The cryptocurrency market has certainly struggled to find its foothold so far this year. The shift could be agitated for the sector amidst the worry and geopolitical conflict of the ongoing recession. In fact, with Cardano down 15% last month, experts say the $0.9 upside may still be in storage for the ADA.
For most of this month, Bitcoin has struggled to break out of the $85,000 mark. What’s more, it was a good indicator for the market as a whole. However, expectations for a change in its fortune could make tokens like Cardano more attractive to investors who are aware of market changes in the near future.
Cardano is about to turn a month’s drop down, how much higher will it be?
There are several cryptocurrencies that have entered 2025 with as much potential as Cardano. In fact, it was among promising tokens such as Solana (SOL), Ripple (XRP), and similar tokens. The first three months of the year weren’t able to do anything good about it, but things could be on the rise.
According to CoinmarketCap, Cardano has dropped by more than 15% over the past 30 days, but experts point to the ADA rising $0.9. In fact, it is expected to reverse the 1.3% drop that took place on Wednesday, with the assets holding key support at the $0.61 level.
Cryptocurrency had previously reached a low of $0.51, indicating investor support to keep it as it is now. Furthermore, assets have seen rising triangles in price lists. This is important in adjusting the increase to the $0.73 mark.
This is supported by the increasing bullishness of experts in the annual outlook. Crypto-price prediction platform CINCODEX predicts that it will be able to capture the $0.77 mark by the end of April. If not, it should remain stable for the next four months. In fact, they predict that the ADA will jump over 54% to reach the $0.94 price by August.
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