Cardano Price Prediction: 2024, 2025, 2030 (2024)

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

ADA price prediction: Key highlights

1. Primary support and resistance levels

• The weekly time frame analysis highlighted the lowest support at$0.24.
• ADA’s highest resistance was observed at$0.75.

2. Market sentiment

• As of September 2024, the market is seen to be witnessing abearish momentum.

3. Predictive forecasts

• Our AI/ML prediction algorithms project ADA's average price to surpass$1 in 2031 and$2 in 2034.

Given below is an extensive weekly technical analysis ofADA, followed by projections for the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

ADA technical analysis: Can bulls turn the coin’s prospects?

ADA faced significant challenges over the past year, with major ups and downs.Cardano's price prediction for 2024 began in September as the market downturn drove the coin to its yearly low floor of$0.24.

The Q4 2023bull run was the push ADA needed to paint the charts green. The coin witnessed a major price pump in December, rising to$0.62. After repeated tests over a month, the altcoin was met with retracement in January. This rejection was the aftermath of anovervalued market.

The setback put substantial pressure on bulls’ efforts to stabilize over$0.50. The price fluctuated around it until early February. Notably, the market witnessed substantial buying pressurethroughout February, pushing its price to retest$0.62and reclaim it as the month ended.

Concurrently, ADA tested the yearly high resistance level at$0.75. The price was rejected from this level in March. Moreover, the downtick was amplified due to the broader market crash in April, pushing ADA decisively below$0.50.

Subsequently, like many other cryptocurrencies, the price remained range-bound while holding steady at$0.43. From late May, the market flashed red signals. AMBCryptoreported that large holders possessing between100 million and1 billion tokens sold portions of their holdings from June 1.

When large addresses sell, holders lose confidence in the asset. Consequently, abearish breakdown materialized by mid-June.

In July, the altcoin dropped to$0.32. Optimism started to build the next week, attributed to the anticipation surrounding theChang hard fork and the substantialwhaleactivity. These catalysts elevated the price to over$0.43mid-month.

Nonetheless, the uptick was unsustainable, and by August, the asset retreated to its former base. The price recovered again in the latter half of the month. However, AMBCrypto’sanalysisof the shorter time frame indicated that liquidation at higher levels decreased the odds of the asset sustaining this high.

Consequently, ADA returned to$0.32in September. After technical delays prompted a reschedule, thehard fork went live but failed to boost ADA's value. Instead, the Chang hard fork became asell-the-news event.

Moreover, whales sold over$326 millionof their ADA investments. Nevertheless, interest in the network grew subsequently as the daily active addresses hit afive-month high. At the time of writing, the asset traded at$0.33.

AMBCrypto noted abullish falling wedgeon the daily chart. ADA has been consolidating within this pattern since December and showed signs of a potential breakout. Should this occur, investors could see a significant rally. Another report corroborated the bullish outlook, highlighting the formation of anascending triangle.

Overcoming the recent lower high of$0.43 remains a critical challenge as it continues to be a profit-taking zone. Regardless,Bitcoin’s(BTC) recovery can bolster the buying momentum.

A bullish flip of the psychological mark of$0.50 could signal a lastinguptrend, putting$0.62and$0.75as upcoming targets. If the momentum persists, the$1 and$1.2 levels emerge as the subsequent higher time frame resistance levels to watch.

Notwithstanding, the currentsupport range remains crucial for ADA’s prospects. Breaking this level could lead to panic selling, as many attempt to minimize their losses, driving the price to its lowest support.

Continued optimism within the Cardano community and the crypto market could be crucial for ADA's potential to reach new highs. However, our models envision a tough road ahead for the asset. They forecast ADA to trade at an average price of over$1 in 2031, expected to rise to$2in 2034.

ADA's 2024 roadmap: Key indicators to watch and trade

• Thetrading volumeclosely followed price movements, with notable spikes during price rallies and declines during price drops. The downtick from Q2 2024 indicated a lack of investor confidence.
• TheMoving Average Convergence Divergence(MACD) moved over thesignal linein early October. Both lines turned positive by mid-November and December, respectively. After a prolonged ascension, the lines dropped, forming abearishcrossover in April.
• Furthermore, theMACDline dropped below thezero linein late May, and the signal line followed suit in late June. The press time values were the MACD line at-0.0396, the signal line at-0.0335, and the histogram at-0.0061.
• TheChaikin Money Flow (CMF) climbed above thezero linein late Octoberand retained this position until late April. After another brief recovery in late May, the indicator retraced its steps by mid-June. It stood at-0.06 by the end of the analysis, suggesting net selling pressure.

Cardano's Short Term Price Prediction

Cardano price prediction 13 September 2024: Cardano's price for 13 September 2024 according to our analysis should range between $0.33 to $0.38 and the average price of ADA should be around $0.36.

Cardano price prediction 14 September 2024: Cardano's price for 14 September 2024 according to our analysis should range between $0.33 to $0.38 and the average price of ADA should be around $0.36.

Cardano price prediction 15 September 2024: Cardano's price for 15 September 2024 according to our analysis should range between $0.33 to $0.38 and the average price of ADA should be around $0.36.

Cardano price prediction 16 September 2024: Cardano's price for 16 September 2024 according to our analysis should range between $0.33 to $0.38 and the average price of ADA should be around $0.36.

Cardano price prediction 21 September 2024: Cardano's price for 21 September 2024 according to our analysis should range between $0.34 to $0.39 and the average price of ADA should be around $0.37.

Cardano price prediction 26 September 2024: Cardano's price for 26 September 2024 according to our analysis should range between $0.35 to $0.4 and the average price of ADA should be around $0.37.

Cardano price prediction 6 October 2024: Cardano's price for 6 October 2024 according to our analysis should range between $0.36 to $0.41 and the average price of ADA should be around $0.39.

Cardano price prediction November 2024: Cardano's price for November 2024 according to our analysis should range between $0.36 to $0.42 and the average price of ADA should be around $0.39.

Cardano price prediction December 2024: Cardano's price for December 2024 according to our analysis should range between $0.37 to $0.42 and the average price of ADA should be around $0.4.

Cardano's Long Term Price Prediction

Cardano’s long term Price Prediction below is a look at ADA’s future prospect with regards to price. Cardano was last seen at $0.35, with a market cap of $12,520,408,682 and trading volumes of $275,646,797. ADA’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

Cardano price prediction 2024: Cardano's price for 2024 according to our analysis should range between $0.32 to $0.48 and the average price of ADA should be around $0.4.

Cardano price prediction 2025: Cardano's price for 2025 according to our analysis should range between $0.37 to $0.55 and the average price of ADA should be around $0.46.

Cardano price prediction 2026: Cardano's price for 2026 according to our analysis should range between $0.43 to $0.64 and the average price of ADA should be around $0.53.

Cardano price prediction 2027: Cardano's price for 2027 according to our analysis should range between $0.5 to $0.76 and the average price of ADA should be around $0.63.

Cardano price prediction 2028: Cardano's price for 2028 according to our analysis should range between $0.57 to $0.85 and the average price of ADA should be around $0.71.

Cardano price prediction 2029: Cardano's price for 2029 according to our analysis should range between $0.64 to $0.96 and the average price of ADA should be around $0.8.

Cardano price prediction 2030: Cardano's price for 2030 according to our analysis should range between $0.86 to $1.30 and the average price of ADA should be around $1.08.

Cardano price prediction 2031: Cardano's price for 2031 according to our analysis should range between $0.84 to $1.27 and the average price of ADA should be around $1.06.

Cardano price prediction 2032: Cardano's price for 2032 according to our analysis should range between $1.02 to $1.53 and the average price of ADA should be around $1.27.

Cardano price prediction 2033: Cardano's price for 2033 according to our analysis should range between $1.21 to $1.81 and the average price of ADA should be around $1.51.

Cardano price prediction 2034: Cardano's price for 2034 according to our analysis should range between $1.16 to $1.74 and the average price of ADA should be around $1.45.

Cardano price prediction 2035: Cardano's price for 2035 according to our analysis should range between $1.56 to $2.34 and the average price of ADA should be around $1.95.

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Cardano’s current price is $0.35 and witnessed a -1.10% decrease in the past 24 hours. ADA/BTC pair saw a -0.99% decrease in the past 24 hours

Investing in Cardano, ADA will purely depend on your personal risk appetite. As you can see over the past 24 hours Cardano’s price has witnessed a -1.10% decrease and over the past 30 days Cardano has increase by 2.75%. So it all depends on if this investment will hit your trading goals.

According to our latest Cardano Price prediction for 2024, ADA should vary between $0.48 and $0.32. Please keep in mind that the crypto market is very volatile and this Cardano price prediction does not account for extreme wild swings in price.

As per the Cardano price prediction 2024 model above, ADA’s price for September 2024 should range between $0.32 to $0.48 with the average price for September being $0.4

According to the Cardano Price Prediction model above, ADA’s price in 2025 would be $0.46. This price would however would range from $0.55 and $0.37.

According to the Cardano Price Prediction model above, ADA’s price in 2026 would be $0.53. This price would however would range from $0.64 and $0.43.

According to the Cardano Price Prediction model above, ADA’s price in 2027 would be $0.63. This price would however would range from $0.76 and $0.5.

According to the Cardano Price Prediction model above, ADA’s price in 2028 would be $0.71. This price would however would range from $0.85 and $0.57.

According to the Cardano Price Prediction model above, ADA’s price in 2029 would be $0.8. This price would however would range from $0.96 and $0.64.

According to the Cardano Price Prediction model above, ADA’s price in 2030 would be $1.08. This price would however would range from $1.30 and $0.86.

According to the Cardano Price Prediction model above, ADA’s price in 2031 would be $1.06. This price would however would range from $1.27 and $0.84.

According to the Cardano Price Prediction model above, ADA’s price in 2032 would be $1.27. This price would however would range from $1.53 and $1.02.

According to the Cardano Price Prediction model above, ADA’s price in 2033 would be $1.51. This price would however would range from $1.81 and $1.21.

According to the Cardano Price Prediction model above, ADA’s price in 2034 would be $1.45. This price would however would range from $1.74 and $1.16.

According to the Cardano Price Prediction model above, ADA’s price in 2035 would be $1.95. This price would however would range from $2.34 and $1.56.

The highest price for Cardano was recorded in 2 September 2021 during which ADA hit an All Time High of $3.09

The price of 1 Cardano according to current market rate is $0.35

Cardano (ADA) has the potential to reach $10 in the future, but market forces can significantly impact its price. Unlike established assets, ADA is still maturing. Its price trajectory will depend on the successful execution of its development plans, widespread adoption within the Cardano ecosystem, and broader cryptocurrency market trends.

Cardano (ADA) has the potential for a promising future. The platform focuses on scalability, security, and sustainability, which are crucial aspects for long-term blockchain adoption. However, the cryptocurrency market remains unpredictable, and ADA's success hinges on its ability to deliver on its development goals and attract a robust user base.