Cardano experienced a 45% decline from its December highs amid the Federal Reserve's hawkish stance on monetary policy.
Analyst Michaël van de Poppe identifies $0.7460 as a crucial support level, which previously served as resistance and could become a foundation for ADA's next upward movement.
Despite internal ecosystem tensions, van de Poppe remains bullish on Cardano's long-term potential and projects new all-time highs above $3.09 in 2025 or 2026.
ADA's next major move depends on breaching the $1.2430 resistance level while maintaining support above $0.7460.