Cardano\u2019s native token is once again under heavy pressure, alongside most of the market. However, while BTC and most other alts crashed to their lowest levels since the US presidential elections in late 2024, ADA went even further, dropping to $0.222 (on Bitstamp and other exchanges) for the first time since June 2023.<\/p>\n
Despite recovering slightly to $0.27, the token is still 34% down monthly. Moreover, it has plunged by 80% since its cycle top at $1.33 marked in late 2024. Consequently, we asked ChatGPT and Gemini whether the worst is behind ADA or if there is more pain around the corner.<\/p>\n
ChatGPT began with some harsh words for Cardano investors, suggesting that the decline to the $0.22 area is \u201cnot just another routine dip.\u201d Instead, it believes it represents a \u201cstructural breakdown of long-term support, confirming that sellers remain firmly in control.\u201d This was proven after the asset plunged below key support levels at $0.40, $0.30, and even $0.25 (which was later reclaimed, though).<\/p>\n
What could spell further trouble for ADA looking ahead is that these consecutive price drops suggest that \u201cthe buy-the-dip demand has steadily weakened\u201d lately. As such, all eyes have now turned to the $0.20 support, which has become the \u201cline in the sand.\u201d<\/p>\n
If ADA is to fall below that psychological level, the most realistic target during the ongoing bear phase would be a dip to $0.15-$0.16. However, ChatGPT outlined a more extreme capitulation scenario, in which the token plummets to $0.10-$0.12.<\/p>\n
\u201cWhile this may sound shocking, large-cap altcoins have historically lost 80-90% from cycle highs during severe downturns. ADA is not immune to that pattern,\u201d it concluded.<\/p>\n
Dumping below $0.30 meant that ADA\u2019s daily chart has turned into a \u201cfalling knife,\u201d said Gemini. This breakdown below the multi-year support was the \u201cfinal nail in the coffin for many long-term holders.\u201d On its way down, the asset dumped below its 200-day MA (at around $0.45), and it obliterated millions in leveraged longs.\u00a0Gemini\u2019s \u201cnightmare\u201d scenario envisions a drop to even below $0.10 if certain factors align in an adverse manner:<\/p>\n
\u201cIf Bitcoin capitulates to $55K in the coming weeks, ADA risks losing its status as a \u201cmajor\u201d altcoin. A breakdown below $0.15 opens a liquidity vacuum all the way down to $0.09. While this sounds impossible, remember that \u201cimpossible\u201d things happen regularly in crypto winters,\u201d it warned.<\/p>\n
The post \u2018Falling Knife\u2019: Gemini and ChatGPT Predict Shocking Lows for Cardano\u2019s ADA<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Cardano\u2019s native token is once again under heavy pressure, alongside most of the market. However, while BTC and most other alts crashed to their lowest levels since the US presidential elections in late 2024, ADA went even further, dropping to $0.222 (on Bitstamp and other exchanges) for the first time since June 2023. Despite recovering […]<\/p>\n","protected":false},"author":0,"featured_media":133443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-133442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133442"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133442"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/133443"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}