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11 months ago
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ARTICLE AD BOX
- Bullish ADA price prediction for 2024 is $ 0.6879 to $1.1281.
- Cardano (ADA) price might reach $2 soon.
- Bearish ADA price prediction for 2024 is $0.2935.
In this Cardano (ADA) price prediction 2024-2030, 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) PRICE PREDICTION 2024 |
|
| CARDANO (ADA) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Cardano (ADA) Current Market Status
| Current Price | $0.5179 | 24 – Hour Price Change | 13.94% Up |
| 24 – Hour Trading Volume | $283,709,645 |
| Market Cap | />$18,298,670,648 |
| Circulating Supply | 35,396,901,795 ADA | All – Time High | $3.10 (On Sep 02, 2021) |
| All – Time Low | $0.01735 (On Oct 02, 2017) |
What is Cardano (ADA)
| TICKER | ADA |
| BLOCKCHAIN | Cardano blockchain |
| CATEGORY | Public blockchain platform |
| LAUNCHED ON | September 2017 |
| UTILITIES | Governance, 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 8th 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.
In the above chart, Cardano (ADA) laid out a W Pattern. W pattern trading is also known as a double-top pattern or double-bottom pattern depending on the direction of the trend. This pattern tends to be a bullish signal as a double-bottom signifies that the low point may have been reached and the downtrend could be headed for a reversal.
At the time of analysis, the price of Cardano (ADA) was recorded at $0.5312. If the pattern trend continues, then the price of ADA might reach the resistance levels of $0.7437, and $2.1487. If the trend reverses, then the price of ADA may fall to the support of $0.4448, and $0.2262.
Cardano (ADA) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Cardano (ADA) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Cardano (ADA) for 2024.
| Resistance Level 1 | $0.6879 |
| Resistance Level 2 | $1.1281 |
| Support Level 1 | $0.4635 |
| Support Level 2 | $0.2935 |
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.
From the readings on the chart above, we can make the following inferences regarding the current Cardano (ADA) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.5508Price = $0.5179 (50MA>Price) | Bearish / Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 46.3358 <30 = Oversold 50-70 = Neutral>70 = Overbought | Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak 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).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Cardano (ADA).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 20.0180 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 51.81 <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).
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 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Cardano (ADA) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Cardano (ADA) Price Prediction 2024 | $1.8 | $0.4 |
| Cardano (ADA) Price Prediction 2025 | $2.6 | $0.1 |
| Cardano (ADA) Price Prediction 2026 | $3.1 | $1.2 |
| Cardano (ADA) Price Prediction 2027 | $3.9 | $2.5 |
| Cardano (ADA) Price Prediction 2028 | $4.5 | $3.2 |
| Cardano (ADA) Price Prediction 2029 | $6 | $4 |
| Cardano (ADA) Price Prediction 2030 | $8 | $5 |
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 $1.1281. Comparatively, if unfavorable sentiment is triggered, the bearish Cardano (ADA) price prediction for 2024 is $0.2935.
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 2024?
Cardano (ADA) price is expected to reach $1.8 by 2024.
8. What will be Cardano (ADA) price by 2025?
Cardano (ADA) price is expected to reach $2.6 by 2025.
9. What will be Cardano (ADA) price by 2026?
Cardano (ADA) price is expected to reach $3.1 by 2026.
10. What will be Cardano (ADA) price by 2027?
Cardano (ADA) price is expected to reach $3.9 by 2027.
Cardano (ADA) price is expected to reach $9 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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