Cardano Price Faces Potential Dip Before Rebound: Analysts Weigh In

Cardano (ADA) price is currently facing headwinds, with analysts warning of potential further declines before a possible rebound to $1. Key factors contributing to this uncertainty include whale activity, regulatory events, and technical issues. 12% dip below $0.70 has triggered concerns about the future trajectory of ADA. Analysts point to support levels in the range of $0.42-$0.53 as potential turning points.