As the selling pressure rises in waves, the crypto market experiences huge volatility over the weeks. With the crash affecting Bitcoin Halving sentiments, the altcoins are struggling to break the supply barriers. With the anticipations hitting the minimum, the blue-chip coins like Cardano are facing huge supply inflows.
Following the 31% surge in February, the altcoin now returns to a low of $0.45 with a 29% drop in April, with 12 days left for month end. However, despite the ADA’s price performance, the sideliners expect the altcoin to rise above $1 this year, while some investors keep pondering: “Is Cardano Dead?”
Are you considering buying Cardano this month? Dive into our Cardano price prediction for 2024-2030 and find the best opportunity to buy Cardano.
And for burning questions like “Is Cardano a good investment?” or “Will Cardano reach $100?” – we’ve got you covered in our detailed Cardano (ADA) price forecast for 2024-2030.
Overview
| Cryptocurrency | Cardano |
| Token | ADA |
| Price | $ 0.46961029 |
| Market Cap | $ 16,729,713,663.9801 |
| Trading Volume | $ 548,180,871.4134 |
| Circulating Supply | 35,624,674,738.2010 |
| All-time High | $3.10 Sep 02, 2021 |
| All-time Low | $0.01735 Oct 02, 2017 |
| 24 High | $ 0.4714 |
| 24 Low | $ 0.4227 |
ADA Coin Price Prediction April 2024
The ADA token price has recently experienced a notable downturn in value, descending from the $0.68 high. This decline resulted in a wedge pattern on the daily chart. However, the crypto market’s recent correction leads to a bearish breakdown in the Cardano price pattern.
Crossing under the long coming support trendline, the ADA price breaks the $0.50 psychological support level. In this correction phase, the bears are testing the bullish resilience at the $0.45 support zone. Further, the higher price rejection in recent daily candles warn of a bearish continuation.
However, the bullish divergence in the daily RSI speaks of a different possibility. As per the momentum indicator and a potential double bottom at $0.45, the ADA price could resurge. A bullish comeback could drive the altcoin to the $0.55 mark.
Conversely, a downfall below $0.45 could plunge the altcoin price to $0.35.
| Cardano Price Prediction | Potential Low ($) | Average price ($) | Potential High ($) |
| April 2024 | $0.35 | $0.45 | $0.55 |
Cardano Price Prediction 2024
The overall market experiences a quick slowdown in the optimism around Cardano’s price trend. This shows a critical hit on the bullish reversal signals.
With the ongoing support of whales, the rising number of large transactions and the overall growth of the DeFi sector help fuel the recovery of Cardano. Considering the upcoming bullish events of 2024, the Cardano coin price can sustain this momentum and reach higher in 2024. The recovery rally will prove pivotal, with the recent breakout rally and the trend reversal being the key entry levels.
Currently trading at $0.657, the Cardano coin price brings a buying opportunity as it may soon cross $1 and reach the $1.5 mark. Therefore, with a bull run in 2024, Cardano prices are expected to create a new swing high of $2.02. With an average of $1.695, the ADA prices could settle down at $1.37 by the end of 2024 due to exhaustion.
| Cardano Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 1.37 | 1.695 | 2.02 |
Factors Influencing Cardano’s Price Movements
Many outside influences impact the price of Cardano each day. Understanding these factors can help when setting rates for your services. Several elements are essential to watch:
- Market sentiment: Whether the overall crypto market is bullish or bearish, it will affect Cardano’s value. Monitoring overall market movements is critical.
- Network usage and transactions: More people are using the Cardano blockchain for applications and transactions, which increases demand. Growth in these areas often pushes the price higher.
- Coin burn or minting: Events where large amounts of ADA are removed or put back into circulation change supply and demand dynamics. This movement impacts the price.
- Partnerships and adoption: Announcements of new partnerships or companies/projects building on Cardano give investors optimism. Such news frequently sparks price rises.
- Regulations: Any comments from governments or regulators about strengthening or loosening controls on cryptocurrency trading can move prices dramatically. Developments here must be watched closely.
ADA Price Prediction 2025
The year 2025 could signal growth for ADA, with prices potentially oscillating between a low of $1.81 and a high of $2.42. The average price during this period could stand at $2.115.
| Cardano Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 1.81 | 2.115 | 2.42 |
Cardano (ADA) Price Prediction 2026 – 2030
| Cardano Price Prediction | Potential Low… |
Read More: Cardano Price Prediction: 2024, 2025, 2026