Analyst: Cardano Deemed a Valuable Asset Despite Possible Price Bottom
February 10, 2026
Cardano, a cryptocurrency that has garnered attention once again, is being closely analyzed as it appears to be approaching a possible bottom. Despite trading near multi-month lows with a 3% decline in the past 24 hours and a year-to-date correction of 21%, optimistic sentiments persist within the crypto community.
Renowned crypto analyst and YouTuber known as Crypto Jebb recently referred to Cardano as a “great asset,” emphasizing its substantial potential at current price levels. He highlighted upcoming bullish ecosystem developments, such as the Midnight mainnet and the Leios Ouruboros upgrade, that could be introduced on Cardano this year. With a fixed supply of 45 billion tokens, ADA shares a unique feature with only a select few major cryptocurrencies like Bitcoin and XRP, making it a valuable asset to consider purchasing.
Quoting Charlie Munger, the vice chairman of Berkshire Hathaway, Crypto Jebb referenced the popular quote, “buy great assets at good prices,” suggesting that ADA may currently be in an advantageous position for investors. Despite Munger’s reserved stance on cryptocurrencies, his timeless advice could potentially apply to Cardano’s current situation.
Looking beyond fundamental analysis, Crypto Jebb proposed that Cardano might be nearing a bottom based on momentum indicators. He pointed out the alignment between the Relative Strength Index (RSI) and historical price levels on longer timeframes as a positive sign. Historically, whenever ADA’s RSI has dipped into oversold territory at around 30, it has indicated turning points for the coin. Previous instances in December 2022 and October 2023 marked price bottoms followed by significant price rallies.
At present, Cardano’s RSI stands at 28.03 in proximity to these historical bottom areas, suggesting a highly favorable investment opportunity. Should Cardano manage to defend its current support level, Crypto Jebb anticipates a substantial rebound. He predicts potential price targets between $1.50 and $2 over the next 12 to 24 months, which would represent significant percentage increases and risk-to-reward ratios. However, he also acknowledges the inherent uncertainty in the broader market conditions, reminding investors that volatility could impede any recovery efforts.
In conclusion, Cardano’s combination of low prices, encouraging historical signals, and upcoming ecosystem developments make it a cryptocurrency worth monitoring. It is important to note that the information shared in this article is for informational purposes only and should not be construed as financial advice. Readers are advised to conduct thorough research before making any investment decisions.
