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Alejandro Arrieche
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ADA’s trading volumes have been shrinking steadily for weeks, raising questions about whether bullish Cardano price predictions still hold up this cycle.
New data from Artemis reveals that weekly volume has been in consistent decline since the October 10 flash crash, when activity briefly spiked to $15 billion.
With fewer traders showing interest, ADA’s momentum may continue to weaken unless new catalysts emerge.
However, the combination of lower interest plus a strong drop from $0.85 to $0.35 at the time of writing has pushed down weekly volumes to just $3.8 billion as of last week, for a 75% decline.
Paired with the fact that Wall Street has been reluctant to list an exchange-traded fund (ETF) for this altcoin, is this wave of bearish momentum about to push ADA to lower levels?
Cardano Price Prediction: Key Support Breakout Could Result in a 43% Drop
The daily chart shows that ADA has once again hit the $0.35 support area. This was a strong area of accumulation back in 2024 that acted as a launchpad for the token’s post-election rally.
However, market conditions are quite different now. Sentiment remains heavily depressed, and positive catalysts don’t seem to be strong enough to prompt a reversal.
In this scenario, a bearish breakout of this level seems like the most likely outcome. If that happens, ADA could plunge to $0.20, meaning a 43% downside risk.
On the other hand, if this support area holds and the market’s interest in ADA at $0.35 persists, it could result in a short-term bounce that decelerates the token’s latest downtrend.
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https://cryptonews.com/news/cardano-price-prediction-ada-price-just-collapsed-why-ada-is-suddenly-terrifying-traders/
