Build with CoinStats’ all-in-one API. Learn more

Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerCryptocurrenciesPricingCrypto APIMCPIntegrationsNewsRWA MarketEarnBlogNFTWidgetsDeFi Portfolio TrackerDerivativesETF FlowsCrypto GamingPrediction Markets24h ReportPress KitAPI Docs

Cardano Price Prediction: ADA Tests $0.30 as Bulls Target Higher Levels

2h ago•
bullish:

0

bearish:

0

Cardano is moving toward a key resistance area after a strong recovery from its lower price range. Crypto analyst CryptoPatel has pointed to $0.2887 as an important level for the next price move, with potential targets of $0.50, $1, $2, $3 and $5 if ADA can secure a sustained higher-timeframe close above it.

ADA was trading near $0.2722 on the supplied 2-week chart. That puts the token about 98% above the accumulation zone identified by the analyst. The wider chart also shows how ADA has recovered from the deep decline that followed its 2021 peak near $3.10.

ADA Moves Toward the $0.28 Resistance

We took a look at the 4 hour chart, with the price at $0.27225, having risen from the $0.18 level. This movement has been creating higher highs and higher lows since mid September.

ADAs 4H Chart

The next obstacle to be crossed is the resistance area of $0.2750 – $0.2800. ADA has been trading above its 9-period EMA at $0.26273, putting it 3.6% above the moving average.

RSI was at 72.63, putting it above the 70 benchmark, which is generally used for defining overbought situations. It doesn’t necessarily suggest that the upward trend will reverse, but it proves that the buying trend has driven the momentum into high levels. Breaking the 4-hour closing above $0.28 may bring ADA towards $0.30. In case of rejection by sellers of ADA in this region, the first level to pay attention to is the EMA of $0.2627.

Cardano Price Prediction Puts $0.30 in Focus

The daily chart gives ADA another test to clear. Price was around $0.27255, with resistance near $0.30.

ADAs 1D Chart

The 9-day EMA was at $0.25279, leaving ADA about 7.8% above the indicator. The RSI stood at 70.07, showing that the token is also approaching an overbought reading on the daily timeframe.

A daily close above $0.30 would strengthen the bullish setup and put 0.35–0.40 on the radar based on the levels marked on the chart. A rejection could send ADA toward the $0.25 area, which is close to the 9-day EMA. The ascending trendline also places support around $0.21–$0.22.

ADA’s Macro Targets Extend to $5

The bigger prediction comes from the 2-week chart. It shows ADA falling from its 2021 peak near $3.10 into a prolonged accumulation range around $0.10 – $0.20. The chart records a 3,402.85% advance during the previous major bull cycle. It also marks an 89.45% to 96.54% decline from the 2021 peak during the following downturn.

For CryptoPatel, $0.2887 is the key confirmation level. A sustained close above it would put $0.50 and $1 on the nearer target list, followed by $2, $3 and $5.

For now, ADA has three levels to clear: $0.28 on the 4-hour timeframe, $0.30 on the daily chart and $0.2887 on the macro setup. How price reacts around these levels could determine whether the current Cardano price prediction develops into a broader move higher or another test of support.

2h ago•
bullish:

0

bearish:

0

Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.