Hedera Hashgraph, Near Protocol, Cardano Prices Plunge 50% to 80%

Crypto prices experienced a mixed performance last week, with most investors remaining cautious as the fear and greed index moved into the extreme fear zone. Bitcoin saw a modest rise of about 1%, while other tokens like Cardano, XRP, and BNB showed little movement as US stocks declined. This article focuses on three top cryptocurrencies: Hedera Hashgraph (HBAR), Near Protocol (NEAR), and Cardano (ADA).

Hedera Hashgraph (HBAR) has seen a significant decline in recent months, mirroring the performance of other top altcoins. The price has dropped from a high of $0.4050 in January to $0.1600, reaching its lowest level since November last year. The coin has moved below the crucial support level at $0.1817, the 61.8% Fibonacci Retracement point, which has been a notable level since February. The Hedera Hashgraph price is also nearing a death cross, as the spread between the 50-day and 200-day Exponential Moving Averages (EMA) is about to cross. This could signal further downside in the coming weeks. However, the coin has formed a falling wedge chart pattern, indicating a potential bounce back in the coming days. A HBAR price surge will be confirmed if the price rises above the key resistance at $0.1817, while a drop below $0.14 would invalidate the bullish outlook.

The Near Protocol token price has also crashed in recent months due to the ongoing crypto crash and concerns about the bursting of the AI bubble. The token has dropped from a high of $8.2620 in January to the current $2.5. It formed a triple-top pattern at $8.2183, with a neckline at $3.08, and its lowest swing on August 6. The token also formed a death cross pattern on January 31 and has moved below the ascending trendline that connects the lowest swings since October 2023. The coin has dropped below the 78.6% retracement level, suggesting that it will likely continue falling as sellers target the key support at $2.0. This view will be confirmed if the coin falls below the small double-bottom point at $2.1485.

Cardano (ADA) has also experienced a significant decline in recent months. The price has moved from a high of $1.323 in December to $0.652, dropping below the crucial support level at $0.810. The token is about to form a death cross pattern, which happens when the 50-day and 200-day moving averages flip each other. The coin has also formed a descending channel, indicating that bears are in control for now. More downside will be confirmed if the coin drops below the support at $0.58, the lowest point in March.

Hedera Hashgraph, Near Protocol, and Cardano are among the top cryptocurrencies garnering significant attention in the market. Analysts have made various price predictions for these digital assets, reflecting their potential for growth and investment opportunities. Hedera Hashgraph, known for its high-speed and secure transactions, is anticipated to show substantial growth by 2030. Projections suggest that the price of HBAR could range from $1.75 to $2.10, with an average estimate of $1.80. For June 2026, the price of Hedera Hashgraph is predicted to start at $0.1845, with a high of $0.1982 and a low of $0.1722, averaging around $0.1850. These forecasts highlight the potential for Hedera to maintain its value and attract more investors in the coming years.

Near Protocol is expected to reach $2.503 by April 5, 2025. This prediction suggests that Near Protocol could be a valuable addition to investment portfolios, given its potential for growth and innovation in the blockchain space. Cardano, one of the most well-known cryptocurrencies, has seen its price fluctuate in recent weeks. Currently trading around $0.64, Cardano has experienced a decline of nearly 13% over the past week. Despite this drop, analysts like Jonathan Carter believe that the price could rebound. Carter points to the formation of a new support level near $0.59, which could serve as a launchpad for upward movement. He suggests that Cardano has the potential to reclaim the $1 mark in the coming months, aligning with the broader market sentiment that many altcoins are undergoing corrections before resuming their upward trends.

Technical patterns also support the possibility of a rebound for Cardano. The cryptocurrency's price action follows a broadening wedge pattern, and the new support level at $0.59 aligns well with this formation. This chart pattern often precedes breakouts, especially when prices are close to the lower boundaries. Investors are closely monitoring for a decisive upward move, which could trigger a rally. If Cardano rebounds, $1 is expected to be the next target, marking a traditional cyclical recovery. Fundamentally, Cardano remains strong. Recent developments, such as the integration of Ripple’s RLUSD stablecoin on the Cardano network and plans to contribute to Bitcoin’s decentralized finance (DeFi) layer, enhance its utility and interoperability. These advancements strengthen Cardano's position as a reliable infrastructure participant in the crypto market and support its long-term investment potential. Despite current price pressures, the underlying ecosystem growth continues to attract builders and partners who value stability and innovation.

Price predictions for Cardano range from $1 to $10. The immediate target is $1, which analysts believe is achievable if the cryptocurrency bounces from current levels. A stable base of $0.59 could increase optimism and bring merchants back into the fold. Long-term forecasts are even more bullish, with analysts speculating a return to $2.5 or even $10, referencing Cardano’s significant rally in 2021. While such goals require favorable market conditions and widespread adoption, they remain plausible due to Cardano’s consistent development and system maturity. The coming weeks will be crucial for Cardano as traders monitor whether it stabilizes at $0.59. A positive pattern could reintroduce bullish momentum and attract additional buyers. Cardano's price action over the next few months will provide valuable insights into the market's direction, making it a topic of discussion in technical forums. Institutional players are showing renewed interest in altcoins with strong fundamentals, and Cardano fits this interest. If positive developments continue and technical support stabilizes, ADA could emerge as a top choice for medium- to long-term portfolios.