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Cardano price prediction 2024-2030: Will Cardano reach $1?

Key takeaways

  • Cardano’s price can reach a potential high of $0.55 in 2024.
  • In 2027, we expect ADA/USD to reach $5.03.
  • Provided that the platform grows and adoption increases, Cardano can hit $10.32 in 2030.

Cardano was founded by one of the original Ethereum founders, Charles Hoskinson. While the development of the Cardano platform began in 2015, the platform went live in 2017 along with the associated cryptocurrency ADA.

Hoskinson had the goal to address the three main challenges that blockchains face. These are scalability, sustainability, and interoperability. 

After the halving event of Bitcoin earlier this year, experts are speculating on whether Cardano can retrace up and retest its all-time high in 2025. Speculations about an upcoming bull run are further driving investment into ADA.

At the same time, many crypto enthusiasts and investors (both short-term and long-term) ask, “Will ADA hit $100 in 2030?” and whether it can retrace back to $3.09 (the all-time high).

Overview

CryptocurrencyCardano
TokenADA
Price$0.357403
Market Cap$16,598,273,686.65
Trading Volume$285,452,656.94
Circulating Supply35,652,366,787 ADA
All-time High$3.09
All-time Low$0.02
24-hour High$0.374
24-hour Low$0.346

Cardano price prediction: Technical analysis

MetricValue
Volatility3.95%
50-day SMA 0.42981
14-Day RSI36.005
SentimentBearish
Fear & Greed Index26 (Fear)
Green Days13/30 (40%)

Cardano price analysis: ADA dips below the support gears to retrace back to $0.42

TL: DR Breakdown

  • ADA price has dipped to $0.317 after breaking below the previous support line. Before that, it consolidated sideways between $0.401 and $0.522 for days.
  • It is gearing to retrace back to the previous support line at $0.34 and possibly upwards to $0.42.
  • ADA can retrace back to an average price of $0.42 in the next few days.

The Cardano price analysis on July 7 shows that ADA/USD is gearing to retrace back to the $0.42 levels after forming a local bottom at $0.317 recently. As of now, it seems to have bottomed out, and based on the market’s conditions, the only possibility is to retrace back towards the upside. Earlier, it consolidated sideways for several days between $0.401 and $0.522 before breaking lower.

ADA price analysis 1-day chart: Strong support has been formed at $0.317

Cardano’s 1-day chart shows that a strong support has been formed at $0.317 due to significant buy pressure at that level. ADA/USD continued to consolidate for several days before reaching this point. It has already broken past the resistance at $0.35 and now heads towards the $0.42 zone, where it is likely to face a lot of sell pressure again. Overall, the structure is bearish, but in the short-term, the 1-day chart shows a good possibility for retracement.

ADA/USD 1-day chart (Source: TradingView

The RSI on the daily chart is also somewhat stable at 40. Hence, we do not expect any sudden price action or god candles on the daily chart. ADA is expected to slowly retrace upwards before we see any extreme price action.

Cardano 24-hour price movement: Lack of volatility with slight indications of retracing to $0.42

Overall, Cardano seems to be facing some resistance at $0.373 on the 1-hour chart, possibly due to traders cutting their losses. It also seems to be lacking volatility on the lower time frame. In the short term, it looks like Cardano will have to break above this barrier in order to retrace above. However, some bullish momentum is required to break above.

ADA/USD 1-hour chart (Source: TradingView) 

The RSI on the 1-hour chart shows that Cardano is slightly overbought at the momentum. With the RSI at 62, a sell-off was somewhat expected. However, it should stabilize soon and then continue its trend upwards. The biggest resistance that it is yet to face will be at the $0.42 mark.

What to expect from Cardano price analysis

Overall, Cardano’s short-term price movement is suggesting that it will consolidate sideways. However, in the bigger picture, we can expect it to break lower than the support line at $0.34 or higher than $0.395 depending on the market’s sentiments. As of now, its final course is quite uncertain.

ADA technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 3 0.371112SELL
SMA 5 0.38531SELL
SMA 10 0.38908SELL
SMA 21 0.39406SELL
SMA 50 0.42981SELL
SMA 100 0.47059SELL
SMA 200 0.53525SELL

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 3 0.38825SELL
EMA 5 0.38786SELL
EMA 10 0.39031SELL
EMA 21 0.40292SELL
EMA 50 0.43275SELL
EMA 100 0.46870SELL
EMA 200 0.48048SELL

Cardano price analysis conclusion

Overall, Cardano seems to have a bearish outlook and the fear is high among the investors. This is due to the fact that the recovery to its previous prices seems to be very slow, and it lacks significant positive momentum even on green days. However, in the short-term, it is expected to break above $0.415 with strong support at $0.34

Why is Cardano Down? 

Cardano is down because the market’s conditions are somewhat bearish right now, and all the other alts are struggling too. It recently broke below its resistance level at $0.405, however, it has already bottomed out on 5 July after dipping to a low of $0.317. That is the current support level for Cardano. As of 7 July, Cardano is gearing up to retest to retrace up to the new resistance level between $0.40 – $0.42.

Is Cardano a good investment?

Cardano offers a scalable smart contracts platform that uses a unique PoS consensus algorithm that is highly energy efficient. It has a growing user base. It also enables exciting applications like RWA (real world asset tokenization), which is considered to gain massive attention in the near future. 

Since ADA serves as the native token that powers the Cardano ecosystem, it is certainly a good investment for the long-term. Even though its market is currently down, there is no reason why it can’t recover to its previous levels in the future. 

Will Cardano Recover?

Yes, Cardano is likely to recover near the end of this year. Based on our price analysis, it will reach a potential high of $2.02 and go up to $2.42 in 2025. In the long term, it can reach its all time highs based on market’s sentiment and platform updates.

Will Cardano Reach $2?

Yes, Cardano can reach $2 by the end of this year. Although, the last time it touched that level was in November 2021. As of 2024, if the bull market returns in full swing, there is no reason why Cardano can’t touch $2.

Will Cardano Reach $3?

Based on the fact that we have a lot of old buyers waiting to cut losses and new sellers who bought in on recent bottoms, Sol is likely to face a lot of resistance as it heads towards $3. However, with bulls in full swing, $3 is a realistic target. 

Will Cardano Reach $5?

Since the all time high of Cardano was around $3, breaking this point will require significant bullish momentum. While it is possible, the overall bearish sentiments regarding Cardano’s past performance can cause a lot of resistance. Hence, it is not likely to reach $5 before 2027-2028.

Does Cardano Have a Good Long Term Future?

Yes, Cardano does have a good long-term future since many crypto investors believe that this coin is extremely undervalued right now, and overshadowed by other bigger giants like Solana and Ethereum. However, since the Cardano platform continues to improve, ADA/USD has a good future in the long term.

Recent news/opinion on Cardano

  • It was recently announced that Cardano is available for custody and trading on PostFinance. This news can increase its adoption and possibly help in the short-term price recovery.

Cardano price prediction July 2024

Based on the current price action, there is not likely to be much upward momentum in Cardano in July 2024. Its price has recently broken the support at $0.413 and dipped to a low of $0.361 where it bottomed out. From here, it is likely to continue retracing upwards. 

Market conditions are expected to be slightly bullish over the next few months, so ADA may retrace back to $0.42 and retest it in June. However, given that ADA has retraced significantly from its all-time high of $3.09, sell pressure remains high as many early investors cut their losses on the way up.

Cardano Price PredictionPotential LowPotential AveragePotential High
Cardano Price Prediction July 2024$0.34$0.440.55

Cardano price prediction 2024

The market is expected to take a bullish turn by the end of this year. Based on these speculations, we can expect that ADA/USD will somewhat recover and may also break above the local top at $0.512 that it created on 21 April. However, the overall investor confidence in Cardano isn’t very high at the moment.

However, if we are confirmed to be in a bull run and new retail enters the crypto market in Q4 of 2024, we can expect Cardano to retest its previous all-time high. Breaking through that point would, however, require a lot of buying pressure.

Cardano Price PredictionPotential LowPotential AveragePotential High
Cardano Price Prediction 2024$1.37$1.695$2.02

Cardano price predictions 2025-2030

YearMinimum PriceAverage PriceMaximum Price
2025$1.81$2.11$2.42
2026$2.76$3.03$3.30
2027$4.56$4.79$5.03
2028$5.29$5.51$5.73
2029$6.68$7.23$7.79
2030$9.12$9.72$10.32

Cardano price prediction 2025

In 2025, ADA’s average price could be about $2.11. Its minimum and maximum prices can be expected at $1.81 and $2.42, respectively. 

Cardano price prediction 2026

Entering 2026, ADA’s potential price is expected to rise, after which it may range between $2.76 and $3.30. During this period, the average price will fluctuate around $3. However, since it would be near Cardano’s all-time high, it can face significant resistance from early investors breaking even.

Cardano price prediction 2027

Looking at Cardano’s past performance and assuming that it follows the crypto market trends, we can expect ADA/USD to break above the previous all-time high and potentially hit $5.03. Cardano’s price prediction for 2027 projects a minimum price of $4.56 and an average price of $4.79

Cardano price prediction 2028

In 2028, ADA/USD is expected to continue its rally upward after four full years of Bitcoin halving. At this point, its price can hit a maximum price of $5.73 an average price of $5.51 and a minimum price of $5.29.

Cardano price forecast 2029

Based on the current market projection, ADA can be valued at a minimum of $6.68, forming strong support. At this point, it may continue its upward rally and get elevated to $7.79. However, the average price is expected to be around $7.23 during this time.

Cardano (ADA) price prediction 2030

The price of ADA/USD in 2030 is expected to soar to the $10 mark. However, this would require the Cardano ecosystem to achieve significant growth and the overall structure of the crypto market to turn bullish. In 2030, the price of ADA is forecasted to be around a minimum value of $9.12, maximum value of $10.32 and an average trading value of $9.72.

Cardano market price prediction: Analysts’ ADA price forecast

Firm Name20242025
Coincodex$0.44$2.19
DigitalCoinPrice$0.92$1.07
Changelly$0.506$1.05

Cryptopolitan’s Cardano (ADA) price prediction

Even though the current ADA/USD market struggles with a lot of sell pressure, Cryptopolitan’s overall outlook in the long term is positive, especially because it has affordable fees and an ecosystem that supports smart contracts. Our Cardano price forecast suggests that it can recover to its previous all-time high of $3.09 and potentially break above in the coming years.  

Cardano historic price sentiment 

  • Cardano was founded in 2015 and went live in 2017. It initially gained investor support and popularity for being affordable and environmentally friendly due to its unique PoS mechanism called Ouroboros. 
  • In 2021, Cardano implemented the smart contract feature with the Alonzo update. This update came on the ADA test network and brought the interoperability and scalability that was promised to the users earlier.
  • The ADA price reached its all-time high during the bullish cycle of 2021 when it hit $3.09. However, its price started plummeting at the beginning of September 2021 and reached a low of $0.220 in June 2023. 
  • It then formed a local high at $0.810 on 14 March 2024 before dipping again to $0.401 in April 2024 due to heavy selling pressure as early investors rushed to cut their losses.
  • From 13 April 2024, Cardano has been trading between $0.52 and $0.401, with strong support at the $0.4 mark. It has retested this zone twice and rejected it, which suggests that recovery may be possible once this consolidation period ends.
  • In May 2024, Cardano made a local top at $0.51 and rebounded lower after retesting this resistance level.
  • ADA is trading within the range of $0.317 and $0.423 in July after forming a local bottom at $0.317. It is now expected to retrace back towards the upside.

FAQs

Is Cardano a good investment?

Since Cardano is currently in a dip, it can be a great investment for those who believe in its technology and its ability to recover over the long term.

What is the utility of the ADA token?

ADA is the native token of the Cardano ecosystem that supports dApps, and it is used to pay transaction fees on the platform. It can also be staked to earn passive rewards.

Where can I buy ADA?

You can buy ADA on all major cryptocurrency exchanges like Binance, Coinbase, Kraken, KuCoin, and more.

Is there a risk to staking Cardano?

There are no risks to staking Cardano. However, like all other cryptocurrencies, you must keep your wallet's private keys safe in order to retain access to your funds.

Can the Cardano price crash?

Cardano is already on a dip, and while its market may not be very bullish right now, its long-term projections are good. New developments are happening in the Cardano ecosystem. Hence, its price is not likely to crash.

Is Cardano a scam or legit?

Cardano is a legit cryptocurrency that fuels transactions on the Cardano ecosystem, which supports decentralized applications.

Where do I safely store ADA?

You can store Cardano safely on any hot or cold wallet that supports ADA, such as Daedalus wallet or a Ledger Nano S.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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