ADA Price Prediction February 2025: Will ADA Reach $1.13 Soon?

ADA price is expected to rise by 20.64% in the next 5 days according to our Cardano price prediction is trading at $0.912843 after losing -3.79%

ADA is currently trading at $0.91 after losing -3.79% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.72% in the same time period. ADA performed poorly against BTC today and recorded a -3.21% loss against the world’s largest cryptocurrency. According to our Cardano price prediction, ADA is expected to reach a price of $1.13 by Feb 06, 2025. This would represent a 20.64% price increase for ADA in the next 5 days.

Cardano has been displaying a negative trend recently, as the coin lost -4.91% in the last 30-days. The medium-term trend for Cardano is bullish, with ADA increasing by 174.84% in the last 3 months. The long-term picture for Cardano is positive, as ADA is currently displaying a 79.18% 1-year price change. On this day last year, ADA was trading at $0.509.

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 6.30. Cardano recorded 17 green days in the last 30 days.

The sentiment in the Cardano markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $0.927785, $0.910784 and $0.882300, while $0.973270, $1.00 and $1.02 are the key resistance levels.

15 indicators are currently signaling a bullish prediction for Cardano, while 15 indicators are showing a bearish forecast. With 50% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Cardano.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 68 (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 46.92, 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 Neutral. ADA would have to increase by 20.64% to hit our $1.13 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.