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The Cardano price dropped 8% in the last 24 hours to trade at $0.8725 as of 4:00 a.m. EST on trading volume that went down 17% to $2.92 billion.
The drop in the ADA price comes as multiple Web3 leaders get ready to attend the first-ever White House Crypto Summit later today. Big names including Cathie Wood, Brian Armstrong, Charles Hoskinson, and Vitalik Buterin have already confirmed their attendance to the landmark event.
Cardano Price Prediction
ADA’s Bollinger Bands saw a massive widening as the price pushed the lower band down during the dip. Since then, the amount of activity has seemingly dropped considerably, as the bands narrowed despite Cardano’s quick recovery, which left it at its current price.
This narrowing suggests uncertainty, which is not surprising. Traders and investors just saw Cardano experience a major dip in the hours ahead of the first-ever White House Crypto Summit, an event believed by many to be a historical occasion that could mark a turning point in the evolution and adoption of the crypto industry.
15-minute chart for ADA/USDT (Source: TradingView)
On the other hand, the project’s price did recover more than half of its value following the drop, and its Relative Strength Index (RSI) shows that there is still plenty of room for additional growth. After venturing deeply into the oversold area, the RSI recovered to the value of 55 at the time of writing.
This suggests that traders have been buying the coin in the last 9 hours, using the opportunity to buy the dip and get Cardano at a low price. Once the Summit officially starts, a new wave of optimism could push the price of ADA and other cryptos up, causing the start of another small rally.
Promising Alternative To Cardano
Cardano’s price recovery is slow and uncertain, which is why many traders are looking for alternatives such as MIND of Pepe (MIND).
This is a new project that combines the popularity of meme coins with the advanced technology of AI agents, which allowed it to create a unique mix that could transform the future of the crypto industry.
Enter the $MIND of Pepe.https://t.co/7JyhHN6GNi pic.twitter.com/uMZPy4x1Ok
— MIND of Pepe (@MINDofPepe) February 19, 2025
The project introduces a self-sovereign real-time intelligence that can use its online presence on the social platform X to collect and analyze information using hive-mind analysis. Its purpose is to identify new trends and changes in sentiment, allowing its community members to become immediately aware as the situation as the industry starts to shift.
This information will be exclusively available to MIND token holders, which is why investors have already bought over $7.14 million worth of MIND tokens while the new crypto is still in ICO, and its price remains low.
If you wish to join the project, the best time to do so would be now, while its ICO price sits at $0.0034677. Especially since experts believe that the MIND token has massive potential that could cause it to blow up after it goes live. ClayBro, a crypto YouTuber with over 136k subscribers, said that MIND has “explosive potential,” and if it happens to launch after the next big bull run kicks off, it will use this potential to the fullest.
Visit the MIND of Pepe website.
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