“A stumble is not a fall” says the saying, and that’s what the enthusiastic analysts of Cardano (ADA) think. Despite the weekly correction of 9%, they maintain the possibility of a rebound, according to Dimitar Dzhondzhorov.
The X user, Sssebi, assumed that ADA is preparing for a rebound, stating that "the bulls are strong and buying pressure is increasing." Previously, the trader suggested that the recent drop of the asset to nearly 0.65 dollars could have signaled a local minimum. "Let’s surpass 0.70 dollars now and then exceed 0.75 dollars," he added.
Lucky also intervened. The analyst, with over 2.2 million followers on X, described ADA as a "top 10 gem, ready for another move."
This is not the first time Lucky has spoken favorably about ADA. Earlier this year, the analyst anticipated a price increase above 2 dollars, citing "strong fundamentals, growing adoption" and the expanding ecosystem of Cardano.
X users, Henry and Ali Martinez, also recently shared their opinions. The former described ADA as the ocean: "Calm, deep, and misunderstood." The analyst stated that the token was "built to last," predicting an increase to 3 dollars at some point this year.
Martinez addressed the topic in mid-May when ADA was worth around 0.78 dollars. He suggested that the price could reach 1 dollar if it surpassed the resistance of 0.81 dollars.
The valuation briefly spiked above that mark in the following days, only to plummet shortly after. In fact, the last time the cryptocurrency exceeded 1 dollar was in early March of this year.
