📈🚀 Cardano Price Prediction: Analyst Says 80-90% Correction Is Over With 100% Jump Imminent

📉 Cardano Faces Pressure
Cardano (ADA) has struggled recently, dropping below $0.3550 and losing 15% over the past 30 days. Many holders are in the red, selling to cut losses, which could push ADA lower in the short term.

📊 Analyst: 80-90% Correction Over
An analyst on TradingView suggests ADA’s correction is 80-90% complete. While ADA is still down 56% from its 2024 high of $0.7742, the drop may be nearing its end. Compared to other large-cap cryptos like Bitcoin and Solana, ADA has yet to show significant upward momentum.

⚠️ Possible Further Drops
Although a further drop is possible, it would likely be mild and short-lived, lasting only days or weeks. Analyst Alan Santana believes the major corrections are mostly over, reducing the risk of a significant drop.

📈 Long-Term Growth Outlook
Santana advises against selling, as ADA is in the accumulation zone and poised for a long-term recovery. He predicts a gradual rise between November 2024 and February 2025, with a potential price above $0.70 by March 2025, representing a 130% increase.

💵 Current ADA Price
At the time of writing, ADA is trading at $0.3371, up 1.25% in the last 24 hours.