Cardano (ADA) Drops 15%: Market Analysts Maintain Bullish $0.9 Price Target Despite Correction

Despite a significant 15% decline in Cardano’s (ADA) value, cryptocurrency experts remain optimistic about its potential rebound to $0.9. The recent market downturn has not shaken long-term confidence in ADA’s fundamentals, with technical analysts pointing to strong support levels and upcoming network developments as key drivers for recovery. Institutional interest continues to grow, with several hedge funds accumulating ADA during this dip, viewing it as an attractive entry point. The $0.9 price target reflects both technical patterns and the anticipated impact of Cardano’s ongoing ecosystem expansion, including new smart contract capabilities and DeFi integrations.

Also Read: Cardano: How High Will ADA Trade Six Months From Now?

Cardano Looking to Reverse Month-Long Drop, But How High Can It Go?

There are a few cryptocurrencies that entered 2025 with as much potential as Cardano. Indeed, it sat among promising tokens like Solana (SOL), Ripple (XRP), and similar tokens. Although it has failed to make good on that in the first three months of the year, things could be turning around.

Cardano is down more than 15% over the last 30 days, according to CoinMarketCap, while experts are pointing to $0.9 upside for ADA. Indeed, it is expected to reverse the 1.3% drop that took place Wednesday, with the asset holding onto key support at the $0.61 level.

Also Read: Cardano Reverses 14% Drop: Where Will ADA Go Next?

The cryptocurrency had previously hit lows of $0.51, showing investor support to maintain its current state. Moreover, the asset has seen an ascending triangle on its price chart. That could be key in orchestrating an increase to the $0.73 mark.

That is supported by experts being increasingly bullish on its yearly outlook. Crypto price prediction platform CoinCodex predicts the asset could retake the $0.77 mark by April’s end. If it doesn’t, it should be steady for the next four months. Indeed, they project ADA will jump more than 54% to reach a $0.94 price by August.