Cardano, the 8th largest cryptocurrency in terms of market capitalization, traded for $0.38 at one point today to drop to the lowest it’s been for the past 21 months. ADA just recorded its 2022 all-time low of $0.36 Cardano may be on another bearish run all the way to the forecasted $0.25 mark IOG leans on strong fundamentals to have a bullish rally. The downward slide continues for ADA, as its price declined further. As of this writing, data from Coingecko shows the asset is trading at $0.36. It is now down by 6.9% for the past 24 hours and has lost 14.8% of its value for the last week. This development, however, is no longer news. Veteran market analyst Peter Brandt tweeted last week that ADA, following sell off since the completion of the Vasil hardfork on the Cardano blockchain in September, will be on a decline all the way to $0.25. Related Reading: Terra Coin Price Balloons 30% – But Can LUNA Reach Higher Terrain? Cardano Hits A 2022 All-Time Low The situation was already bleak for Cardano when it plunged all the way to $0.38 earlier today. But that was shattered when ADA fell to its new 2022 all-time low of $0.36. It was unfortunate that the altcoin fell below its short-term wedge pattern, pushing itself to a bearish run. Had it moved up in its pattern, the digital asset might have made a recovery from the slaughter of the crypto winter. Cardano was able to move below its Relative Strength Index (RSI) oversold zone but ...
