Cardano (ADA) Price Prediction: Analyst Forecasts Potential $10 Target; Despite 25.85% Crash

Despite currently trading at $0.7428, some analysts are making massively bullish predictions for this major digital asset. This report provides a price prediction based on technical analysis.

Cardano (ADA) has undergone an extremely volatile week, resulting in a significant price crash of 25.85% in just seven days. The crypto asset has also experienced a further 8.52% decline in the last 24 hours.

Despite currently trading at $0.7428, some analysts are making massively bullish predictions for this major digital asset. This report provides a price prediction based on technical analysis.

ADA Price Plunge Explained: Trump Crypto Reserve News & Market Correction

Earlier this month, ADA had surged to $1.13. This price jump happened immediately following United States President Donald Trump’s announcement of a crypto reserve.

The proposed reserve includes XRP, ADA, Bitcoin (BTC), Ether (ETH), and Solana (SOL). However, when Trump then clarified that the reserve would not involve new purchases, but would only hold existing government-owned crypto assets, market sentiment shifted dramatically. Subsequently, this sentiment shift triggered a sharp sell-off in ADA and other altcoins.

Price Prediction: Analyst Dan Gambardello Forecasts Potential $10 Target

Prominent crypto analyst Dan Gambardello remains optimistic about ADA’s future.

He recently posted a technical chart indicating that Cardano’s “super trend” toward $10 remains intact. A closer look at the chart reveals a rounding bottom formation, a bullish reversal pattern often seen before significant upward moves.

The yellow dotted curve on Gambardello’s chart suggests an exponential growth trajectory. This chart pattern implies that if ADA can successfully maintain its current support levels and manage to break resistance around $1.50, a rally toward $10 remains a realistic possibility.

Price Analysis: RSI Suggests Neutral Conditions; Bollinger Bands Signal Potential Bounce

Examining key technical indicators, the daily Relative Strength Index (RSI) is currently positioned around 46.86. This RSI reading suggests neutral to slightly oversold market conditions.

Given ADA’s recent price dip, this RSI level suggests that there is still room for upward price movement should buying pressure increase.

The Bollinger Bands currently indicate high volatility. Moreover, the price is presently hovering near the lower Bollinger Band. This technical setup often signals a possible short-term price bounce may occur if ADA attracts sufficient buying interest.

The 20-day Exponential Moving Average (EMA), currently located at $0.80, is acting as a crucial immediate resistance level. Thus, a successful reclaim of this EMA level could set the stage for a price recovery toward $1.00.

Beyond this level, stronger resistance is expected around $1.13—the previous local high from early March.