- Short-term rebounds are possible, but forecasts from CoinCodex suggest any gains might be temporary as broader market uncertainty drags on.
- The crypto market has dropped 9.6% in 24 hours, with Bitcoin, Solana, and Cardano all taking heavy hits amid growing macroeconomic fears.
- Solana is down over 44% since April 2024, while Cardano has lost nearly 32% in the past month alone, signaling deep ongoing weakness.
So yeah… things are getting ugly out there.
The crypto market just got slapped with one of its worst crashes in recent memory. Total market cap has dropped a rough 9.6% in just 24 hours, dragging it down to around $2.53 trillion. Bitcoin’s struggling near price levels we haven’t seen since November 2024, and of course, Solana and Cardano are tagging along on the way down — and not in a good way.
Solana & Cardano: In Freefall Mode
Let’s start with Solana (SOL). Earlier this year, it was flexing at an all-time high of $293.31. Now? It’s barely holding on above $100 — and may not for much longer.
Breakdown:
- Down 15.4% on the day
- 19.6% for the week
- 29.4% in just 14 days
- Nearly 44.4% off since April 2024
That’s not a correction — that’s a crash.
And Cardano (ADA)? Same vibe, different token. It’s down:
- 13.2% today
- 14.1% this week
- A nasty 31.7% in the last month
Basically, the whole thing’s sliding fast.
Could a Bounce Be Coming?
According to CoinCodex, maybe. But don’t hold your breath.
They’re forecasting a short-term rally for Solana, with price possibly hitting $140.10 by April 28 — which would be a solid 40% bounce from where it’s sitting now. But they also say it likely won’t hold. A correction back down to $122is expected early May.
As for ADA, CoinCodex predicts a move up to $0.70 by April 28, and maybe even $0.98 by May 17 — which sounds nice, but again… that all depends on market conditions, which, let’s be honest, are not looking too friendly right now.
Don’t Ignore the Macro Storm
Even with price predictions floating around, the reality is this: if the broader economy keeps stumbling — and with inflation worries, rate pressures, and Trump’s tariff chaos still buzzing — any rally might just be a short-lived blip.
Solana and Cardano are still solid projects, sure. But in times like these, fundamentals take a backseat to fear. And right now? Fear’s driving.
So, could a bounce happen? Maybe. Should you bet your rent money on it? Probably not.
