Cardano Price Prediction: Q3 Dip Could Be Final Bu

Cardano Price Prediction: Q3 Dip Could Be Final Buy Opportunity Before a 10x Surge

As bad as things have been for Cardano, its one-day chart shows that it hit a bottom a few days ago, and that it appears to have begun a strong rebound.

Of note is its relative strength index (purple), which bottomed at 30 late last week and has now risen to 50, a sign of increased buying pressure.

In fact, it remains 77.5% below its ATH of $3.09, which it set back in September 2021.

It therefore has lots of catching up to do, and with the wider market also waking up again after several months of stagnation, it could rise towards $1 by the end of July.

Yet it should be said that, for a top-ten cryptocurrency, ADA’s 24-hour trading volume is very low, at $676 million today.

This signals Cardano’s difficulties in attracting a wider base of investors, with its platform still having a TVL of only $330 million.

However, developers are planning a series of privacy and scalability updates for the platform over the course of the summer and autumn, collected under the ‘Midnight’ banner.Assuming that Midnight facilitates the kind of adoption that some have predicted, it could be very positive for the Cardano price, which could hit $3 in Q4.