Current Price Action: Cardano (ADA) is currently trading at $0.7219, with a 1.59% increase in the regular market session. The price is testing critical support levels between $0.73 and $0.80, with resistance at $1.14. If ADA fails to hold above $0.70, it could drop to $0.6850 or $0.6700. Conversely, a rebound could push it toward $0.72-$0.73.
Technical Indicators:
Fibonacci Levels:
Recent News: Cardano's inclusion in the U.S. Digital Asset Stockpile initially boosted its price, but it has since retraced gains. Analysts remain cautious, noting that ADA lacks a strong investment thesis compared to competitors like Ethereum or Solana.
Market Sentiment: The broader crypto market's volatility and liquidity crunch have contributed to ADA's decline. Despite promising developments like a potential ADA ETF, sentiment remains weak.
Next Trading Week: Based on technical indicators and news sentiment, ADA is likely to face continued selling pressure. If it fails to hold above $0.70, it could drop to $0.6850 or lower.
Target Price: $0.68
The price of Cardano is predicted to go up 16.88%, based on the high correlation periods with WAVES. The similarity of these two price pattern on the periods is 89.67%.
ADA
WAVES
Year
ADA Price Forecast($)
Potential Return(%)
2025
1.500
38.340
2026
1.500
132.770
2027
5.000
675.920
2028
2.500
287.960
2029
3.500
443.140
2030
5.000
675.920