Cardano Price Prediction: Is a Mega Move for ADA on the Horizon?
Check out what signals that ADA is on the way to soaring toward the $1 milestone.
TL;DR
- Cardano’s ADA has significantly declined, currently priced around $0.45, reflecting a broader market downturn.
- However, analysts remain optimistic, with forecasts suggesting a rebound to $1 in the near term and possibly reaching higher milestones like $1.70 or even $10 under favorable conditions.
ADA Ready for a Bull Run?
Cardano’s ADA has underperformed in the past few weeks, coinciding with the broader crypto market retreat. Its price currently hovers around $0.45 (per CoinGecko’s data), representing a 22% decline on a weekly scale and 25% in a month.
The chart analyst using the X handle Trend River, though, believes ADA may experience a substantial rally in the following months if it mirrors its performance from the past:
“If history repeats itself, we might be on the cusp of ADA’s ultimate support test before skyrocketing. Recall October 2020? The price dipped to $0.10 before soaring to $3.”
The analyst also claimed that fear levels related to Cardano’s native token “are peaking,” which indicates the testing of major support zones.
“If it manages to hold, we could be at the exact bottom right now before the move to $1,” Trend River predicted.
Who Else Expects a Bullish Trend?
Earlier this month, the X user Ali Martinez presented a chart, according to which ADA’s valuation “is exactly where it should be.” He thinks the token is poised to reach $1.70 as long as it enters the $0.55-$0.80 range. Previously, the analyst envisioned a “parabolic” jump for ADA to a new all-time high of $10.
If you are curious to explore additional price predictions involving Cardano’s native cryptocurrency, feel free to check our dedicated video below:
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A Brief Discussion on the Eight Major Potential Risks of Stablecoins
As a significant innovation in the cryptocurrency sector, stablecoins are designed with "stability" as their primary intention. However, their potential risks and hazards have attracted widespread attention from global regulatory bodies, academia, and the market.

A heavyweight player enters the gold market! Stablecoin giant Tether poaches top HSBC trader
Tether has recruited the core precious metals team from HSBC, making a strong entry into the precious metals market and challenging the existing industry landscape. In recent years, the company has accumulated one of the world's largest gold reserves.

Robinhood makes a rare bet: Lighter and its genius founder
Aster has aligned itself with Binance, while Lighter has chosen to embrace capital investment.

Coin Metrics: Why has the current bitcoin cycle been extended?
Institutional adoption combined with cooling volatility indicates that Bitcoin is entering a smoother, more mature cycle.

