Cardano Faces Turbulence, But Bulls Still See a Breakout Ahead
Cardano (ADA) isn’t having the best day, dipping below $0.80 with a 3.7% slide.
But some analysts argue this decline may be the calm before a storm—of the bullish kind.
One trader, known as Crypto King, sees a promising setup on the chart. ADA’s price is coiling within a symmetrical triangle, a formation often signaling an explosive move once the range breaks. If buying pressure kicks in, he expects a sharp rally toward $1.60.
Supporting the case for a bounce is the recent cooling in market leverage. Over $6 million in long positions have been flushed out in the past 48 hours, easing pressure and clearing space for a healthier price run.
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ADA Price Prediction for 2025
Meanwhile, founder Charles Hoskinson remains optimistic about ADA’s potential to eventually surpass Bitcoin’s performance, even as the token struggles short-term.
While momentum is uncertain, technical signals and on-chain shifts suggest Cardano’s next move could be much stronger than today’s price would suggest.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
