Price forecast for $ADA : return to $1

At the time of writing, Cardano is trading around $0.89, holding just above the important support level of $0.87. Maintaining this support is necessary for the asset to regain upward momentum and reach the $1.00 mark—a key psychological and technical barrier.

Breaking through $1.00 is critical for the start of recovery. If ADA reaches this level, the altcoin will be able to begin recovering recent losses with a target of $1.23. This mark will be an important step that lays the foundation for a continued rally.

However, losing support at the $0.87 level could have serious consequences for Cardano's price dynamics. A drop to $0.77 or below would nullify the bullish forecast, increasing losses and heightening investor skepticism. Staying above this support is vital to avoid a protracted downtrend.#BtcNewHolder $XLM $TRX