Cardano’s Next Move: Will Economic Shifts Spark a Price Drop?
A crypto strategist has raised concerns about Cardano (ADA), cautioning that its price could take a hit depending on upcoming U.S. economic data.
The analyst suggests that ADA may be vulnerable to a sharp decline if figures like unemployment or inflation come in worse than expected. However, if economic indicators remain steady, Cardano could replicate a previous pattern and surpass its recent peak of $1.20.
“ADA might show short-term weakness,” the strategist remarked. “But unless a significant economic shock occurs, there’s a chance it could follow a similar trend seen in prior years and rally beyond its current highs.”
The analyst also highlighted that Cardano’s current price action resembles movements from early 2024. During that time, ADA experienced a spike followed by a decline before recovering.
READ MORE:
How a Bitcoin Whale Lost $13 Million in Just 6 Days“There’s a possibility ADA may revisit the $0.75 to $0.85 range, mirroring last year’s pattern,” he said, while emphasizing that past trends don’t guarantee future results.
As the crypto market braces for potential macroeconomic shifts, Cardano investors remain alert to both risks and opportunities in the days ahead.
