Cardano’s native token, once part of crypto’s elite top-10 ranks, has been one of the hardest-hit digital assets during the ongoing bear market.
Over the past year its price has fallen roughly 65%, yet many analysts remain optimistic and believe a sizable recovery could be ahead.
Is ADA Dead or Just Sleeping?
At the time of writing, ADA trades near $0.25, having last reached the $1 mark about a year ago. While some market participants argue Cardano will struggle to regain its prior standing, others reject the notion that the project is finished. X user Sssebi pointed out that anyone calling Cardano “dead” likely hasn’t experienced prior bear markets.
The analyst explained that underperformance during bearish cycles is common, but when sentiment turns positive, dramatic 200–300% rallies can occur within weeks.
“Don’t get fooled by an overall bad sentiment across all markets,” they wrote.
The comment drew mixed reactions. Some echoed the sentiment and predicted a rebound. For example, non-custodial staking provider Everstake suggested Cardano “is set to surprise everyone this year.”
Others, however, remain skeptical. These critics are disappointed with ADA’s recent performance, doubt a sustained recovery, and recommend taking profits if a significant bounce occurs.
Analyst Javon Marks recently added his view, suggesting that ADA may have built a base over the past few years similar to the structure that preceded Cardano’s strong rally in 2021.
Waiting for a Major Move
Earlier this month, analyst Ali Martinez argued that ADA sits at a “make-or-break” level around $0.243. Martinez noted this area has acted as a key pivot and a launchpad for major swings in the past.
Maintaining that support could open the path to $0.30, while losing it might indicate structural weakness and potentially push the price down toward $0.10. Despite a brief dip to $0.24 on April 20, buyers have largely defended that zone.
At the same time, ADA’s recent exchange netflows have been mostly negative, meaning more tokens are being withdrawn from centralized exchanges and moved into self-custody. This shift reduces immediate selling pressure and can be a bullish signal if sustained.