Cardano (ADA) is facing a challenging market trend, with the price dropping below the crucial psychological mark of $0.75. A downtrend, indicated by lower highs and lower lows, has left buyers struggling to push prices higher. This suggests sellers are in control, as seen by Cardano’s 7.1% drop over the past week and its current trading price at $0.735 on CoinGecko. Despite this downturn, prominent whales have been aggressively accumulating ADA, recently purchasing over 80 million coins worth a significant $57 million. This accumulation strategy offers hope for Cardano’s future. Market analysts like Jimmy X and Arab Crypta believe that a bullish reversal could see the ninth-largest cryptocurrency reach its historic peak of $1 based on market capitalization. Both experts cite the ADA price’s recent defense at the psychological level of $3 as another sign of potential recovery. Cardano, a third-generation blockchain known for its focus on sustainability, interoperability, and scalability, aims to address these issues in existing blockchains like Ethereum (ETH) and Bitcoin (BTC).