Cardano (ADA) Slips 6% in 24 Hours: Healthy Correction or the Return of the Bears?

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Cardano’s native token fell approximately 6% in the last 24 hours, dropping below the $0.22 level and trading around $0.21. This correction follows a 22% surge over two weeks that had pushed ADA to a three-month high above $0.25. Some analysts warn of a potential decline toward $0.164 if selling pressure continues, while others forecast a rebound to $0.30 or even the $0.314-$0.404 range as long as support above $0.157 holds. More bullish voices predicted a return to nearly $0.50 in the short term, with the last peak occurring in November last year.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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