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Cardano (ADA) has faced a steep downturn in recent days, rekindling discussions on its long-term viability. After starting the week above $0.65, ADA plunged to just under $0.52 on April 7. Although it rebounded slightly on April 8 to around $0.61, the recovery quickly lost steam. By April 9, Cardano was trading at $0.5694, marking a 24-hour drop of 2.6%, a 7-day loss of 15.4%, and a 14-day decline totaling 25.9%.
Crypto analyst Jesse Olson highlighted the significance of this decline, pointing out that ADA has now returned to its February 2021 price levels—exactly 1,519 days later. His chart on X depicted a four-year journey of wild price swings, only to bring long-term holders back to break-even. The sobering analysis challenges the common belief that holding through multiple cycles guarantees profitability.
Brutal, #Cardano holders never got to see a new ATH.
— Jesse Olson (@JesseOlson) April 9, 2025
1,519 days later and you can buy the same price as it was February 2021.
Never a guarantee. pic.twitter.com/8ByGiibC6k
Yet, not everyone is bearish. Influential crypto commentator Alex Becker recently named Cardano as one of eight tokens he believes could rally by 2026. Despite prior skepticism, Becker now sees ADA’s current price range as a discounted entry point. He cited ADA’s decentralization, fast transactions, and increasing network activity as key drivers, projecting a potential surge to $5—well above its all-time high of $3.09.
Adding fuel to the bullish case, Becker referenced institutional interest, including ETF-related developments and ADA’s inclusion in U.S. crypto reserves, as significant catalysts for future growth.
Technical charts also suggest room for optimism. A TradingView analyst pointed to ADA’s position within a long-term ascending channel, a structure that previously saw the token soar from $0.20 to $2.70 in 2021. If history repeats, resistance at $2.7567 could be the next target, with long-term projections reaching as high as $50.4821.
Also Read: Cardano Nears First Death Cross of 2025: Will ADA Crash or Rebound? Analyst
While Cardano’s current slump paints a bleak short-term picture, analysts agree that macro trends and historical price patterns may set the stage for a significant rebound. Whether ADA will rise again depends on both market momentum and renewed investor confidence.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
