Cardano Price Prediction: 2024, 2025, 2030

ADA price prediction: Key highlights

1. Primary support and resistance levels

• The analysis of the weekly timeframe indicated the lowest support level to be $0.24.
• ADA can likely encounter significant resistance at a high point of $1.2.

2. Market sentiment

• April 2024 has been witnessing a bearish momentum for ADA.

3. Predictive forecasts

• Our AI/ML prediction models forecast the average price to reach $1.8 in 2028 and $8.7 in 2035.

Given below is a comprehensive weekly technical analysis of ADA, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

ADA technical analysis: Bears barricade path to recovery 

Throughout 2023, ADA faced significant challenges amidst a grim market landscape. Cardano's price prediction for 2024 began with a recovery attempt, driving the price to touch the $0.45 resistance in April. 
 

However, this effort was thwarted. A series of declines began, which led to the price drop below $0.35 in June. Simultaneously, the asset found footing on the lowest support level of $0.24. 

The bulls tried to elevate the price in mid-June. These efforts culminated in mid-July as ADA tested the support-turned-resistance at $0.35. Nonetheless, the rally lacked the momentum to sustain.
 

By mid-August, the altcoin had returned to its lowest support level. A stronger rally in mid-October propelled the price above $0.35 in mid-November. This was followed by a major price pump in December, which led the price to test resistance at $0.62. After a month-long test, this rally was rejected in January, with the price landing at $0.45 close to the end of the month.
 

This was indicative of a price correction following an overvalued market. As January came to a close, the bulls began to assert their dominance once again. Throughout February, ADA experienced consistent buying pressure, pushing its price past the significant resistance level of $0.62 as the month ended. 
 

Concurrently, ADA established a new resistance level at $0.75. The price was yet again rejected from this level. Moreover, the downtick was amplified due to the bearish crash in April. At the time of writing, the asset traded at $0.4581. 
 

The key support at $0.45 appeared to be on the bears’ radar, with the price inching closer to it. If the selling pressure increases, ADA might find itself moving closer to $0.35. While a break below this level can even see it go back to the lowest support.
 

Moreover, AMBCrypto analyzed the Mean Dollar Invested Age (MDIA) to uncover that ADA’s HODLers have held back from moving their tokens back into circulation, highlighting the decreased interest in the asset. 
 

Nonetheless, the upcoming halving might change the market sentiment for the better. It could help ADA overcome the hurdles on the chart. Moreover, Hyblock Capital’s data highlighted that ADA might experience significant liquidations around the $0.62 and $0.68 price levels. 
 

To reach the critical $1 mark, overcoming these levels would be necessary. If the upward momentum persists, the $1 and $1.2 levels emerge as the subsequent high-time-frame (HTF) resistances to watch.

Continued optimism within the Cardano community and the broader market could be key to ADA's potential to make new highs. Projections from our models suggest that ADA could be traded at an average price of $1.8 in 2028. The number is expected to increase further to $8.7 in 2035.

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

• The trading volume mirrored price actions, with significant increases observed during rallies. Similarly, drops in volume followed the dips in the price. 
• The Relative Strength Index (RSI) remained below the 50 mark until the end of October, albeit with a brief surge in April. From the end of October, it began rising, entering the overbought region in December with a peak at 82.17.
• After a brief drop, it re-entered this territory by the end of February, only to move below again in March and continue descending. As the analysis concluded, it registered at 43.97. This indicated a reversal to bearish conditions. 
• The Bollinger Bands experienced slight expansions as the price candles touched the upper band in April and then dipped slightly below the lower band in June. Towards the end of October, the bands began to expand again, with the price moving above the upper band. 
• This expansion intensified towards the end of November as the price consistently breached the upper band throughout December before eventually declining. Between February and March, the price briefly crossed above the upper band again, signaling moderate overvaluation.
• The price fell below the 20-week moving average (MA) in mid-May and recovered above it towards the end of October. Due to the recent price dip, the price found itself again below this MA and remained there by the end of the analysis period. It was reflective of increased selling sentiment in the market.