Cardano, being one of the leading crypto coins, has been navigating the crypto market with gradual growth and progression. The crypto is sitting at $0.63, up 9% in the last 24 hours.
The FOMC date revelations have put the entire crypto market in green, with major crypto coins climbing new price thresholds. ADA, as compared to its contemporaries, has noted a slow price recovery. The token noted a 20% decline in its price last week, which ADA seems to have recovered partially in the last 24 hours.
Also Read: Cardano (ADA) Price Prediction: March End 2024
Price Analysis
Despite ADA’s sluggish price ascent, analysts on X are projecting a positive stance on the current ADA price trajectory.
A notable analyst on X, Ssebi, shared how he will buy the ADA dip in hopes that the token will soon break out into a new trend.
“This retrace might not be over yet. Bitcoin will probably go to 60k, and $ADA will retest $0.55. I’m adding more to my bags at $0.55; we might never see such a dip ever again.”
Another crypto analyst, Dan Gambardello, dissected ADA’s price momentum on X and outlined technical issues that might be hindering the token’s growth.
“Cardano faces a unique and quite massive challenge. The root cause is multifaceted. The crypto space is like a big party with billions of dollars being thrown around, and Cardano is not invited to that party. Yet here ADA stands, still as a top 10 crypto.”
Cardano Weekend Price Prediction
Despite Cardano’s gradual price ascent, the token’s ground is holding steady. The Cardano ecosystem is undergoing a massive transformation, with new, promising projects embedded in the space.
Also Read: Cardano (ADA) Price Prediction: March End 2024
Per CoinMarketcap, Cardano is currently sitting at $0.63, up 9% in the last 24 hours.
According to CoinCodex, Cardano may further experience several price declines before skyrocketing to a new price high.
“The ADA price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Cardano projections, ADA will be changing hands at $0.590373 on March 28, 2024, losing 6.17% in the process.”
The platform predicts that ADA may note a price decline of 0.88% to stabilize at $0.623659 this week.
“According to our Cardano price prediction, ADA is forecast to trade between $0.629221 and $0.623659 this week. Cardano will decrease by -0.88% and reach $0.623659 by March 25, 2024, if it reaches the higher value target.”