The Cardano price dipped 30% in the last 30 days and is now trying to protect $0.65 support level.
This is actually a bigger dip compared to Solana or XRP for instance, altcoins that dipped around 17% during the same period. However, popular crypto YouTuber ‘LuckSide Crypto’ believes ADA actually won’t dip as much as other popular altcoins anymore.
What you'll learn 👉
Strong Community Conviction Creates ADA Price Floor
LuckSide Crypto remains bullish on ADA despite recent market turbulence. While some prominent analysts believe major price movements won’t happen until Q3 or Q4 of 2025, LuckSide expects significant upward movement much sooner – potentially as early as April or May 2025.
The Cardano price is 50% below from its local high of around $1.32 reached in December. However, what makes ADA different is the extraordinary conviction of its holder base. Cardano investors tend to be long-term believers in the project rather than short-term traders looking for quick profits.
This is evident in the increasing average hold time for ADA tokens. During market dips, instead of panic selling, the Cardano community has consistently shown a pattern of accumulation. Many holders, including LuckSide himself, express unwillingness to sell at current price levels around $0.64.
While bears suggest ADA could drop further to $0.50, this scenario faces a big obstacle: it would require huge selling pressure, which seems unlikely given the community’s demonstrated resistance to selling at these levels.
Read also: We Asked AI to Predict Cardano (ADA) Price in April
Market Psychology and Historical Context
The psychology of Cardano investors creates a natural price floor. Many ADA holders are comfortable maintaining their positions even through potential short-term losses of 20-40%. The prevailing mindset within the community is centered on “buying the dip” rather than exiting positions, which makes breaking through certain price levels particularly difficult for bearish market forces.
Claims that the current crypto bull market cycle is already over are dismissed by LuckSide as “nonsense.” If true, this would represent the shortest bull market cycle in crypto history. For context, previous cycle durations lasted 548 days, 526 days, and 358 days respectively. The current cycle appears to be nowhere near these historical timeframes.
LuckSide points to a bull market peak indicator that has reliably signaled previous market tops. In past cycles, 24-27 out of 30 specific indicators triggered at market peaks. Currently, zero of these indicators have been triggered, suggesting the market is still far from reaching its top.
The broader crypto landscape is also moving toward mass adoption across enterprise, government, and institutional sectors. Large entities continue to accumulate positions rather than exit them. These institutional players typically position themselves for long-term gains and rarely end up on the losing side of market movements.
Macro economic factors also support a positive outlook for crypto assets including Cardano. Global liquidity is rising as markets anticipate lower interest rates, reduced quantitative tightening, and an eventual return to quantitative easing. Increasing stablecoin minting and capital inflows suggest strong market preparation for future growth phases.
The combination of unwavering community support, historical cycle patterns, and favorable macro conditions creates what LuckSide describes as an “impenetrable floor” for Cardano. While short-term volatility will continue, the underlying support level makes a catastrophic crash increasingly unlikely.
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