ADA Price Prediction: ADA Expected to Rise by 28.57% in the Next 5 Days

ADA price is expected to rise by 28.57% in the next 5 days according to our Cardano price prediction is trading at $0.746877 after losing -8.87%

ADA is currently trading at $0.746877 after losing -8.87% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.33% in the same time period. ADA performed poorly against BTC today and recorded a -5.52% loss against the world’s largest cryptocurrency.

According to our Cardano price prediction, ADA is expected to reach a price of $0.958338 by Feb 09, 2025. This would represent a 28.57% price increase for ADA in the next 5 days.

Cardano has been displaying a negative trend recently, as the coin lost -31.36% in the last 30-days. The medium-term trend for Cardano is bullish, with ADA increasing by 107.03% in the last 3 months. The long-term picture for Cardano is positive, as ADA is currently displaying a 52.47% 1-year price change. On this day last year, ADA was trading at $0.489865.

Cardano reached its all-time high price on Sep 02, 2021, when the price of ADA peaked at $3.10. The current ADA cycle high is at $1.32, while the cycle low is at $0.234392. ADA has been displaying low volatility recently – the 1-month volatility of the coin is at 8.84. Cardano recorded 15 green days in the last 30 days.

The sentiment in the Cardano markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $0.650537, $0.487331 and $0.399867, while $0.901207, $0.988671 and $1.15 are the key resistance levels.

10 indicators are currently signaling a bullish prediction for Cardano, while 21 indicators are showing a bearish forecast. With 68% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Cardano.

Currently, the Fear & Greed index is at 72 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Cardano is at 36.63, suggesting that ADA is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Cardano over the last 50 days. Currently, Cardano is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ADA closing price for the last 200 days. ADA is now trading below the SMA 200, signaling that the market is currently bearish.

After considering the above factors, we can conclude that the current forecast for Cardano price prediction is Bearish. ADA would have to increase by 28.57% to hit our $0.958338 target within the next five days. Moving forward, it will be important to monitor the ADA market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Cardano price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.