Cardano Price Prediction Ahead of CME ADA Futures Launch: Neutral Outlook Amid Market Crash

Cardano price dropped to $0.2650, down 80% from its December 2024 high, as the crypto market crash accelerated. CME will launch ADA futures on Feb 9, which may lead to higher prices historically. However, the rebound may not happen due to the broader market sentiment and the fact that ADA futures have already been priced in. Cardano has lost favor with investors and has failed to attract major oracle networks or tier-1 stablecoins. The ADA token is currently in a strong downtrend, below the 50-week and 100-week Exponential Moving Averages, and in the oversold zone on the Relative Strength Index.