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Cardano’s ADA has significantly declined, currently priced around $0.45, reflecting a broader market downturn.
However, analysts remain optimistic, with forecasts suggesting a rebound to $1 in the near term and possibly reaching higher milestones like $1.70 or even $10 under favorable conditions.Cardano’s ADA has underperformed in the past few weeks, coinciding with the broader crypto market retreat. Its price currently hovers around $0.45 , representing a 22% decline on a weekly scale and 25% in a month.
The analyst also claimed that fear levels related to Cardano’s native token “are peaking,” which indicates the testing of major support zones. “If it manages to hold, we could be at the exact bottom right now before the move to $1,” Trend River predicted.a chart, according to which ADA’s valuation “is exactly where it should be.” He thinks the token is poised to reach $1.70 as long as it enters the $0.55-$0.80 range.
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