Cardano (ADA) has been forecasted to have a bullish price of $1.4932 to $2.5468 in 2024. It also has a bearish price prediction of $0.4481. If the bullish trend continues, ADA may reach $3. Technical analysis indicators suggest a neutral price momentum in the current year of 2024. If the market momentum positively elevates and with future upgrades, ADA might surpass its current all-time high of $3.10 and mark its new ATH. The price of ADA is expected to reach $3.5 by 2025.
Cardano (ADA) is the native token of the Cardano blockchain that uses the Proof-of-Stake (PoS) consensus mechanism, Ouroborus. The platform aims to scale the permissionless nature of the DeFi space and aid the mission of banking the unbanked.
If the pattern trend continues, then the price of ADA might reach the resistance levels of $1.2775 and $6.2616 in 2024. If trend reverses, then the price of ADA may fall to the support levels of $0.5383 and $0.2390.
Cardano (ADA) has been built as an upgraded version of Ethereum’s smart contract network.
Technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) provide bullish signals for the cryptocurrency in 2024.
Cardano (ADA) might hit $3 if the market momentum and investors’ sentiment positively elevate. Future upgrades and advancements in the platform might help ADA surpass its current all-time high (ATH) of $3.10 and mark its new ATH.
Cardano (ADA) price is expected to reach $4 by 2026 and $5.5 by 2030.
ADA has been listed on many crypto exchanges which include Binance, Coinbase Exchange, KuCoin, Bitfinex and OKX.
Cardano (ADA) reached its new all-time high (ATH) of $3.10 in September 2021 and hit its all-time low (ATL) of $0.01735 in October 2017.
The bullish Cardano (ADA) price prediction for 2024 is $2.5468 and the bearish Cardano (ADA) price prediction for 2024 is $0.4481.