Cardano Price Forecast: Will ADA Bounce Back as Bitcoin Struggles to Reach $88K?

Current Market Situation: The crypto market is under pressure as Bitcoin has dipped below the critical $88,000 support level, causing a negative impact on altcoins, including Cardano, which typically lags behind Bitcoin in recovery phases.

Cardano's Price Action: Cardano (ADA) is currently trading below significant support levels, with key areas of support at $0.34–$0.36. Although it has shown some short-term bounces, it remains under pressure and has lost previous support levels.

Behavior of Cardano Relative to Bitcoin: Historically, Cardano reacts after Bitcoin, often showing delayed movements. This pattern suggests that while ADA may appear stagnant, it could experience significant upward movement once Bitcoin stabilizes and confirms a trend.

Potential Price Predictions: If Bitcoin fails to reclaim the $88K level, Cardano could test lower supports around $0.30. Conversely, if Bitcoin stabilizes, Cardano may target resistance levels at $0.40, $0.55, and $0.62–$0.65, contingent on Bitcoin's performance.