The cryptocurrency market has certainly struggled to find its footing so far this year. Amid ongoing recession worries and geopolitical conflict, a turnaround could be stirring for the sector. Indeed, as Cardano has dropped 15% over the last month, experts are saying a $0.9 upside could still be in store for ADA.
For much of this month, Bitcoin has struggled to break out of the $85,000 mark. Moreover, it has been a good indicator for the market as a whole. Yet, the expectations for its fortunes to change could be led by tokens like Cardano becoming increasingly attractive to investors who perceive a market shift in the near future.
Also Read: Cardano: How High Will ADA Trade Six Months From Now?
Cardano Looking to Reverse Month-Long Drop, But How High Can It Go?
There are a few cryptocurrencies that entered 2025 with as much potential as Cardano. Indeed, it sat among promising tokens like Solana (SOL), Ripple (XRP), and similar tokens. Although it has failed to make good on that in the first three months of the year, things could be turning around.
Cardano is down more than 15% over the last 30 days, according to CoinMarketCap, while experts are pointing to $0.9 upside for ADA. Indeed, it is expected to reverse the 1.3% drop that took place Wednesday, with the asset holding onto key support at the $0.61 level.
Also Read: Cardano Reverses 14% Drop: Where Will ADA Go Next?
The cryptocurrency had previously hit lows of $0.51, showing investor support to maintain its current state. Moreover, the asset has seen an ascending triangle on its price chart. That could be key in orchestrating an increase to the $0.73 mark.
That is supported by experts being increasingly bullish on its yearly outlook. Crypto price prediction platform CoinCodex predicts the asset could retake the $0.77 mark by April’s end. If it doesn’t, it should be steady for the next four months. Indeed, they project ADA will jump more than 54% to reach a $0.94 price by August.
