$ADA

Is Cardano ready for a rebound after a near 40% drop?

Cardano has fallen 37% in the past three weeks, trading below $1.

Michael van de Poppe believes the token could rise to $3.09 in 2025 or 2026.

Cardano is currently trading at $0.8381, down 5% in the past 24 hours.

Cardano could surge above $3 in 2025 or 2026

In a December 30 X post, MN Consulting founder Michael van de Poppe predicted that the Cardano token price could hit record highs of $3.09 in 2025 or 2026.

The analyst expects the token price to recover around $0.7460, a critical resistance point for years after the asset’s 2022 decline. With the level broken in 2024, Poppe sees it as a support area for the next price rally. However, ADA must overcome potential resistance at $1.2430 to see new highs in 2025.

He added:

The scenario remains the same. Very strong upside and a 40% correction. I think we are nearing the end of this correction, from which I expect a new move for things like ADA.

~Michael van de Poppe