Despite recent price declines, analysts remain optimistic about the potential rebound of Cardano (ADA). Technical indicators suggest a recovery, with the price consolidating near the lower boundary of a parallel channel. If support holds, ADA could target the $0.90–$0.94 range. A separate analysis predicts that Cardano could surpass assets like Dogecoin and USD Coin, positioning itself as the sixth or seventh-largest cryptocurrency. Catalysts for potential growth include a strong bull market cycle and potential adoption by the U.S. government for expenditure tracking. Increasing network activity, including growth in daily active addresses, indicates sustained interest in the Cardano network.



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