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Cardano Price Prediction: Is ADA Price Awaiting a Sudden Boom?At press time, the Cardano price was trading close to $0.61 reporting a 3.39% gain in Intraday. The ADA crypto made a breakdown of the 20 and 50 day exponential moving average suggesting a weakness on the daily chart. The Cardano price has been recovering the losses in the last couple of sessions and trying to get back above the 20 and 50 day EMA. The price noted a sharp fall in the last week and made a breakdown of the dynamic support of 20 and 50 day EMA. However, the long term trend outlook is still positive above the dynamic support of 200 day EMA. The recent breakdown has added some sort of weakness in the trend however, the bulls may make a comeback at the lower levels if the price bottoms out and rises above the 50 day EMA. On the higher side, the 20 and 50 day EMA may act as a hurdle for the buyers and try to drag the price lower. Currently, the price seems to have entered a short term correction and might maintain it until price surpasses the short term EMAs. Now, any sustained move above the 20 and 50 day EMA may validate the termination of a short term trend and the crypto may advance towards the higher supply levels. Cardano Crypto Development Activity Insights The development activity and developers activity count depicts the updates and changes prevailing in the backend of the Cardano crypto. A development activity indicates the positive growth of ADA in the near Future. Looking at the data it was observed that the development activity and number of developers decreased sharply in December 2023. However, the development activity has been rising continuously since January. The present day development activity contributors count is 25. Cardano Price Suffers As IO Data Dropped. The OI data shows the Total number of open contracts in the ADA Crypto. The IO data analysis saw a continuous rise in the number of OI contracts up to February last week sessions. However after that OI data started forming a bearish curve and later on, the price also noted a sharp fall from the highs. This OI data is declining indicates a potential decline in the upcoming sessions. Active Wallets Declined In The Recent Sessions. The number of distinct addresses in the ADA token that participated in a transfer for the given asset in the past 24-hour window is declining, and the 7-day window is also declining since 1st week of March 2024. This illustrates that less people are using and trading the token, which is implying a lesser demand and value for the token as the active addresses of ADA tokens are decreasing in the last one month. Comparing this with ADA price, it was observed that the crypto also noted a fall after topping out in the 2nd week of March and noted a 26% decline by the 1st week of April. Cardano Price Prediction April 2024. On the most bullish observation, The Cardano crypto could rise to a high of $0.79 by the end of April 2024 if it surpasses the recent supply of $0.63. On the flip side, the most pessimistic prediction of our analysts is for the price to break below the recent support of $0.56 level after which the price may fall to $0.50 level. Conclusion. The Cardano price has been recovering the losses in the last couple of sessions and has surged nearly 7% in the last three sessions. The crypto is up nearly 3.39% intraday and was hovering close to $0.61 at the time of writing. The recent fall has dragged the crypto below the 20 and 50 day EMA indicating a short term correction. Now, if the bulls are able to surpass the dynamic support of 20 and 50 day EMA, it may validate a breakout of the correction phase and the crypto may continue to draw positive trajectories thereafter. Technical levels: Support levels: $0.50 and $0.40 Resistance levels: $0.65 and $0.80 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:ADAUSD
by Ritika_TCR
Cardano (ADA) Widens Losses, Elevating The Investors ConcernsCardano (ADA) Widens Losses, Elevating The Investors Concerns Cardano's price eroded nearly 13% of the gains a week, disappointing investors who anticipated further gains. The formation of a bearish divergence in ADA price DAA divergence metrics hints further decline for the asset. Cardano (ADA) price could not capitalize the gains this week and declined, wiping out most of the gains of the previous week. The asset's price recorded a significant bounce back in the previous week adding 18% to the market cap. However, this week ADA price dropped, elevating concerns for the investors who thought that the last week's price rise was a stepping stone for further highs. This week's downturn has left the investors disappointed about ADA for next month. Let's analyze and try to obtain a more clear picture about the possibility of a bullish reversal or bearish continuation in Cardano. ADA Price DAA Divergence Highlights A Bearish Control The price performance of Cardano hints at a weekly loss of nearly 13%, a loss of nearly 41% on a year-to-date basis. At the time of writing, Cardano was exchanging hands close to $0.348, recording a mild 0.55% gain in intraday. Moreover, As per the data obtained by an on-chain analytics website app.santiment.net, a bearish divergence was observed between the Price and DAA (Daily active address). Daily active address reflets the number of users that have taken part in any transaction in a particular period of time. generally DAA is measured on a 24-hour and 7-day basis. The price DAA divergence is an on-chain metrics which indicates the formation of any bearish or bullish divergence. As of now, a bearish divergence was observed indicating a potential decline in the asset's price. Cardano Price Technical Analysis The daily chart highlights the formation of a declining parallel channel with ADA respecting the lower and upper boundaries as support and resistance. The volume to market cap ratio at 2.14% suggests low volatility in the crypto. The price drop in the recent sessions have dragged the price below the key exponential moving averages of 20 and 50 days indicating a weak outlook in the short term. Now, until the price is maintained in the channel, it may continue to remain in a correction phase and fall more. Recently, ADA price suffered rejection from the upper boundary of the channel and was headed towards the lower boundary as of now. Moreover, the price needs to break out of the channel in order to turn bullish in the long term. At the time of writing, the RSI line was placed at 45.2 points and the 14 day SMA line was at 50.3 points. Moreover, a bearish crossover was observed indicating the losses may widen more in the short term. Cardano (ADA) failed to sustain last week's gains, dropping nearly 13% this week. Despite a brief 0.55% intraday gain, investor concerns have risen after a decline this week. Moreover, the on-chain data shows a bearish divergence between price and daily active addresses, suggesting further declines. Furthermore, the daily chart indicates a declining parallel channel, with ADA below key 20 and 50-day exponential moving averages, pointing to short-term weakness. The RSI at 45.2 and a bearish crossover with the 14-day SMA at 50.3 suggest potential for more losses in the short term.
CRYPTO:ADAUSDShort
by Ritika_TCR
Cardano (ADA) Price Prediction 2022 Cardano (ADA) Price Prediction 2022 Cardano (ADA) holds the 8th position on CoinGecko right now. ADA price prediction 2022 is explained below with a daily time frame. Descending Channel also known as the falling channel . A descending channel is formed by two parallel trendlines . The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market. Currently, Cardano (ADA) is in the range of $0.4508. If the pattern continues, the price of ADA might reach the resistance levels of $ 1.2463,If the trend reverses, then the price of ADA may fall to $0.4059
Long
by TheNewsCrypto
What Are ADA Bulls Waiting For?Cardano has a market cap of $16.4 Billion and is ranked 10th in the CMC. ADA price is currently down about 85% from its all time high and has seen less gains in comparison to its competitors. ADA price is currently trading near the value of $0.459 with a gain of 0.16% in the intraday session. ADA price is currently forming consolidated candles on the daily chart. It is trading below the 50 and 200 EMA. The upside trend of the ADA can see a halt near the value of $0.6. Meanwhile the support of the asset price can be seen near $0.4. The RSI of ADA is near 46 with no slope suggesting its presence in the neutral zone. The overall momentum of the RSI is bearish in nature.
by Ritika_TCR
1
renderwithme | ADA Technical Analysis Technical Analysis Recent technical analyses from web sources and X posts suggest a bullish outlook for ADA in the short to medium term, with specific price levels and patterns noted:Price Trends and Breakouts:As of July 24, 2025, ADA has broken out of a long-term downtrend and is retesting the breakout zone around $0.78. If this support holds, analysts predict a potential rally toward $1.20 or higher. Earlier analyses (November 2024) indicated ADA was at a critical juncture, with a potential breakout to $1.25 if resistance was cleared, or consolidation into a triangle pattern if rejected. A macro analysis from February 2025 highlights ADA maintaining a bullish structure above key invalidation levels, supported by its strong community and historical price action, suggesting a strong bullish continuation. On a 4-hour timeframe, an ascending triangle breakout was observed around $0.777, with targets at $0.83 and $0.86, supported by higher lows and increased volume for longer time frame target given in the chart ~~ Disclaimer ~~ This analysis is based on recent technical data and market sentiment from web sources. It is for informational \ educational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading. # Boost and comment will be highly appreciated.
Long
by renderwithme