Will ADA Price Rebound In 2023?

As the Bitcoin price surpassed $17,000 on 1st december, it appears that the crypto market has entered a recovery mode. The tokens are holding above the lower support, despite the fact that bears are still mounting significant pressure. Meanwhile, the short-term projections for Cardano’s (ADA) price is also undergoing a slight recovery in the past couple of days as the markets is somewhere between $0.3188 this week.

As per the renowned analyst Cowen says in his video that the bear-market resistance band is offering resistance from where the ADA price is facing constant rejections, so Cardano (ADA) price may bottom around $0.1 to $0.2, somewhere in 2023.

Meanwhile, crypto and Fintech expert Coinpedia’s cradano price prediction for 2023 is $0.8555. They have anticipated price of ADA as high as $1.1308 and lowest to $0.5993.