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

By The News CryptoCryptocurrencyJun 18, 2024 16:18

ng.investing.com/analysis/cardano-ada-price-prediction-2024-2025-20262030-202637

By The News Crypto | Jun 18, 2024 16:18

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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

Cardano (ADA) Current Market Status

ADA Current Market Status (Source: CoinMarketCap)

What is Cardano (ADA)

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 10th 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* “W” *Pattern (Source:* *TradingView*)

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 $0.4042. If the pattern trend continues, then the price of ADA might reach the resistance levels of $0.6737 and $2.0974. If the trend reverses, then the price of ADA may fall to the support of $0.4466, and $0.2236.

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.

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.

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).

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 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.

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 $1.1232. Comparatively, if unfavorable sentiment is triggered, the bearish Cardano (ADA) price prediction for 2024 is $0.2940.

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.

This content was originally published by our partners at The News Crypto.

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

Cardano (ADA) Current Market Status

What is Cardano (ADA)

Cardano 24H Technicals

Cardano (ADA) Price Prediction 2024

Cardano (ADA) Resistance and Support 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 – 2030

Conclusion

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