The potential is huge for a new low since currently the chart is weak but this only in the short-term.
Cardano (ADAUSDT)
I repeat, this is only short-term. After August, the trend is bullish no matter what takes place.
Just as I tell you about bullish potential, I also have to tell you about bearish potential. It can still go both ways, but the least expected scenario is another major flash crash taking place.
This would definitely mark the correction low and after this event we would experience 2 to 3 months of sustained growth, followed by higher highs and higher lows through 2025; a new All-Time High.