{"id":280710,"date":"2024-04-10T10:55:33","date_gmt":"2024-04-10T05:25:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=280710"},"modified":"2024-04-10T10:55:33","modified_gmt":"2024-04-10T05:25:33","slug":"cardano-ada-price-faces-final-dip-before-rally-to-1-70-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cardano-ada-price-faces-final-dip-before-rally-to-1-70-crypto-news\/","title":{"rendered":"Cardano (ADA) Price Faces Final Dip Before Rally to $1.70 – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Amid the broader market sell-off, Cardano\u2019s native cryptocurrency ADA has come under some selling pressure dropping 5% in the last 24 hours and currently trading at around $0.58. With the Cardano (ADA) price<\/a> dropping 20% on the monthly, it has largely underperformed the altcoin space dropping to the tenth spot on the crypto list.<\/p>\n

Will Cardano (ADA) Price Reverse the Trajectory?<\/h3>\n

In a recent analysis, crypto expert Ali Martinez has drawn parallels between the current price action of Cardano (ADA) and a pattern observed from 2018 to 2021. Martinez suggests that if this fractal pattern persists, ADA could undergo a consolidation phase within the $0.55 to $0.80 range in the upcoming weeks.<\/p>\n

<\/p>\n

Subsequently, Martinez anticipates a surge in ADA\u2019s price to reach $1.70. Following this potential upswing, another period of consolidation is expected, laying the groundwork for a potential breakout towards the $5 mark.<\/p>\n

\n

Nothing has really changed for #Cardano<\/a>. $ADA<\/a> is exactly where it should be, consolidating in the $0.55 to $0.80 range before a breakout to $1.70! https:\/\/t.co\/414rFQhxLf<\/a> pic.twitter.com\/Djx9YqOp7F<\/a><\/p>\n

\u2014 Ali (@ali_charts) April 9, 2024<\/a><\/p>\n

<\/p>\n<\/blockquote>\n

Thus, we might see some further pullback in the Cardano price to $0.55 before resuming the uptrend. Cardano\u2019s laggard performance this year has pushed it under other altcoins such as Dogecoin, and more recently Toncoin<\/a>.<\/p>\n

<\/p>\n

Previously, analyst Chris O has also stated that he expects the crypto market to double in this bull run reaching the heights of $6-$7 trillion. As a result, he had also laid out a bullish price target for Cardano with the expectations of the ADA price reaching to $6.66 to $7.77.<\/p>\n

Charles Hosking Defends ADA Amid Recent Attacks<\/h3>\n

Charles Hoskinson<\/a>, co-founder of Input Output Global Inc., has defended Cardano against criticism, asserting that the protocol offers unparalleled scalability, governance, and innovation. Hoskinson made his remarks in a post on the social media platform X, emphasizing Cardano\u2019s strengths and its vibrant community.<\/p>\n

<\/p>\n

Hoskinson\u2019s comments come shortly after Grayscale Investments, a leading crypto asset manager, removed ADA from its Crypto Large Cap Fund. Grayscale described the removal as a \u201crebalancing\u201d action, involving the sale of ADA tokens to reinvest in other fund components.<\/p>\n

Some critics view Grayscale\u2019s move as a sign of Cardano\u2019s decline. Earlier in January, a research firm suggested that the Cardano network lacks meaningful use cases, casting doubt on ADA\u2019s future prospects. However, Hoskinson\u2019s assertion contradicts these claims, highlighting Cardano\u2019s ongoing development and potential for growth.<\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n <\/p>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Important Highlights from the Recent Fed Meeting <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"ChatGPT's<\/div>\n
ChatGPT\u2019s Next Big Upgrade: What You Need to Know <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Amid the broader market sell-off, Cardano\u2019s native cryptocurrency ADA has come under some selling pressure dropping 5% in the last 24 hours and currently trading at around $0.58. With the Cardano (ADA) price dropping 20% on the monthly, it has largely underperformed the altcoin space dropping to the tenth spot on the crypto list. Will […]<\/p>\n","protected":false},"author":2,"featured_media":273428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-280710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/280710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=280710"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/280710\/revisions"}],"predecessor-version":[{"id":280712,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/280710\/revisions\/280712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/273428"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=280710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=280710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=280710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}