Cardano's ADA token is under significant pressure, with its price dropping to $0.222, the lowest since June 2023, before recovering slightly to $0.27. This marks a 34% monthly decline and an 80% drop from its late 2024 cycle high of $1.33. ChatGPT suggests this decline is a structural breakdown, indicating weakened buy-the-dip demand and potential further drops to $0.15-$0.16, or even $0.10-$0.12 in a severe scenario.
Gemini echoes these concerns, describing ADA's fall below $0.30 as a "falling knife" and a critical breakdown below multi-year support. They warn that if Bitcoin drops to $55K, ADA could lose its major altcoin status, potentially plummeting below $0.10. Both sources highlight the risks of further declines amid current market conditions.
Cardano's ADA Faces Potential Drop to $0.10, Warn Gemini and ChatGPT
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