Cardanocontinues to demonstrate a remarkable performance in the crypto market. The price attracted attention by rising by 9% to $ 0.63 in the last 24 hours.
With the Federal Open Market Committee (FOMC) announcing its decision regarding the interest rate decision, the entire crypto market gained positive momentum. However, Cardano is showing a slower recovery compared to other cryptocurrencies. After a 20% drop last week, there has been some recovery in the last 24 hours.
Despite this stagnant rise in ADA’s price, analysts at X continue to express a positive view on ADA.
Some analysts, like Ssebi, think that the dips can be bought in the hope that ADA may enter a new trend soon.
This retreat may not be complete yet. Bitcoin is likely to hit $60,000 and ADA is likely to retest $0.55. I increase ADA intake from these levels; Because we may not have the chance to experience such a fall again.
According to CoinCodex, Cardano is likely to experience a few more price declines before reaching new highs.
“ADA’s price forecast in the next 30 days is based on positive and negative trends over the past 30 days. According to these projections, ADA will lose 6.17% in value, falling to $0.590373 on March 28, 2024.”
The platform predicts that ADA could decline by 0.88% to $0.623659 this week.
“According to our Cardano price prediction, this week ADA is predicted to trade between $0.629221 and $0.623659. If Cardano reaches higher values, it will decline by 0.88% to $0.623659 by March 25, 2024.”
