thecryptobasic.com
Market analysts are betting on Cardano to make a comeback from recent downsides, as its price nears historical bottom levels.
Cardano trades at a massive discount, having corrected by 90.9% from its all-time high, according to CoinMarketCap. While some might freak out, several analyses have highlighted $ADA as a great asset with the potential to recover from the current setback to unprecedented prices.
Key Points
- Market analysts are betting on Cardano to make a comeback from recent downsides, as its price nears historical bottom levels.
- While not all altcoins will make a comeback, analysis highlighted $ADA as one of the few that could recover.
- It was better to buy Cardano here than at the December 2024 high of $1.32 or the August 2025 high of $1.019.
- However, the tone remains cautious due to uncertainties.
Cardano Not Dead: The Moon Show
The Moon Show co-host Efe Kelemci, aka “the Crypto Kid,” is the latest market watcher to conclude that Cardano has strong rebound ability. He called Cardano a “better layer 1” and, in fact, one of the best of the layer 1 networks.
Also, he said $ADA would rebound from its current lows, insisting it is not dead. He mentioned this even as the coin trades near its previous bear market lows, dropping to $0.2205 before rebounding to its current price of $0.0285.
While not all altcoins will make a comeback, Crypto Kid highlighted $ADA as one of the few that would recover. He noted that the coin is in that particular category, hinging the belief on its ecosystem strength.
As a result, he sees this price level or slightly lower as a good entry point for outsized gains when the bull season starts. The analyst suggested that it was better to buy Cardano here than at the December 2024 high of $1.32 or the August 2025 peak of $1.019.
“You obviously want to buy 99% down, and that’s where we are for Cardano,” he stated.
Cardano is a Great Asset
Interestingly, Crypto Kid is not the only analyst holding this firm belief on Cardano. YouTuber Crypto Jebb also recently shared this sentiment, calling $ADA a “great asset.”
According to him, it is one of the assets that one can’t resist buying at a good price. The market watcher called these levels a fantastic entry point, as the bottom price is not far away. When the recovery does start, he noted that $ADA would target prices around $2.
Meanwhile, Cardano SPO is also in sync with this narrative, claiming that these levels provide generational entry points. His target is at least a twentyfold rally from the current price, which would align with a new all-time high above $5.
However, the tone is still cautious due to uncertainties. While analysts claim that the mid- and long-term expectations remain bullish, $ADA would first have to withstand the current harsh market environment.