Cardano Price Predictions: Is $0.50 the Next Target as Dormant Wallets Spike?

Recent data from Santiment reveals a concerning trend for Cardano’s price. Over the past week, ADA has experienced a 17% decline in value, coinciding with an increase in dormant wallet activity. This decline further adds fuel to the concerns of bearish analysts who are predicting a yearly low of $0.50. Cardano’s trading volume over the last 24 hours has also decreased by 10.37%, falling to $1.37 billion.