The post Cardano Price Prediction: Will ADA Price Hit $1.50 or Drop to $0.70? appeared first on Coinpedia Fintech News
Cardano (ADA), a veteran layer one (L1) blockchain backed by a vibrant web3 ecosystem, has significantly shifted to bullish sentiments in the past 15 months. The ADA’s bullish upswing since November 4, which coincided with the re-election of Donald Trump, has confined macro bullish outlook via a weekly higher high and higher low.
The large-cap altcoin, with a fully diluted valuation of about $39 billion and a 24-hour average trading volume of around $871 million, has experienced a significant resistance above $1.24. From a technical analysis standpoint, ADA’s price faces midterm bearish sentiment before enough buyers enforce a bullish outlook, potentially in the first half of 2025.

In the daily timeframe, Cardano price has been forming a potential head and shoulder pattern after hitting the upper border of the multi-month megaphone consolidation. With the daily Relative Strength Index (RSI) having formed a bearish divergence, ADA’s price is well positioned to drop in the coming days before rebounding in the first quarter of 2025.
Furthermore, ADA price has consistently closed below the 50-day Moving Average (MA) signaling a notable decline in the previously bullish momentum. In case of further crypto selloff, ADA price should find a solid support range between 77 cents and 68 cents.
.article-inside-link {
margin-left: 0 !important;
border: 1px solid #0052CC4D;
border-left: 0;
border-right: 0;
padding: 10px 0;
text-align: left;
}
.entry ul.article-inside-link li {
font-size: 14px;
line-height: 21px;
font-weight: 600;
list-style-type: none;
margin-bottom: 0;
display: inline-block;
}
.entry ul.article-inside-link li:last-child {
display: none;
}
The Cardano network has grown to a vibrant web3 ecosystem, with over $433 million in total value locked (TVL) and over $22 million in stablecoins market cap. The introduction of the decentralized governance on the Cardano network through the CIP-1694 features of the Chang hard fork has significantly helped the blockchain attract more on-chain users, amid the mainstream adoption of digital assets catalyzed by institutional investors.
According to on-chain data analysis provided by Santiment, Cardano whale addresses, with a balance of between 1 million and 10 million coins, have purchased over 20 million coins in the past 48 hours and currently hold nearly 6 billion tokens. With over 21.8 billion ADA staked to secure the Cardano network, the overall circulating supply is gradually declining, which is extremely bullish in the long haul.
.article_register_shortcode {
padding: 18px 24px;
border-radius: 8px;
display: flex;
align-items: center;
margin: 6px 0 22px;
border: 1px solid #0052CC4D;
background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%);
}
.article_register_shortcode .media-body h5 {
color: #000000;
font-weight: 600;
font-size: 20px;
line-height: 22px;
}
.article_register_shortcode .media-body h5 span {
color: #0052CC;
}
.article_register_shortcode .media-body p {
font-weight: 400;
font-size: 14px;
line-height: 22px;
color: #171717B2;
margin-top: 4px;
}
.article_register_shortcode .media-body{
padding-right: 14px;
}
.article_register_shortcode .media-button a {
float: right;
}
.article_register_shortcode .primary-button img{
vertical-align: middle;
}
@media (min-width: 581px) and (max-width: 991px) {
.article_register_shortcode .media-body p {
margin-bottom: 0;
}
}
@media (max-width: 580px) {
.article_register_shortcode {
display: block;
padding: 20px;
}
.article_register_shortcode img {
max-width: 50px;
}
.article_register_shortcode .media-body h5 {
font-size: 16px;
}
.article_register_shortcode .media-body {
margin-left: 0px;
}
.article_register_shortcode .media-body p {
font-size: 13px;
line-height: 20px;
margin-top: 6px;
margin-bottom: 14px;
}
.article_register_shortcode .media-button a {
float: unset;
}
.article_register_shortcode .secondary-button {
margin-bottom: 0;
}
}
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.