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Cardano’s ongoing downtrend is set to end, with an analyst projecting an upcoming rally that could enable ADA to reach as high as the $0.4 target.
Charles Hoskinson used a Feb. 6 livestream from Tokyo to push back on a familiar narrative he says he’s hearing on the ground in Japan: that Cardano is “fading” or “dead,” and that the bear market has drained the ecosystem’s momentum.
Cardano remains one of the top ten cryptocurrencies despite its latest price struggles. But as the cryptocurrency market experiences heightened volatility, Cardano price has faltered. Bitcoin hovered around $87,850 after a sharp correction from its recent peak, and Ethereum struggled below $2,890, highlighting the plight of cryptomarket.
Cardano [ADA] Founder Charles Hoskinson publicly took aim at Ripple CEO Brad Garlinghouse over his support for the CLARITY Act in a live broadcast on Sunday. He argued that backing it in its currenThe post CLARITY Act: Hoskinson questions Ripple CEO's 'better than no clarity’ remark appeared first on AMBCrypto.
Large Cardano holders accumulated over 210 million ADA in the past three weeks, taking advantage of price weakness driven by broader market pressure and renewed EU–U.S. tensions.
Cardano [ADA] has stayed in a massive drawdown even after rebounding from the lows around $0.30. That said, key data show that Cardano could be shaping up for a rally as accumulation signals intensifyThe post Can Cardano prices rebound as whales buy $2.5M in ADA? appeared first on AMBCrypto.
Cardano (ADA) failed to overcome the $0. 40 psychological level on Monday and has now declined to $0. 39. This performance comes as the broader market rally stalls, with Bitcoin still stuck around $92k.