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Bitcoin prices fell to lower levels, leaving most alternative digital currencies unable to resist strong and rapid declines.
Most alternative digital currencies experienced price drops, but the magnitude of the price decline varied.
Among the large alternative currencies affected by the recent decline, we find Ethereum, Ripple and Cardano, the latter being the subject of our conversation.
Cardano price is down 5% in the past 24 hours and 14% in the past seven days as it struggles to stay above the important psychological support level above $0.30.
The most important question now is:
How low can the ADA price drop in February? Is the decline sustained or temporary?
We asked the most famous AI models this question, and here’s their answers:
- Chat GPT:
- The current decline is more of a temporary correction (shock) than the beginning of a long-term bear market.
- Estimated lowest price: $0.28
- Most likely target range: $0.31 – $0.36
- Grok (X platform):
- Sellers are expected to remain in control in the short term.
- A 40% drop is possible, with the price falling to $0.28.
- This shows that historically, February has been unfavorable for the performance of the ADA currency, often erasing January’s gains.
- Puzzled:
- If current support levels fail, a drop to $0.28-$0.30 is expected.
- On the other hand, he sees an opportunity for a rebound due to whale accumulation (more than 450 million coins purchased in two months).
- Google Gemini:
- Worst case scenario: Drop to $0.27.
- If the price revisits the $0.34 level, a rise to $0.40 is possible.
- A clear break above $0.40 could mean buyers regain control.
Bottom line:
Most AI models believe the area between $0.27 and $0.30 represents a potential bottom, with a chance for recovery if sentiment improves or important resistance levels are breached.
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