- Cardano price up 6.93% in 24 hours, signaling short-term bullish momentum.
- Technical charts suggest a possible long-term reversal, despite recent bearish trends.
- 2025 price forecasts vary, from $0.682 to over $3.10, reflecting high market uncertainty.
Cardano (ADA) is now trading at $0.5831, having added 6.93% in the last 24 hours; its trading volume is $1.2 billion ($193,83 million/18,24%). Although there have been gains recently, ADA has lost 6.64 % within the last week as seen in altcoins and this happens because they are still very volatile.
Analyst Prometheus says ADA may be trying to form a higher low on the 3-month chart, even though the 1-month chart shows a bearish turn. A falling wedge pattern, which often signals a price bounce, has formed between late 2024 and mid-2025.
This chart pattern that is, historically, 65% effective in cryptocurrency markets is being closely observed. The descending highs and ascending lows gradually converge into a narrowing triangle or wedge often before there are upward breakouts.
The indicators give the trader’s viewpoint, OS extremes on a 1-day basis imply that sellingpressure is exhausted at this point while a 3M overbought alignment tell us that we are in aprofit taking zone.
The Journal of Financial Market (2021) advises of the above signals with an accuracy level of around 70% and hence we can cautiously expect change of trend in near term future.
ADA price range highlights historic volatility
Prometheus’ chart analysis shows a shift in momentum. The 1-month chart shows a bearish turn, with prices peaking and then dropping, suggesting recent downward pressure. However, the 3-month chart hints that ADA might be forming a base for a possible recovery.
Signals of both overbought and oversold conditions across different timeframes make the picture complex but also suggest a chance for a bullish move. According to the volume, this fact can be easily observed. As per the data provided by CoinGecko, volume had increased by 43.6% to attain $947 million which further indicates that institutional or large trading participation may be taking place.
Nevertheless, moving averages, possibly a 50DEMA or a 200DME still point downwards suggesting bearish momentum until the trend gets clearer above the support level. The range of prices given on the current charts, which show a range of $0.50 to $2.50 also highlights the historical volatility of ADA.
Even though its current price is around $0.58, the wedge’s convergence suggests that a likely end to this prolonged down trend should there be any confirmation signals in future systems.
Cardano price prediction for 2025
Price targets in 2025 for ADA are all over the place. DigitalCoinPrice foresees a bullish trend, with ADA competently breaching $1.28 by the year’s end and prospectively challenging its all-time high of $3.10. In January 2025, the value fell to $0.84 before firming up at around $1.16 further proves this point.
On the other hand, Changelly gives a more cautious forecast. They expect ADA to stay between $0.612 and $0.682, with an average around $0.751. For mid-2025, they predict a small return of about 1.8%, with prices in June around $0.594.
These different predictions show how uncertain the market is right now. Short-term signals are unclear, and investors are waiting for stronger moves before making big decisions.
