Cardano

Cronos

Shiba Inu

Cardano price has faced a sharp reversal, dropping nearly 21% from its highest level this month as investors took profits. 
Cardano (<a rel="" href="https://crypto.news/price/cardano/">ADA</a>) was trading at $0.92 on Tuesday, Nov. 26, giving back some of the gains it made in recent weeks. 
This decline mirrors broader trends across the crypto market. Solana (<a href="https://crypto.news/price/solana/" target="_blank">SOL</a>), the first-growing layer-2 network, dropped by 12.65% from its highest level this month. Similarly, Polkadot (<a href="https://crypto.news/price/polkadot/" target="_blank">DOT</a>) and Cronos (<a href="https://crypto.news/price/cronos/" target="_blank">CRO</a>) have fallen by double digits. 
Crypto analysts remain optimistic that ADA will resume its bullish trajectory, describing the current dip as a normal retracement in a bull market. Historically, cryptocurrencies often experience minor pullbacks during extended rallies. 
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In an X post, Dan Gambrardello, who has over 273,000 followers, described the decline as temporary. He predicted that Cardano could reach $5 to $10 when Bitcoin hits $200,000. 
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 These dips are your best friend when you realize they’re the path to <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> hitting $200k, <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ADA</a> climbing to $5–$10, and <a href="https://twitter.com/search?q=%24DOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$DOG</a> reaching a $20B+ market cap. Embrace the process.— Dan Gambardello (@cryptorecruitr) <a href="https://twitter.com/cryptorecruitr/status/1861380286140895647?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 26, 2024</a>
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With Cardano currently trading at $0.92, a move to $10 would represent a 987% increase. While significant, such growth is not unheard of in the crypto market. Between Aug. 2 and Nov. 23, Cardano surged over 315% and has risen 3,670% from its 2018 low. 
In another post, <a href="https://x.com/angrycryptoshow/status/1860843965622174053" target="_blank" rel="nofollow">DustyBC</a>, a popular crypto pro, estimated that Cardano will jump to $12 at base.&nbsp; 
Fundamentally, analysts believe Cardano will benefit from its expanding ecosystem and potential shifts away from more expensive blockchains like Solana and Ethereum. Speculation around the approval of a spot Cardano ETF by 2025 further bolsters positive sentiment. 
<h2 class="wp-block-heading" id="cardano-price-has-more-room-to-run">Cardano price has more room to run</h2> 
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 ADA price chart | Source: <a rel="" href="https://crypto.news/price/cardano/">crypto.news</a>&nbsp;
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The weekly chart shows that Cardano has rebounded in recent weeks, hitting a high of $1.1520, its peak since April 2022. 
The price has surpassed the crucial resistance level of $0.80, previously its high on March 4. Cardano is now attempting to retest this level as support, a common continuation signal in technical analysis. 
Currently, ADA is hovering around the 23.6% Fibonacci Retracement level and remains above the 50-week and 100-week moving averages. Analysts suggest that Cardano could rise to the 50% retracement level at $1.6700, which would mark an 82% gain from its current price. 
 You might also like: <a rel="" href="https://crypto.news/shiba-inu-burn-rate-dips-can-its-price-recover-by-90/"> Shiba Inu burn rate dips: can its price recover by 90%? </a>

Cardano price suffers a harsh reversal as pro sees a path to $10

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