Key takeaways:
- Cardano’s price is expected to reach $0.73 in 2024.
- By 2027, ADA/USD could achieve a value of $1.52.
- With increased adoption, Cardano might reach up to $2.48 by 2030.
Cardano is a third-generation blockchain platform launched in 2017 by Ethereum co-founder Charles Hoskinson. Designed for decentralized applications and smart contracts, it uses Ouroboros—a unique, energy-efficient Proof of Stake consensus mechanism.
Cardano’s two-layer architecture separates transactions from smart contracts, enhancing scalability and flexibility. Its native cryptocurrency, ADA, is used for transaction fees, staking, and governance, allowing holders to influence the platform’s future. Emphasizing a research-driven, peer-reviewed development approach, Cardano aims to tackle blockchain challenges like scalability and sustainability, making it a strong alternative to platforms like Ethereum.
Perhaps you’re wondering: with its innovative technology, can Cardano’s ADA reach new all-time highs soon?
Let’s uncover what the future holds for Cardano?
Overview
| Cryptocurrency | Cardano |
| Token | ADA |
| Price | $0.6053 |
| Market Cap | $21.19B |
| Trading Volume | $4.28B |
| Circulating Supply | 35B ADA |
| All-time High | $3.10 on Sept 01,2021 |
| All-time Low | $0.01735 on Oct 01,2017 |
| 24-hour High | $0.6523 |
| 24-hour Low | $0.4359 |
Cardano price prediction: Technical analysis
| Metric | Value |
| Volatility | 6.74% |
| 50-day SMA | $0.3597 |
| 14-Day RSI | 77.05 |
| Sentiment | Bullish |
| Fear & Greed Index | 69 (Greed) |
| Green Days | 17/30 (57%) |
Cardano price analysis: ADA support at $0.3 and resistance at $0.4
ADA price analysis 1-day chart
On November 10, the 1-day chart for Cardano (ADA/USD) on Binance shows a significant bullish momentum, with the price surging by 22.58% to reach $0.608. The chart reveals a strong breakout, as ADA pushes beyond the upper Bollinger Band, indicating heightened volatility and strong buying pressure. The 20-day Simple Moving Average (SMA) is at $0.374, and ADA’s current position far above this line emphasizes the strength of the current uptrend.
The RSI stands at 85.83, indicating overbought territory, suggesting potential exhaustion. Traders should watch for a correction or consolidation, as the price may cool off from its recent high.
ADA price analysis 4-hour chart
The 4-hour Cardano (ADA) chart shows a recent surge, pushing the price to $0.606. The sharp upward movement in the candlestick pattern suggests strong bullish momentum, possibly driven by a sudden influx of buying interest. The Balance of Power (BOP) indicator is 0.37, signaling positive buying pressure but not at extreme levels. The MACD shows a bullish crossover with the MACD line above the signal line, supported by an increasing histogram, suggesting continuing upward momentum in the short term. Traders should watch for resistance around $0.650, as a breach could fuel further gains, while consolidation might signal a brief correction.
ADA technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | $ 0.407924 | BUY |
| SMA 5 | $ 0.394462 | BUY |
| SMA 10 | $ 0.364124 | BUY |
| SMA 21 | $ 0.361666 | BUY |
| SMA 50 | $ 0.3597 | BUY |
| SMA 100 | $ 0.353488 | BUY |
| SMA 200 | $ 0.401345 | BUY |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | $ 0.360073 | BUY |
| EMA 5 | $ 0.356426 | BUY |
| EMA 10 | $ 0.354426 | BUY |
| EMA 21 | $ 0.355243 | BUY |
| EMA 50 | $ 0.357485 | BUY |
| EMA 100 | $ 0.370942 | BUY |
| EMA 200 | $ 0.400743 | BUY |
Cardano price analysis conclusion
Based on the 1-day and 4-hour charts, Cardano (ADA) currently exhibits strong bullish momentum, having surged to $0.606. The 1-day chart shows a significant increase with ADA breaking past key resistance levels, while the RSI is above 85, suggesting overbought conditions. This indicates the potential for a short-term correction or consolidation as buying pressure may ease. The 4-hour chart’s MACD and Balance of Power also confirm bullish sentiment, though these indicators are approaching exhaustion. ADA may continue its upward trend if it sustains above $0.60, but traders should watch for a possible pullback before the next major move.
Is Cardano a good investment?
Cardano (ADA) presents a mixed investment opportunity. It is a third-generation blockchain that aims to solve scalability issues and enhance security through its Proof-of-Stake mechanism. While some analysts predict significant price increases by 2030, others caution that it remains a high-risk investment due to the volatile nature of the crypto market.
Investors should consider their risk tolerance and research before investing, as Cardano’s future performance is uncertain and contingent on market conditions and technological advancements.
Why is Cardano down?
Cardano’s recent decline is attributed to a lack of direction and utility, with many holders expressing frustration over stagnant price movements and minimal project engagement. The bearish trend is reinforced by technical indicators showing a weakening market, compounded by broader market conditions affecting cryptocurrencies overall.
Will Cardano recover?
Cardano’s recovery prospects remain uncertain. Technical indicators show a bearish trend, with short-term and long-term moving averages declining. However, Cryptopolitan predicts potential price increases, estimating ADA could reach $2.48 by 2030, depending on market conditions and adoption rates.
Will Cardano reach $2?
Based on expert analysis, Cardano is likely to reach $2 by 2030, with a forecasted range of $2.24 to $2.48. This projection is driven by Cardano’s continued technological advancements, growing adoption, strategic partnerships, and increasing market confidence, indicating a positive long-term growth trajectory for the cryptocurrency.
Will Cardano reach $3?
Current Cardano (ADA) predictions suggest it will approach the $3 region in the long term.
Will Cardano reach $5?
Having attained an ATH of $3.10 in the past, attaining the $5 mark might be achievable but will require significant bullish momentum.
Does Cardano have a good long-term future?
Cardano (ADA) has the potential for a positive long-term future, primarily driven by its technological advancements and growing ecosystem. Predictions indicate that by 2030, Cardano could see significant growth, with estimates suggesting a rise to around $2.5. The platform’s unique features, such as its focus on scalability and partnerships with various institutions, position it well for future adoption. However, its success will depend on overcoming regulatory scrutiny and developer engagement challenges.
Recent news/opinion on Cardano
- 8 Million ADA Tokens Unlocked
On October 2, Cardano unlocked 18.53 million ADA tokens, representing about 0.5% of its total supply. This release is estimated to be worth approximately $7.37 million and is expected to enhance liquidity in the market, potentially affecting the ADA price positively in the long run despite short-term fluctuations.
Cardano price prediction November 2024
If the bulls back ADA, the token could break out reaching a peak of $0.52, and an average trading price of $0.43 in November 2024. A bearish outlook for the market could see WIF drop to as low as $0.23.
| Cardano Price Prediction | Potential Low | Potential Average | Potential High |
| Cardano Price Prediction November 2024 | $0.23 | $0.43 | 0.52 |
Cardano price prediction 2024
Continued adoption and strategic partnerships could drive Cardano to reach a peak value of $0.73 by year’s end. On average, Cardano might trade around $0.64, although bearish pressures could push it as low as $0.30.
| Cardano Price Prediction | Potential Low | Potential Average | Potential High |
| Cardano Price Prediction 2024 | $0.30 | $0.64 | $0.73 |
Cardano price predictions 2025-2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $0.71 | $0.78 | $0.85 |
| 2026 | $0.98 | $1.10 | $1.20 |
| 2027 | $1.27 | $1.49 | $1.52 |
| 2028 | $1.27 | $1.49 | $1.52 |
| 2029 | $1.57 | $1.67 | $1.81 |
| 2030 | $2.24 | $2.40 | $2.48 |
Cardano price prediction 2025
The Cardano price forecast for 2025 indicates steady growth, with a potential maximum price of $0.85. Based on market analysis, investors can expect an average price of $0.78, while the minimum price might settle around $0.71.
Cardano price prediction 2026
In 2026, ADA’s price is projected to trade within a range of $0.98 to $1.20. The forecast anticipates an average price of $1.10, with the minimum price estimated at $0.98. This upward shift in value reflects an ongoing positive trajectory for Cardano’s market performance.
Cardano price prediction 2027
For 2027, Cardano’s price is expected to increase, reaching a minimum of $1.27 and a maximum of $1.52. Analysts predict an average trading price of approximately $1.49.
Cardano price prediction 2028
The 2028 price outlook for Cardano suggests stability, with values potentially ranging between $1.27 and $1.52. On average, the price could hover around $1.49.
Cardano price forecast 2029
By 2029, Cardano is forecasted to see further appreciation, with a minimum expected price of $1.57 and a maximum potential of $1.81. Analysts estimate an average price of $1.67.
Cardano price prediction 2030
In 2030, Cardano’s price forecast anticipates significant gains, with the price potentially reaching a maximum of $2.48. The average trading price is estimated at $2.40, while the minimum could hold at $2.24.
Cardano price prediction: Analysts’ ADA price forecast
| Firm Name | 2024 | 2025 |
| Coincodex | $ 0.838 | $ 1.716 |
| Changelly | $ 0.334 | $ 0.471 |
Cryptopolitan’s Cardano price prediction
Cryptopolitan predicts Cardano’s price will range from $0.30 to $0.73 in 2024, and $2.24 to $2.48 by 2030, indicating substantial growth driven by technological advancements, increased adoption, and strengthened market position within the evolving cryptocurrency landscape.
Cardano historic price sentiment
- Cardano was founded in 2015 and went live in 2017. It initially gained investor support and popularity for being affordable and environmentally friendly due to its unique PoS mechanism called Ouroboros.
- In 2021, Cardano implemented the smart contract feature with the Alonzo update. This update came on the ADA test network and brought the interoperability and scalability that was promised to the users earlier.
- The ADA price reached its all-time high during the bullish cycle of 2021 when it hit $3.09. However, its price started plummeting at the beginning of September 2021 and reached a low of $0.220 in June 2023.
- It then formed a local high at $0.810 on 14 March 2024 before dipping again to $0.401 in April 2024 due to heavy selling pressure as early investors rushed to cut their losses.
- From 13 April 2024, Cardano has been trading between $0.52 and $0.401, with strong support at the $0.4 mark. It has retested this zone twice and rejected it, which suggests that recovery may be possible once this consolidation period ends.
- In May 2024, Cardano made a local top at $0.51 and rebounded lower after retesting this resistance level.
- ADA is traded within the range of $0.317 and $0.423 in July after forming a local bottom at $0.317.
- In August, it formed strong support at the $0.33 mark but retraced towards the upside.
- During September, the price experienced a peak at $0.37. However, by October 04, it slightly declined, trading at $0.35
- In November, Cardano is currently trading at around $0.33.
