in November, Ada shot over a dollar and after being sworn in mid-January. The price then attracts bearish feelings within the index of Altcoin.
Prices for major Altcoin have fallen nearly 30% in two weeks, suggesting that the ADA is riding on a bearish trap. Investors are afraid that Altcoin will take an entry position as it hasn’t bottomed out at the price yet. The wider market is under pressure due to tariffs that are causing tension in the global financial sector. In this article, we will highlight whether Cardano’s ADA can break the bearish cycle and gather on the charts.
Cardano: Will Ada rise this month?
The leading on-chain metrics and price forecaster Cincodex predicts Cardano’s ADA neutral image. Price forecasts show that ADA will skyrocket around 2%, potentially reaching $0.70 by the end of March. That’s an increase of about a cent over the next two weeks, the forecast says.
So, if the forecast turns out to be accurate, Cardano’s $1,000 investment in the ADA could be $1,020 by the end of March. It is not recommended to take an entry position as potential returns appear to be minimal. Buy now and sell for a 2% profit and you can generate revenue generated as the Exchange platform charges more. Traders leave little or no profit after trading is commenced.
Read here to find out which cryptocurrencies can bring you massive profits this month, as Cardano ADA is not the best investment. It is beneficial to obtain these entry positions as the return can be in double digits.
(TagStoTRASSLATE)ADA(T)Cardano
