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Cardano has maintained a strong downtrend since reaching its all-time high (ATH) in September 2021. Just when many investors believe that crypto prices have dipped low enough, they tend to go lower. If Cardano was to set a lower low, what price would it reach?
Cardano Price Prediction
Investors who bought Cardano (ADA) at the end of 2020 practically bought the lows because ADA went on an epic bull run at the beginning of 2021. This proof of stake crypto surged more than 2,000% to reach its ATH of $3.09.
Prices declined sharply in the months that followed in line with the wider global markets, with ADA losing 87% of its value until now. The coin appeared to have broken out of a downtrend in March 2022, signaling a possible reversal.
Cardano Price Chart vis Cointrader
But the bounce in March 2022 turned out to be a bull trap because ADA...
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