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ADA is now stuck around $0.28, it has risen a bit in the past few days but still shows little movement. I checked Altman's ChatGPT AI predictions, which suggest that ADA might break through to $0.45, but honestly, I’m a bit skeptical.
However, there are a few points worth paying attention to if we’re to consider reasons. First, rumors about ETFs have been ongoing, and institutional funds might be quietly entering the market. Second, Cardano’s ecosystem upgrade (the Leios scalability solution) is coming soon, which should definitely boost market sentiment. Most importantly, if Bitcoin continues to stay strong, capital will start rotating into altcoins, and ADA has lagged behind in this cycle, so there’s room for a rebound.
But the problems are also quite clear. Cardano’s ecosystem growth has been relatively slow, and its competitor Solana has already surged ahead. Moreover, ADA has been stuck in the $0.24-$0.30 range for months, repeatedly hitting a ceiling at $0.30. If it gets rejected again this time, Altman and their predictions might be off.
From a technical perspective, the RSI still has room to expand and shows no overbought signals. The MACD is flattening, indicating the market is waiting for confirmation. So, theoretically, moving toward $0.45 is possible, but three conditions must be met simultaneously: Bitcoin remains strong, altcoin rotation continues, and ADA finds momentum above $0.30. If any one of these fails, ADA will likely remain stuck in place.
It all depends on whether $0.30 can truly be broken through.