Cardano (ADA) is currently trading at $0.8088, which is lower by 4.04%. The last 24-hour volume is $854.08 million, lower by 10.88%. The seven-day movement is also negative, with ADA losing 4.51% over the last week.
Market commentators state that the correction isn’t a surprise. Cryptocurrency markets have ties to the broader macros. The horizontal action of Bitcoin is also affecting altcoins. ADA remains one of the largest by market cap, though short-term sentiment is cautious. Traders are looking to see if it can maintain the $0.80 line next week.
Historical patterns support ADA consolidation
Crypto analyst CryptoPulse notices that ADA is currently located inside of a classic accumulation range. Long-term investors are showing interest at the area between $0.70 and $0.80. Many consider that zone of the price to be where the smart money stealthily accumulates.
The plan is simple: buying low before a breakdown. ADA tends to consolidate before strong movements by history. If the trend were to reverse, the next upward move may start here. Traders buying smaller today expect history to repeat itself. Patience will be the name of the game these days.
ADA price predictions for 2025
DigitalCoinPrice sees brighter days ahead of ADA throughout 2025. Their outlook shows an increase above $1.78 by the year-end. The platform also shows ADA may retest the all-time high of $3.10. Their investors believe network development will facilitate the jump in price.
Changelly gives a more conservative projection. Its estimate calculates ADA could range anywhere between $0.771 and $0.916 come 2025. The average trading price is pegged at $1.06. Traders expect highs of $1.06 and lows of approximately $0.814 come September 2025. A 30% ROI remains on offer.
