Cardano crashes almost 20%, but analyst predicts price above 9 dollars

The Cardano price had an erratic month. While ADA initially rose sharply, the currency has now fallen by almost twenty percent. Yet analyst Emilio Bojan remains remarkably positive. According to him, the current price zone is the perfect time to enter.

ADA price drops below important support

Cardano (ADA) started the year strong, peaking around $0.44. The price has now fallen to below $0.36. As a result, ADA lost more than eighteen percent of its value in a short time.

According to analyst Emilio Bojan, ADA is in a crucial consolidation phase. He sees the current price as a strong accumulation zone that could be the prelude to a strong price breakout.

Ambitious ADA predictions above $9

Despite the recent price drop, Emilio Bojan sees plenty of opportunities for Cardano. The analyst predicts several scenarios in which the price could rise by 107 to even 2,493 percent. In its most optimistic forecast, the ADA price rises to above 9 dollars.

Yet not all analysts agree with him. Trend Rider warns on X that Cardano is still stuck in a bearish pattern on the weekly chart. His indicator shows that selling pressure still dominates. “An outbreak is still a long way off,” he says.

Macroeconomic uncertainty weighs on ADA’s price

A recovery of the Cardano price does not only depend on technical factors. The broader economic climate also plays a role. New geopolitical tensions around Greenland, caused by Trump’s import duties against the Netherlands and others, are putting pressure on the entire crypto market.

In these uncertain times, investors are turning to safe havens such as gold and silver. This is at the expense of risky assets such as ADA.

The interest rate policy of the US central bank also remains a brake on the market. The chance of an interest rate cut this month is only five percent, according to the futures market. Although inflation was not too bad, the labor market turned out to be remarkably strong. That gives the Federal Reserve little reason to intervene quickly.