ADA Price Prediction: Will the Plomin Upgrade Spark a Bull Run?

The Cardano price has climbed more than 1% in the last 24 hours to trade at $0.96 as of 02:24 a.m. EST on an 11% pump in trading volume to $819 million.

The Cardano (ADA) price has shown a slight uptick in the last 24 hours, increasing by 1% to trade at $0.96 as of 02:24 a.m. EST. This comes as the Plomin upgrade was activated on Jan. 29, which is a major step in the ecosystem’s long-awaited move towards a decentralized governance system.

The price also experienced an 11% pump in trading volume, which now stands at $819 million. This uptick in momentum could be linked to the increasing participation of ADA token holders in shaping Cardano's future, including voting on treasury measures and hard forks.

Cardano Price On A Corrective Phase

After a recent market downturn from a peak near the $1.25 resistance level, ADA price action has been in a corrective phase on the 4-hour timeframe. Currently, ADA trades around $0.9619, attempting to maintain momentum above key moving averages.

A support zone around $0.85–$0.90 has been respected, acting as a cushion against further price declines. ADA has tested this area multiple times.

However, the price faces a crucial resistance at $1.15, where selling pressure appears to be strong, according to GeckoTerminal data.

Moreover, ADA is fluctuating around the 50-period Simple Moving Average (SMA) on the 4-hour chart at $0.9642 and below the 200-period SMA at $0.9837. This indicates that while buyers are trying to regain control, the bearish sentiment still holds weight.

Meanwhile, the Relative Strength Index (RSI) stands at 53.52, indicating a neutral stance. It is neither in overbought nor oversold conditions, suggesting that the market is in a consolidation phase with the potential for either a breakout or breakdown.

The Moving Average Convergence Divergence (MACD) line (blue) is slightly above the signal line (orange), but remains close to the zero line. This indicates weak bullish momentum with the possibility of a trend shift if buying volume increases. However, the histogram shows a minor bearish divergence, meaning caution is needed.

ADA Price Prediction

Given the current chart setup, the ADA price is at a crucial decision point.

A break above the $0.98–$1.00 resistance zone and the 200-period SMA could pave the way for a retest of $1.10–$1.20 levels. This would require strong bullish volume and positive market sentiment.

On the downside, if the $0.90 support zone fails, the Cardano price could retest lower levels around $0.85 or even $0.80. However, considering the strong accumulation seen in this range, buyers are likely to step in before such a drop occurs.

As the Cardano price tries to enter into a bullish move, investors are snapping up a new AI agent crypto called MIND of Pepe (MIND) , which 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, says has the potential to soar 20X after its launch.

MIND Of Pepe Presale Closes On $5 Million—Next Crypto To Explode?

MIND of Pepe is a bold new AI agent crypto that has already attracted a huge following, with its presale having raised more than $4.4.

One outstanding feature of the project is its AI’s ability to analyze the emerging trends in the Web3 space on social media platforms, especially ‘Crypto Twitter,’ before the rest of the market catches on.

A new cryptocurrency that is designed to keep up with the fast-paced and ever-changing world of Web3 is preparing to launch after raising more than $4.4 million in its presale.

Dubbed MIND of Pepe (MIND) , the new crypto is the brainchild of a team of experienced Web3 professionals and crypto traders who have banded together to create an AI-powered crypto that can help its holders stay ahead of the curve and maximize their earnings.

The project's tagline is "Pepe. He's like you, but smarter. Also, he's an AI assistant that will help you navigate the Web3 space effortlessly."

To achieve this goal, MIND of Pepe has created an advanced AI agent that is able to crawl through vast amounts of data on social media platforms and identify emerging trends in real-time.

The self-evolving AI agent doesn’t just passively observe; it actively engages with influencers, platforms, and communities in an effort to shape the market narrative, and passes the insights it has gathered to MIND holders through token-gated groups.

Moreover, MIND holders will also have the opportunity to stake their tokens for a stratospheric 505% annual percentage yield (APY).

Currently, MIND tokens are priced at $