Cardano (ADA) Price Prediction: Will ADA Break Out From This Trading Range and Rise to New Highs?

The price of Cardano (ADA) is back on the radar of crypto market participants following technical dynamics and external factors that have influenced its movement.

The price of Cardano (ADA) has come back into the radar of crypto market participants following technical dynamics and external factors that have influenced the token’s movement.

Despite a daily decline of 1%, ADA has shown growth of around 7% in the past month. This development showcases the token’s resilience in an largely flat market condition ahead of April 2025.

Short-Term Moves and Crucial Technical Levels

In the near term, technical analysts are observing ADA’s price action as it approaches important resistance and support points.

Crypto analyst Sssebi onetti mentioned that if ADA manages to stay above the $0.75 level for a few four-hour cycles, then there is potential for a push towards $0.80 (IDR 13,290). He highlighted that the volume supports the trend at these levels.

Meanwhile, other analysts such as Ali Martinez identified the $0.69 (IDR11,458) and $0.77 (IDR12,793) ranges as the lower and upper boundaries that will decide the direction of the next move.

According to him, the future price action of ADA will hinge on whether the token manages to pierce through the upper limit or instead drops below the critical level. Traders are advised to keep an close on these levels as they could trigger further volatility.

Also Read: Will Bitcoin (BTC) Hit $90,000? Here’s the Analysis!

Influence of External Factors and Market Sentiment

In addition to technical indicators, market sentiment is also being influenced by external factors.

One of the latest highlights was Donald Trump’s decision to include ADA in his strategic reserve portfolio of crypto assets. This move is expected to increase the credibility of ADA in the eyes of investors, ultimately adding optimism to its long-term prospects.

Furthermore, Cardano’s involvement in discussions about crypto-based investment products such as ETFs has also been boosting investor's expectations.

With the SEC currently considering a number of ETF applications, ADA’s participation in these conversations could provide a significant value increment, especially in the event of an official approval that would ease institutional access to these assets.

Projected ADA Price in April 2025

Although Cardano has shown resilience in recent weeks, price projections from CoinCodex estimate a possible decline of around 3.27% by the end of April 2025.

As such, the price of ADA is expected to drop to about $0.716 (€11,894). This projection is based on an analysis of the current trend and a number of technical indicators showing bearish signals.

The current price volatility level stands at 11.67%, while the Fear & Greed index is at 47, indicating that market sentiment is still neutral. This scenario encourages market participants to be vigilant of movements approaching support or resistance boundaries.

As is common in the crypto market, the direction of short-term trends can change rapidly, depending on global market dynamics and regulatory policies.

Conclusion

Cardano (ADA) remains one of the main crypto assets that investors are following, both from a technical and fundamental standpoint. Its involvement in ETFs and positive sentiments from public figures like Donald Trump add to its strengths in the market.

However, the near-term outlook is still filled with uncertainty due to technical pressure and market volatility. Therefore, monitoring these important price levels is crucial for crypto traders and investors this April.

Also Read: Ethereum (ETH) Prepares for Next Big Move, Will it Rise in April 2025?

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