Cardano Plummets, Will $0.30 Hold to Spark a Potential 80% Rebound?

Cardano’s price has plummeted, falling to around $0.42 as selling pressure pushes the token towards its key support level near $0.30. Analysts warn this crucial support may be breached, leading to a potentially significant drop to $0.25. However, historical market bounces and an oversold RSI hint at a bullish rebound potential toward $0.55 if the floor holds. This potential turnaround is fueled by recent whale accumulation and long-term on-chain growth.