There appears to be no recovery in sight from the collapse of the virtual currency market. Cardano (ADA) also fell to its lowest level in almost a year due to the market-wide crash. According to CoinGecko data, ADA price has fallen 9.6% in the past 24 hours, 18.9% in the last week, 22.5% on the 14-day chart, and 33.6% in the last month. ADA has also fallen nearly 47% on the yearly chart and is down 86.3% from its all-time high of $3.09 reached in September 2021. Let’s discuss how far ADA’s price can fall before it rebounds.
Will Cardano crash to $0.34?
Considering current market trends, Cardano (ADA) price is likely to continue its downward trajectory. ADA could fall to $0.34, the level it last traded in November 2024. ADA has some support at $0.34 and the price is likely to consolidate around this level.
Cardano (ADA) and the larger crypto market may be falling victim to larger macroeconomic trends. Slowing economic growth, rising inflation and lackluster employment data are driving market participants away from risky assets such as cryptocurrencies. ADA will likely track the price movement of Bitcoin (BTC). BTC underwent a major liquidation last month, with many whales dumping their coins as the market crash deepened.
The decreasing likelihood of another interest rate cut in 2025 is driving investors away from the crypto market. We may see some easing in 2026, but until then the market is likely to continue facing further corrections. It is also possible that we will enter a secular bear market, a trend that we will see in 2022-2023. If the current trend continues, Cardano (ADA) price may not move positively in the coming months.
Nevertheless, if macroeconomic conditions improve over the next month, a rate cut could occur in early 2026. This development may bring some relief to investors. Cardano (ADA) and the larger crypto market could rebound if the Fed announces any monetary easing.