Key Takeaways
- Crypto analysts speculate a $6 ADA price in 2025 as bullish price action looks similar to the 2021 bull cycle.
- Cardano bulls are building bullish price action despite suffering a price setback from a high of $1.3, as the price could retest $0.7.
- For a bullish price structure to resume fully, ADA’s price needs to trade above $1 and its 50-day and 200-day EMAs.
| Token Name | Cardano (ADA) |
| Current Price | $0.89 |
| Market Capitalization | $31.4B |
| Total Circulating Supply | 35.13B ADA |
| Daily Support | $0.7 |
| Weekly Support | $0.7 |
| 30 Days Performance | -7% |
Technical Overview and Market Sentiment
Source – ADA Technical Sentiment From Digitalcoinprice
A few weeks ago, the cryptocurrency market witnessed a drastic drop in price as Bitcoin took a nosedive towards $92,000. This affected the crypto market as Cardano (ADA) suffered an over 20% price decline to a region of $0.77, but its price bounced from that region to trade up around $0.9.
Despite showing some measure of strength, the price of ADA has struggled to show a strong bullish price rally for some days as its price continues in a range-bound price movement and could retest key support ahead of the 2025 bull market cycle.
Current sentiment around ADA price has dropped to neutral following recent crypto market retracement and holidays but price for crypto altcoins could pick up with increased volume in early parts of 2025.
Crypto Analyst Speculates Price Of ADA
Source – ADA Previous Cycle Comaprison By Ali On X
The price of Cardano (ADA) has been fluctuating in the past few weeks. Crypto experts and traders maintain a positive outlook on ADA following its impressive rally from $0.4 to a high of $1.3 before suffering a price retracement to $0.77.
Crypto experts believe ADA, at this current price, is a steal and could be set for a parabolic run in 2025. Top crypto analyst and influencer Ali took to his X page to speculate on its price, stating, “ADA is following an eerily similar pattern to its previous cycle. Back in 2020, the first major correction after the bull rally began happened at the very same time as the correction we are experiencing today. $6 next!“
Cardano (ADA) Technical Analysis
Source – ADA Price Chart From TradingView
Cardano currently trades at around $0.89. The price has formed a bullish wedge structure on the 4-hour timeframe, respecting its bearish trendline.
A break out of its bullish structure wedge pattern would see the price rally toward its previous all-time high of over $3. ADA bulls need to push the price of Cardano above its 50-day and 200-day EMAs (Exponential Moving Averages), as these zones act as Resistance for price.
A bullish close above the 50-day and 200-day EMA and a breakout from its bullish wedge pattern could kick start its parabolic price rally, as many in the crypto space have speculated.
Key regions to watch for ADA prices in the coming few days and weeks are as follows;
Key Support – $0.7
Key Resistance – $1
