🔥 Is Cardano's Dream Shattered? $10 Target Too Far, $1 More Realistic! 🔥

Despite breaking the $0.60 mark at the beginning of the second quarter, Cardano (ADA) has not sustained its price momentum and instead has entered a consolidation phase. While there are aggressive predictions that ADA could reach $10, the reality seems to be far from this target.

📉 Lack of Upward Momentum, Can Cardano Break $1?

Cardano performed well at the beginning of this year, briefly surpassing $0.80, but the trading volume and price have shown a significant decline, lacking further upward momentum. Technical indicators show that the price remains stagnant, with a slight increase in volume, but no explosive growth has occurred.

🔍 Hype Cooling Down, Difficult to Have Stunning Performance in the Short Term

This year, ADA's RSI has only entered the overbought zone once, primarily driven by short-term speculation rather than long-term upward momentum. Unless there are significant changes in the market or technical aspects, it is unlikely that Cardano will break through the $1 mark.

⚠️ Weakening Fundamentals, Can It Rebound?

Although Charles Hoskinson firmly believes that fundamentals will push Cardano higher, the reality is not optimistic. Cardano's network fees have significantly decreased, and several key indicators have hit new lows in months, leading to a decline in market confidence.

🌟 Summary: $1 Within Reach, $10 Dream Hard to Achieve

Currently, it seems that Cardano still faces significant pressure to break $1, while the high price target of $10 is nearly impossible to achieve.