Cardano (ADA) Sees Significant Drop, But Analysts Highlight Potential Rebound

Cardano (ADA) experienced a notable decline of 8% in the past day, following a broader sell-off across the cryptocurrency market. This correction has pushed its price below $0.40, reflecting a substantial 60% drop from its high in mid-September. However, despite the bearish conditions, some analysts are looking at potential buying opportunities based on recent technical indicators. These experts suggest that ADA’s price could rebound.