An analyst predicts that Cardano (ADA) could decline by another 50% due to a bearish trend dominated by lower lows and lower highs.
Another analyst believes that ADA has the potential to reach $5 to $10, citing the launch of ADA Exchange Traded Funds (ETFs) and institutional interest as catalysts.
Cardano (ADA) recently experienced a 1.8% gain in 24 hours and a 2.4% gain in seven days, indicating a slowly rebounding confidence in the asset.
Factors such as the ADA ETF launch, rising institutional demand, and positive social metrics could contribute to ADA's potential growth.