Cardano Price Prediction: ADA Crashed hard But This Might be Next!

Cardano Drops Below $0.70 as Crypto Market Crashes

The crypto market continues its downward spiral, with Cardano (ADA) plunging below $0.70. Currently trading at $0.66, ADA has lost 10% in the past 24 hours, following the broader market sell-off. If this trend continues, analysts warn that Cardano could fall to as low as $0.40 in the coming days.

ADA/USDT 1-day chart - Bitget

Why Is Cardano Crashing?

Several major factors have contributed to the sharp decline in ADA’s price:

SEC ETF Delays – Investors remain cautious as the U.S. SEC has yet to approve key crypto ETFs. The uncertainty is holding back buying activity, contributing to market weakness.

Profit-Taking from the Previous Bull Market – Traders are selling off assets to secure profits, increasing selling pressure on major altcoins like Cardano.

Bybit Hack Shakes Market Confidence – A $1.4 billion hack on Bybit has rattled investors, leading to panic selling across the market. Security fears often cause traders to exit positions to minimize risks.

Cardano Price Prediction: How Low Can ADA Go?

If the selling pressure continues, ADA could drop to key support levels:

• $0.56 – First major support; a break below could trigger deeper losses.
• $0.48 – A critical level that could see increased selling pressure.
• $0.40 – The worst-case scenario if market sentiment continues to decline.

Cardano’s future remains uncertain as macroeconomic factors and regulatory concerns weigh on the entire crypto market. If Bitcoin and Ethereum continue to fall, ADA could see even more downside in the coming days.