Fri, November 22

Cardano (ADA) Price Prediction 2024, 2025, 2026-2030

Cardano (ADA) Crypto Price Prediction
  • Bullish ADA price prediction for 2024 is $ 0.4454 to $0.8173.
  • Cardano (ADA) price might reach $2 soon.
  • Bearish ADA price prediction for 2024 is $0.1458.

In this Cardano (ADA) price prediction 2024, 2025, 2026-2030,  we will analyze the price patterns of ADA by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS
INTRODUCTION
  • Cardano (ADA) Current Market Status
  • What is Cardano (ADA)?
  • Cardano (ADA) 24H Technicals
CARDANO (ADA) PRICE PREDICTION 2024
  • Cardano (ADA) Support and Resistance Levels
  • Cardano (ADA) Price Prediction 2024 — RVOL, MA, and RSI
  • Cardano (ADA) Price Prediction 2024 — ADX, RVI
  • Comparison of ADA with BTC, ETH
CARDANO (ADA) PRICE PREDICTION 2024, 2025, 2026-2030
CONCLUSION
FAQ

Cardano (ADA) Current Market Status

Current Price $0.4386
24 – Hour Price Change 1.68% Up
24 – Hour Trading Volume $1.01B
Market Cap $15.35B
Circulating Supply 35B ADA
All – Time High $3.10 (On Sep 02, 2021)  
All – Time Low $0.01735 (On Oct 02, 2017)  
ADA Current Market Status (Source: CoinMarketCap)

What is Cardano (ADA)

TICKERADA
BLOCKCHAINCardano blockchain
CATEGORYPublic blockchain platform
LAUNCHED ONSeptember 2017
UTILITIESGovernance, Fast Transactions, gas fees & rewards

Cardano (ADA) is the native token of the Cardano blockchain. This sustainable blockchain uses the Proof-of-Stake (PoS) consensus mechanism, Ouroborus. This “third-generation blockchain” initially existed as a layer-1 solution. Eventually, the layer-2 update, Hydra, was integrated into the existing network in late 2021.

Cardano has been built as an upgraded version of Ethereum’s smart contract network. Moreover, it aims to scale the permissionless nature of the DeFi space and aid the mission of banking the unbanked.

Cardano 24H Technicals

(Source: TradingView)

Cardano (ADA) Price Prediction 2024

Cardano (ADA) ranks 9th on CoinMarketCap in terms of its market capitalization. The overview of the Cardano price prediction for 2024 is explained below with a daily time frame.

ADA/USDT Horizontal Channel Pattern (Source: TradingView)

In the above chart, Cardano (ADA) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. 

The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.

At the time of analysis, the price of Cardano (ADA) was recorded at $0.4347. If the pattern trend continues, then the price of ADA might reach the resistance levels of $0.4505 and $0.6602. If the trend reverses, then the price of ADA may fall to the support levels of $0.3755 and $0.3096.

Cardano (ADA) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Cardano (ADA) in 2024.

ADA/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Cardano (ADA) for 2024.

Resistance Level 1$0.4454
Resistance Level 2$0.8173
Support Level 1$0.2420
Support Level 2$0.1458
ADA Resistance & Support Levels

Cardano (ADA) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (ADA) are shown in the chart below.

ADA/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Cardano (ADA) market in 2024.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.4351
Price = $0.3585
(50MA < Price)
Bullish/ Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions68.1488
<30 = Oversold
50-70 = Neutral

>70 = Overbought
Nearly Overbought
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume

Cardano (ADA) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of Cardano (ADA) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

ADA/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Cardano (ADA).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum19.6424Weak Trend
Relative Volatility Index (RVI)Volatility over a specific period53.84
<50 = Low
>50 = High
High volatility

Comparison of ADA with BTC, ETH

Let us now compare the price movements of Cardano (ADA) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs ADA Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of ADA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ADA also increases or decreases respectively.

Cardano (ADA) Price Prediction 2025, 2026 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Cardano (ADA) between 2025, 2026, 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish Price
Cardano (ADA) Price Prediction 2025$2.5$0.29
Cardano (ADA) Price Prediction 2026$3$0.31
Cardano (ADA) Price Prediction 2027$3.5$0.28
Cardano (ADA) Price Prediction 2028$4$0.25
Cardano (ADA) Price Prediction 2029$4.6$0.23
Cardano (ADA) Price Prediction 2030$5$0.21

Conclusion

If Cardano (ADA) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Cardano (ADA) price prediction for 2024 is $0.8173. Comparatively, if unfavorable sentiment is triggered, the bearish Cardano (ADA) price prediction for 2024 is $0.1458. 

If the market momentum and investors’ sentiment positively elevate, then Cardano (ADA) might hit $2. Furthermore, with future upgrades and advancements in the Cardano ecosystem, ADA might surpass its current all-time high (ATH) of $3.10. and mark its new ATH. 

FAQ

1. What is Cardano (ADA)?

Cardano (ADA) is the native cryptocurrency of Cardano. Cardano is a smart contract-based blockchain operating on the proof-of-stake (PoS) consensus launched in 2017.

2. Where can you purchase Cardano (ADA)?

Cardano (ADA) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, KuCoin, Bitfinex and OKX.

3. Will Cardano (ADA) reach a new ATH soon?

With the ongoing developments and upgrades within the Cardano Platform, ADA has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Cardano (ADA)?

On Sep 02, 2021, Cardano (ADA) reached its new all-time high (ATH) of $3.10.

5. What is the lowest price of Cardano (ADA)?

According to CoinMarketCap, ADA hit its all-time low (ATL) of $0.01735, On Oct 02, 2017.

6. Will Cardano (ADA) reach $2?

If Cardano (ADA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.

7. What will be Cardano (ADA) price by 2025?

Cardano (ADA) price is expected to reach $2.5 by 2025.

8. What will be Cardano (ADA) price by 2026?

Cardano (ADA) price is expected to reach $3 by 2026.

9. What will be Cardano (ADA) price by 2027?

Cardano (ADA) price is expected to reach $3.5 by 2027.

10. What will be Cardano (ADA) price by 2028?

Cardano (ADA) price is expected to reach $4 by 2028.  

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Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.