<ul><li>Cardano (ADA) has experienced a tough week, losing 11% of its value and trading around $0.64. Despite the recent decline, cryptocurrency analyst Jonathan Carter remains optimistic, predicting that Cardano could reach the $1 mark in the coming months.</li><li>Carter suggests that ADA's price may fall below $0.60 before a potential rally, with a support zone at $0.59. He believes the recent decrease will not hinder ADA's long-term growth prospects.</li><li>ADA's current struggles indicate a lack of upward momentum, but the cryptocurrency appears stable. The Relative Strength Index shows that ADA is close to being oversold.</li><li>Experts suggest that ADA's long-term direction might be bullish based on network upgrades and institutional adoption. They believe ADA could surpass $3 or even $5 with DeFi usage and blockchain updates.</li></ul>

Cardano (ADA) Dips Below $0.65, Analyst Sees $1 Recovery Potential

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