Cardano Rises by Impressive Double Digits Today #
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Cardano continues to keep investors on their toes with volatile price movements. After a period of significant losses, the popular cryptocurrency is showing a recovery today, sparking both hope and caution among traders. While the coin is heavily traded in the Netherlands, the question remains whether this short-term rise marks a lasting recovery or is merely temporary.
Cardano Price: Double Digits #
Cardano has been in a downward spiral for some time. The price fell by 46% in the last quarter, but today it shows a glimmer of hope for investors. The price has risen by 13.7% within 24 hours from $0.38 to $0.44. This brings Cardano’s market capitalization back to $16 billion.
Like most coins, Cardano’s price dropped sharply after the weekend. But now the coin has already recovered and risen further from this correction.
The rise seems to be driven by the broader market recovery, partly due to positive news from the US. For example, Bank of America stated in a report that it advises consumers to allocate 4% of their investment portfolio to bitcoin and crypto.
According to analyst Nic Puckrin, this is a very important development for crypto:
Bitcoin could see an additional $700B to $2.9T Let me explain. Bank of America just officially recommended clients put up to 4% of their portfolio in Bitcoin and crypto. If this gains widespread real-world traction, we could see hundreds of billions to a few trillion of… — Nic (@nicrypto) December 3, 2025
The well-known coin still has a long way to go to approach its all-time high of $3.09 on September 2, 2021. Despite today’s recovery, the price is still down 85% from the record.
Analysts Remain Cautious #
In a technical analysis, analyst Valdrin Tahiri indicates that the current recovery may be short-lived.
The analyst says that Cardano has been moving upward along an important support line since July 2023. The current price of $0.44 falls exactly on that support line. The analyst warns that if the price drops below this line, ADA could fall to about $0.32, which would mean a loss of about 25%.
At the same time, the analyst also sees possible short-term signals for a further temporary rise. The analyst emphasizes that it is still unclear whether Cardano will rise further or start to fall, and that the coming days are crucial to determine this.
Also on X, some analysts remain cautious. For example, one analyst states that it cannot yet be said that a positive trend has emerged and that the sentiment around Cardano remains neutral to negative, despite today’s rise.