After an 80% Jump, Can Cardano (ADA) Sustain its Momentum?

The Cardano price soared above $1, only to settle back to the mid-$ 0.90s. Some blame overbought conditions and profit-taking by major players.

After a massive 80% jump, Cardano's (ADA) price is now trading at around $0.964, with many wondering if the coin can sustain its momentum. While some foresee further upside thanks to a U.S. "crypto reserve" led by President Donald Trump and more bullish coverage by the crypto media, others warn that Cardano may be vulnerable to setbacks if Congress or whale activity intervenes.

Get ready to be introduced to a new meme contender, Panshibi (SHIBI), priced at $0.005, has already raised more than $1.22 million and is aiming for a presale token sale to generate $5 million by the time it launches on exchanges. This project, known for its comedic branding and structured tokenomics, is capturing attention from meme enthusiasts seeking alternative gains.

Below, we'll examine these developments and how traders can factor them into their cryptocurrency investment strategies.

Cardano Price Prediction: Can an 80% Rally Hold?

The Cardano price shot up to a high of $1 before pulling back to the mid-$0.90s. Some attribute this move to overbought conditions and profit-taking by major players who reportedly sold 110 million ADA during the surge.

Although Cardano's run has made headlines, there are still multiple reasons not to buy ADA just yet.

First, Trump's plan for a strategic crypto reserve still needs approval from Congress. If lawmakers block it, any price pump tied to government backing could unravel quickly, leaving Cardano holders vulnerable to a selloff.

Secondly, Data from blockchain analytics firm Token Terminal shows that whales sold 110 million ADA during the surge. This activity suggests a lack of long-term confidence in Cardano at these elevated prices.

Thirdly, technical indicators suggest that buyer enthusiasm could be fading. The RSI is overbought at nearly 67, while the MACD histogram bars are decreasing.

If the coin loses support at $0.97, chart watchers anticipate potential dips to $0.81 or even $0.65.

Those who believe in Cardano's fundamentals and the upcoming White House Crypto Summit could trigger more upside must also accept the volatility that shapes short-term price action.

Panshibi (SHIBI): A Lighter Take on Meme Coins

While serious altcoin discussions will focus on Cardano price updates, Panshibi (SHIBI) is appealing to a different crowd with its comedic branding and structured tokenomics.

Priced at $0.005, Panshibi is aiming for a presale token sale to generate $5 million by the time it launches on exchanges. The project, which is powered by a sophisticated AI-based "social-fi" model, is designed to incentivize holders to stake, complete quests, and remain engaged for the long term.

Panshibi is a new meme coin that has been making waves in the crypto sphere. The coin, which is powered by a sophisticated AI-based "social-fi" model, is designed to incentivize holders to stake, complete quests, and remain engaged for the long term.

Early backers say this approach helps to mitigate the sudden dumps and hype phases that often plague meme coins. An audit further solidifies trust, catering to investors who crave comedic returns but want some degree of security.

If mainstream interest in meme coins reawakens, Panshibi's fresh branding and locked liquidity may draw risk-seeking traders. The project's more robust approach could help it survive the initial hype phase better than typical short-lived memes.

Those who missed out on the initial gains might find Panshibi an interesting addition to their meme coin portfolios as it offers a unique take on the genre with its humorous essence and community-driven initiatives.

Stay tuned for more updates on Panshibi and other hot topics in the crypto world.

You can participate in the Panshibi presale here:

Telegram: https://t.me/panshibi

Twitter: https://x.com/panshibi_

Website: https://panshibi.com