Cardano Price Prediction: How High Can It Go?
Cardano price is showing signs of a comeback. Will it break out above $0.65 or fall back again?
Cardano (ADA) is once again drawing attention as it hovers near the $0.64 mark, signaling a possible shift in trend after a multi-week downtrend. With buyers slowly regaining momentum and technical indicators pointing toward a potential breakout, the crypto community is asking the obvious: is Cardano price about to surge—or stall?
Cardano Price Prediction: Is Cardano Building a Bottom on the Daily Chart?
Looking at the daily chart, Cardano’s price action appears to be forming a rounded bottom, a potential reversal pattern that could support a bullish continuation if confirmed. The Heikin Ashi candles are showing smaller wicks and stable upward movement, which suggests reduced selling pressure and growing buyer interest.
Currently, Cardano price is trading just below the 20-day SMA ($0.645) and has its eyes set on flipping this level into support. The 50-day SMA ($0.71) and 100-day SMA ($0.79) remain overhead as major resistance points. A breakout above these moving averages could push the price toward the $0.85–$0.90 range in the short term.
Meanwhile, the Accumulation/Distribution Line (ADL) at 1,573.99 is recovering from a dip, signaling that smart money may be accumulating ADA as the sentiment shifts more positive.
What Is the Hourly Chart Telling Us About Near-Term Momentum?
On the hourly chart, Cardano is looking stronger, with a breakout above all key short-term moving averages: the 20-, 50-, 100-, and 200-hour SMAs. The latest candle shows Cardano trading at $0.6458, up slightly from the session open, and pushing higher on consistent volume.
The upward slope of the SMAs and a stable ADL (at 1,330.42) show steady demand. ADA is not pumping erratically—this looks like gradual accumulation, which is generally a healthier signal for sustainable gains. If the bullish structure holds and volume increases, ADA could retest $0.66–$0.68 in the very near term.
However, if it fails to hold above the 200-hour SMA, a quick pullback toward $0.625 is possible. That level should act as the first strong support before a deeper correction.
Are Traders Buying or Selling ADA Right Now?
Right now, the charts suggest accumulation over distribution. While we haven’t seen a full-scale breakout yet, ADA price is showing strength in reclaiming important short-term levels. Traders who entered near the $0.58–$0.60 support zone are currently sitting in profit, and may choose to hold unless ADA is rejected at the 50-day SMA.
For buyers, a close above $0.65 with volume confirmation could be a solid entry for a swing toward $0.70 or higher. On the flip side, sellers may look to exit around $0.66–$0.68, where resistance has held in the past. Until a breakout or breakdown occurs, ADA may continue to chop in a tight consolidation zone, giving swing traders time to position accordingly.
Cardano Price Prediction: What's the Forecast for Cardano Price This Week?
If current momentum continues and Cardano price breaks the $0.65 resistance convincingly, the price could quickly climb to test the $0.70–$0.75 zone. A daily candle close above the 50-day SMA would be a bullish confirmation of a trend reversal, potentially opening up a run toward $0.80–$0.90 over the next few weeks.
However, if the rally stalls and ADA fails to stay above $0.63, traders should watch for a correction back toward the $0.60–$0.58 support area. As long as it holds that level, the structure remains intact.
In short, Cardano price is at a make-or-break level—and the next move could set the tone for Q2.
Prasanna Peshkar
Prasanna Peshkar is a seasoned writer and analyst specializing in cryptocurrency and blockchain technology. With a focus on delivering insightful commentary and analysis, Prasanna serves as a writer and analyst at CryptoTicker, assisting readers in navigating the complexities of the cryptocurrency market.
Cardano (ADA) is once again drawing attention as it hovers near the $0.64 mark, signaling a possible shift in trend after a multi-week downtrend. With buyers slowly regaining momentum and technical indicators pointing toward a potential breakout, the crypto community is asking the obvious: is Cardano price about to surge—or stall?
Cardano Price Prediction: Is Cardano Building a Bottom on the Daily Chart?
Looking at the daily chart, Cardano’s price action appears to be forming a rounded bottom, a potential reversal pattern that could support a bullish continuation if confirmed. The Heikin Ashi candles are showing smaller wicks and stable upward movement, which suggests reduced selling pressure and growing buyer interest.
Currently, Cardano price is trading just below the 20-day SMA ($0.645) and has its eyes set on flipping this level into support. The 50-day SMA ($0.71) and 100-day SMA ($0.79) remain overhead as major resistance points. A breakout above these moving averages could push the price toward the $0.85–$0.90 range in the short term.
Meanwhile, the Accumulation/Distribution Line (ADL) at 1,573.99 is recovering from a dip, signaling that smart money may be accumulating ADA as the sentiment shifts more positive.
What Is the Hourly Chart Telling Us About Near-Term Momentum?
On the hourly chart, Cardano is looking stronger, with a breakout above all key short-term moving averages: the 20-, 50-, 100-, and 200-hour SMAs. The latest candle shows Cardano trading at $0.6458, up slightly from the session open, and pushing higher on consistent volume.
The upward slope of the SMAs and a stable ADL (at 1,330.42) show steady demand. ADA is not pumping erratically—this looks like gradual accumulation, which is generally a healthier signal for sustainable gains. If the bullish structure holds and volume increases, ADA could retest $0.66–$0.68 in the very near term.
However, if it fails to hold above the 200-hour SMA, a quick pullback toward $0.625 is possible. That level should act as the first strong support before a deeper correction.
Are Traders Buying or Selling ADA Right Now?
Right now, the charts suggest accumulation over distribution. While we haven’t seen a full-scale breakout yet, ADA price is showing strength in reclaiming important short-term levels. Traders who entered near the $0.58–$0.60 support zone are currently sitting in profit, and may choose to hold unless ADA is rejected at the 50-day SMA.
For buyers, a close above $0.65 with volume confirmation could be a solid entry for a swing toward $0.70 or higher. On the flip side, sellers may look to exit around $0.66–$0.68, where resistance has held in the past. Until a breakout or breakdown occurs, ADA may continue to chop in a tight consolidation zone, giving swing traders time to position accordingly.
Cardano Price Prediction: What's the Forecast for Cardano Price This Week?
If current momentum continues and Cardano price breaks the $0.65 resistance convincingly, the price could quickly climb to test the $0.70–$0.75 zone. A daily candle close above the 50-day SMA would be a bullish confirmation of a trend reversal, potentially opening up a run toward $0.80–$0.90 over the next few weeks.
However, if the rally stalls and ADA fails to stay above $0.63, traders should watch for a correction back toward the $0.60–$0.58 support area. As long as it holds that level, the structure remains intact.
In short, Cardano price is at a make-or-break level—and the next move could set the tone for Q2.
Prasanna Peshkar
Prasanna Peshkar is a seasoned writer and analyst specializing in cryptocurrency and blockchain technology. With a focus on delivering insightful commentary and analysis, Prasanna serves as a writer and analyst at CryptoTicker, assisting readers in navigating the complexities of the cryptocurrency market.
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