Cardano (ADA) is trading at $0.7357, a 0.28% rise, while volume surged 16.65% in just 24 hours, totaling $1.8 billion. Over the last week, ADA gained a notable 27.46%. This rise, though modest daily, reflects growing interest and strong investor confidence.
Traders are watching ADA’s action closely. That it is sticking above the $0.70 handle is good support. That there is a pickup in volume at resistance levels is indicative of simmering momentum. If it keeps up, there could be a bullish breakout before long. It appears buyers are coming in aggressively in hopes of a long-term payoff.
Bullish Momentum Grows for Cardano
Crypto analyst CryptoBullet provided a clear roadmap of ADA into the future. His chart dates back as early as 2020 up until mid-2025 and depicts an enormous symmetrical triangle. A rising blue uptrend line since 2021 signifies long-term support. Red resistance lines, in contrast, converge, indicating a squeeze is next.
A green target zone appears above $1.60, signaling the breakout point. The volume bars below the chart are growing larger near key resistance levels, a bullish sign. This rise in activity shows investors are watching closely. CryptoBullet believes a breakout could be coming soon if ADA cracks the upper resistance band.
ADA Price Predictions Vary Widely in 2025
Estimates range dramatically across exchanges. DigitalCoinPrice forecasts ADA reaching $1.62 before the end of 2025, potentially reaching $3.10. That would top its current all-time high. According to them, ADA may stay in the range of $1.43 to $1.62 in the near future. Top market players express similar sentiments, predicting that the coin is due for a massive jump.
Changelly is less positive too. In their forecast, ADA will only reach as high as $0.755 in 2025, averaging $0.963. Their $0.787 in July of 2025 only calls for a 9.3% ROI. This huge discrepancy is evidence of just how unpredictable the market is, despite bullish signs on the chart.
