{"id":633710,"date":"2024-08-07T14:00:10","date_gmt":"2024-08-07T14:00:10","guid":{"rendered":"https:\/\/wncen.com\/?p=633710"},"modified":"2024-08-07T09:47:45","modified_gmt":"2024-08-07T09:47:45","slug":"cardano-price-crash-buy-ada","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-price-crash-buy-ada\/","title":{"rendered":"Cardano Price Crash Below $0.3: Is It Time For You To Buy ADA?"},"content":{"rendered":"

Cardano is one of the altcoins that have been significantly impacted in the crypto market crash triggered by the Bitcoin decline. However, while this could sound as the end of the road for some, others are seeing this as an opportunity to buy the cryptocurrency for cheap. One of those is crypto analyst Alan Santana, whose recent analysis points toward bullishness for the ADA price<\/a> in spite of the decline.<\/p>\n

The State Of Cardano<\/h2>\n

Crypto analyst Alan Santana has outlined why the Cardano altcoin<\/a> could be a good buy from these prices. In the analysis posted on TradingView, Santana suggests<\/a> that investing in an altcoin like Cardano should be focused on the long term rather than the short term.<\/p>\n

Related Reading: Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High<\/a><\/div>\n

The analyst pointed out that the Cardano price is currently undergoing a major correction. However, there is no cause for alarm as this decline isn\u2019t localized to just Cardano alone. Rather, it is affecting the entire crypto market.<\/p>\n

Instead of focusing on the market decline, Santana points out that Cardano is a great project<\/a>, so it is better to pay attention to what is to come. For example, the current level is a good level to begin accumulating AD coins and the Fibonacci indicator supports this.<\/p>\n

Presently, the ADA price has lost its support at the 0.786 Fibonacci<\/a> retracement, which is bearish for the short term. This is because it will cause the altcoin price to actually move to its long-term support of $0.25 seen in January and October 2023. Nevertheless, this makes it a good time to start buying for long-term gains, according to the analyst.<\/p>\n

Can ADA Return To Its ATH?<\/h2>\n

With the Cardano price plunge below $0.29, it is now down almost 91% from its September 2021 all-time high of $3.1. This means that the altcoin\u2019s price<\/a> will have to do a 10x to reach a new all-time high, and with the expectation of potential upside, it could make now a unique opportunity to buy.<\/p>\n

Related Reading: Bitcoin Crash Over? Veteran Trader Predicts Rebound To $90,000<\/a><\/div>\n

On his part, crypto analyst Alan Santana expects the ADA price<\/a> to reach a bottom and then bounce from $0.25. The top of the target from here lies just above $0.65, meaning that this would be a 150% increase in price from the historical support level of $0.25.<\/p>\n

Santana is not the only crypto analyst that sees upside for Cardano <\/a>as another analyst Captain Fabik also expects the altcoin\u2019s price to rise. The crypto analyst had pointed out a Falling Wedge Breakout<\/a> on the chart, signaling a 70% rally for the digital asset.<\/p>\n

However, another crypto analyst Crypto Bullet believes that the ADA price will actually underperform in this bull market. While the analyst believes a price increase is possible, they do not believe that the price will reach a new all-time high this cycle.<\/p>\n

\"Cardano
ADA price enters recovery trend | Source: ADAUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Cardano is one of the altcoins that have been significantly impacted in the crypto market crash triggered by the Bitcoin decline. However, while this could sound as the end of the road for some, others are seeing this as an opportunity to buy the cryptocurrency for cheap. One of those is crypto analyst Alan Santana, whose recent analysis points toward bullishness for the ADA price in spite of the decline. The State Of Cardano Crypto analyst Alan Santana has outlined why the Cardano altcoin could be a good buy from these prices. In the analysis posted on TradingView, Santana suggests that investing in an altcoin like Cardano should be focused on the long term rather than the short term. Related Reading: Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High The analyst pointed out that the Cardano price is currently undergoing a major correction. However, there is no cause for alarm as this decline isn\u2019t localized to just Cardano alone. Rather, it is affecting the entire crypto market. Instead of focusing on the market decline, Santana points out that Cardano is a great project, so it is better to pay attention to what is to come. For example, the current level is a good level to begin accumulating AD coins and the Fibonacci indicator supports this. Presently, the ADA price has lost its support at the 0.786 Fibonacci retracement, which is bearish for the short term. This is because it will cause the altcoin price to actually move to its long-term support of $0.25 seen in January and October 2023. Nevertheless, this makes it a good time to start buying for long-term gains, according to the analyst. Can ADA Return To Its ATH? With the Cardano price plunge below $0.29, it is now down almost 91% from its September 2021 all-time high of $3.1. This means that the altcoin\u2019s price will have to do a 10x to reach a new all-time high, and with the expectation of potential upside, it could make now a unique opportunity to buy. Related Reading: Bitcoin Crash Over? Veteran Trader Predicts Rebound To $90,000 On his part, crypto analyst Alan Santana expects the ADA price to reach a bottom and then bounce from $0.25. The top of the target from here lies just above $0.65, meaning that this would be a 150% increase in price from the historical support level of $0.25. Santana is not the only crypto analyst that sees upside for Cardano as another analyst Captain Fabik also expects the altcoin\u2019s price to rise. The crypto analyst had pointed out a Falling Wedge Breakout on the chart, signaling a 70% rally for the digital asset. However, another crypto analyst Crypto Bullet believes that the ADA price will actually underperform in this bull market. While the analyst believes a price increase is possible, they do not believe that the price will reach a new all-time high this cycle. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":633721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,89347,84005,14643,79508,12332,89230,12329],"class_list":["post-633710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-news","tag-ada-price","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-news","tag-cardano-price"],"acf":[],"yoast_head":"\nCardano Price Crash Below $0.3: Is It Time For You To Buy ADA?<\/title>\n<meta name=\"description\" content=\"Cardano is one of the altcoins that have been significantly impacted in the crypto market crash triggered by the Bitcoin decline.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Price Crash Below $0.3: Is It Time For You To Buy ADA?","url":"http:\/\/wncen.com\/news\/cardano\/cardano-price-crash-buy-ada\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/cardano-price-crash-buy-ada\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Cardano-ADA.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Cardano-ADA.jpeg?fit=1792%2C1024"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada news","ada price","adausd","adausdt","cardano","cardano news","cardano price"],"dateCreated":"2024-08-07T14:00:10Z","datePublished":"2024-08-07T14:00:10Z","dateModified":"2024-08-07T14:00:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Price Crash Below $0.3: Is It Time For You To Buy ADA?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-price-crash-buy-ada\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-price-crash-buy-ada\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Cardano-ADA.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Cardano-ADA.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada news\",\"ada price\",\"adausd\",\"adausdt\",\"cardano\",\"cardano news\",\"cardano price\"],\"dateCreated\":\"2024-08-07T14:00:10Z\",\"datePublished\":\"2024-08-07T14:00:10Z\",\"dateModified\":\"2024-08-07T14:00:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Cardano-ADA.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/633710"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=633710"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/633710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/633721"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=633710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=633710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=633710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}