The price of Bitcoin has fallen to low levels, dragging down most alternative cryptocurrencies that could not withstand the strong and rapid decline.
The prices of most alternative cryptocurrencies have declined, but the drop in prices has been at varying rates.
Among the major alternative currencies affected by the recent decline are Ethereum, Ripple, and Cardano; the latter is the subject of our discussion.
The price of Cardano has dropped by 5% in the last 24 hours and by 14% in the last 7 days as it struggles to stay above the important psychological support level above $0.30.
The most important question now:
To what level can the price $ADA drop during February? Is the decline ongoing or temporary?
We asked this question to the most famous AI models and these were their answers:
ChatGPT:
The current decline is closer to a temporary correction (Shakeout) and not the beginning of a long bear market.
Expected minimum price: $0.28
The target and most likely range: $0.31 – $0.36
Grok (Platform X):
A continuation of seller dominance is expected in the near term.
Probability of a 40% drop and a price decline to $0.28.
It indicates that February is historically negative for the performance of the ADA currency and often wipes out January's gains.
Perplexity:
A drop to $0.28 – $0.30 is expected if the current support level fails.
Conversely, there is a chance of a rebound due to whale accumulation (buying more than 450 million coins over two months).
Google Gemini:
Worst-case scenario: a drop to $0.27.
If the price recovers to $0.34, it may rise to $0.40.
A clear breakout above $0.40 may indicate a return of control to buyers.
In summary:
Most AI models agree that the area between $0.27 and $0.30 represents a potential bottom, with a chance of recovery if sentiment improves or significant resistance levels are broken.
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