Cardano’s ADA token is currently in a tough spot. It lost over 3% in the past 24 hours and nearly 30% in the past month. The price dip from over $0.81 to as low as $0.60 came during the recent crypto market crash caused by Trump’s China tariff announcement.
Cardano suffered one of the most considerable losses in the crypto market, but coincidentally, it landed directly in the middle of the so-called “opportunity zone”. It has hit rock bottom, reaching a position where the selling pressure completely disappeared, opening up doors for token accumulation.
As investors pour funds into ADA tokens, Cardano will likely rebound, turning a bearish sentiment into a bull run that could match the prices before the dip in the upcoming weeks. Major KPIs such as MRVP, CMF, and others point to a price turnaround, possibly before the end of the week. If the trend continues, short-term price recovery is almost a certainty.
Cardano is currently holding steady above the $0.623 support line at the time of writing, and could test $0.661 next. However, for it to be in full recovery, ADA has to breach $0.754, which would result in in the near future. The bottom line is that now is the perfect time to invest in ADA tokens to achieve profits. However, Cardano’s potential dwarfs when compared to the best meme coins still available in presale, led by Bitcoin Hyper, Maxi Doge, and Snorter Bot. Let’s see why.
