- Cardano (ADA) shows modest gains, trading at $0.5604 with a 2.08% increase.
- Technical indicators suggest a possible bullish reversal if current support levels hold.
- Analysts remain cautiously optimistic about ADA’s year-end targets exceeding $1.00.
Cardano (ADA) is currently trading at $0.5604, which represents a 2.08% increase in the last 24 hours. The trading volume of the cryptocurrency has decreased by 11.99% in the same period of time, resulting in $422.26 million, which indicates a short delay in traders’ activities.
In the last seven days, ADA has demonstrated a slight decline movement of 2.67%, with a $0.5605 average price recorded. ADA is gaining attention from those who trade in the market, as it is around the important technical areas.
The small increase indicates that there may be some hope, although traders may be waiting for a clearer signal from the market to make a move, which could be why volume is lower than usual.
Cardano ADA approaches key support in falling wedge
Crypto analyst Bit Amberly points out that Cardano (ADA) is now near the bottom of a falling wedge pattern on the daily chart, a setup that often leads to a price increase. Amberly believes that if ADA holds this support level and moves up, it could start a new upward trend.
Also Read | Cardano ADA Breaks Bullish Flag: Could $1.40 Be the Next Target?
If momentum builds, the price could gradually rise toward $0.60, then $0.75, $0.84, and possibly reach $1.00. Many traders see this wedge pattern as an early sign that the downtrend might be ending, especially if trading volume increases and the overall market turns positive.
Cardano price prediction 2025
According to DigitalCoinPrice, ADA could see strong growth and might even break its old record high of $3.10. They expect the price to move between $1.09 and $1.23 by the end of the year, though there may be ups and downs, possibly dropping below $0.84 early on before bouncing back to around $1.16.
In contrast, the point of view of Changelly is more protective. Its analysis determines the minimum value of ADA to be $0.617 and the maximum to be $0.666 for 2025, with an average price of about $0.715. The projected return on investment (ROI) is calculated at 19.6%, while the figures for June 2025 represent slight changes and estimate the price at about $0.560.
Although ADA forecasts differ, the market is uncertain. Macroeconomic trends, network upgrades, and regulation are shaping ADA’s performance. But! With strong community support and continuous development on the Cardano network, Cardano (ADA) is one of the most popular cryptos to watch in the coming quarters.