Cardano, a prominent cryptocurrency, has experienced a sustained downtrend since reaching its all-time high of $3.1 in August 2021. A brief rally occurred in early 2024, but the coin has continued to decline.
Currently trading at $0.347, Cardano has hit a level not seen in two years, sparking discussions among market analysts.
These analysts suggest the possibility of Cardano's price forming a long-term bottom, which could indicate a potential recovery in the cryptocurrency's valuation.
