Cardano’s (ADA) bullish momentum is losing steam as bearish pressure mounts, forcing the price to retreat from the critical $0.8119 level. After a promising attempt to push higher, ADA bulls are now struggling to maintain control, with sellers stepping in to reclaim dominance. The recent rejection of this key resistance suggests that downward pressure is building, raising concerns about whether the altcoin can hold its ground or slip further. With technical indicators hinting at growing weakness, the focus now is on the next support zones to determine if a deeper correction is on the horizon. Market Sentiment Shifts: Bulls Losing Their Grip Cardano’s market sentiment has shifted as bulls appear to be losing their grip on price action, with ADA continuing to trade below the 100-day Simple Moving Average (SMA). This key level has become a barrier that the bulls have yet to break through, indicating weakening buying pressure and increasing dominance from the bears. Related Reading: Cardano (ADA) In The Red: Struggles Persist Under $1.00 The failure to reclaim the 100-SMA suggests that the bullish momentum, which initially gained traction, is losing steam, and the market is starting to lean toward a bearish outlook. Further compounding the bearish outlook is the recent movement of the Relative Strength Index (RSI), which has started to drop again before reaching the 50% threshold. Typically, this reflects that buying pressure is fading, and selling momentum is building, adding more weight to the argument that the bulls are losing control. With the price struggling below the 100-SMA and the RSI reflecting weakening momentum, the outlook for ADA remains uncertain. Unless bulls can regain traction and break above the 100-SMA, the asset might face further declines, as bears continue to dominate the market. Key Support Zones In Focus As ADA Faces Bearish Pressure After ADA’s recent struggle at the $0.8119 resistance level, the focus is shifting to crucial support zones that will be vital in determining its next move. As bearish pressure mounts and the price remains under the 100-day SMA, ADA’s ability to hold key support levels is under scrutiny. Related Reading: Behind Cardano 15% Correction: Here’s How Much ADA Whales Sold The immediate support zone to watch is $0.6822, which has previously acted as a critical level for ADA. If the price tests and holds this zone, it could serve as a launching pad for another attempt at the upside. However, if ADA fails to hold $0.6822, attention will turn to the next major support at $0.5229, where a more significant bounce may occur once buying pressure resurfaces. Should these support levels be breached, ADA may face a more extended period of downward movement, with $0.55 emerging as the next line of defense. Featured image from iStock, chart from Tradingview.com
In the past day, Cardano (ADA) has seen a 14% retrace amid the crypto market’s pullback. The cryptocurrency recently saw its price lose the $1 mark, descending below $0.90 on Monday morning. Despite the drop, some market watchers shared a positive outlook for ADA, asserting that a rebound to $1.30 could be around the corner. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ Cardano Holds Key Higher Timeframe Support Cardano, alongside the rest of the market, ended the week with a Sunday bleeding, registering seven consecutive red candles yesterday afternoon. The market pullback continued Monday morning, with Bitcoin (BTC) losing the $100,000 support for the first time in over a week. As the market correction persisted, ADA’s price lost the $0.90 support, hovering between the $0.85-$0.89 range before recovering. Almost two weeks ago, Cardano bounced from the $0.90 support to reclaim the $1 resistance. During this jump, the cryptocurrency surged to its 2025 high but failed to break past the $1.18 resistance level, sending ADA into a downtrend. Since then, the altcoin has failed to turn the $1 resistance into support, hovering between $0.95-$1.02. The recent drop sent Cardano to a two-week low price and back to its end-of-year range of $0.83-$0.95. Nonetheless, the cryptocurrency’s price remains above crucial levels, as some market watchers noted. AMCrypto highlighted that after its 5% recovery from today’s low, ADA was back to its 2-day support level. To the analyst, there is “no need to panic” if Cardano holds the $0.80 support zone. This zone was 2024’s Q1 high, and it has served as a key higher timeframe level, fueling the altcoin’s rally once it has been turned into support in 2021 and late 2024. AMCrypto noted that “For alts to retest major support levels during a bull run is a good sign.” ADA To Reclaim $1 Soon? Other analysts shared similar predictions, suggesting that Cardano’s run would be determined by its next price move. Carl Runefelt stated that “despite the market correction, ADA is still holding on to this massive bullish pennant.” The analyst pointed out that ADA’s chart displays a 2-month bullish formation that targets $1.9 if it breaks out. However, he noted that the first target is the local top of $1.30. Runefelt explained that “if the support holds, we could see a bullish breakout at some point.” Meanwhile, ADA trader Sebastian considers that Cardano needs to close the day above $0.95. He stated it “would be amazing for ADA if this last daily candle turns green” and closes within the symmetrical triangle. Related Reading: Ready To Rocket? Dogecoin Chart Hints At Major Gains Ahead Previously, Sebastian noted that ADA’s “painful consolidation might soon be over,” as the cryptocurrency was “running out of space within this symmetrical triangle and might break out soon.” To the trader, If Cardano gets “back in the chart,” then the recent breakdown will “be busted and will likely result in a pump to the upside.” As of this writing, ADA is trading at $0.90, an 8% decline in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
After a quiet start to 2025, the price of Cardano had finally begun to build on its bullish momentum from the previous year. However, the altcoin has seemingly encountered a setback, with its value falling by nearly 15% in the past week. While this downturn could be attributed to the uncertainty and drama surrounding Donald Trump’s inauguration, it could also be linked to the movement of large investors over the past week. Here’s how the Cardano whales sold in the last seven days. Whales Sold $180 Million Worth Of ADA Tokens Last Week In a recent post on the X platform, prominent crypto pundit Ali Martinez shared the amount of Cardano tokens offloaded by whales in the past week. This is based on the change in the wallet holdings of those who own between 100 million and 1 billion coins. Related Reading: Bitcoin Shark Wallets Set New Record: Bullish Foreshadowing For 2025? It is worth mentioning that addresses holding tokens of such magnitude are called whales. These entities are deemed significant as other market participants often watch their movements. Due to their substantial holdings, crypto whales often wield significant influence over the market and prices. Historically, prices of assets tend to move in the direction of these large investors (prices rise during whale accumulation and dip during whale sell-offs.) According to Martinez, the Cardano whales trimmed their holdings in the past week, offloading more than 180 million ADA tokens in the process. This sell-off is equivalent to around $185 million at the current market price. While determining the exact rationale behind the latest whale movement is difficult, it is not unusual for whales to lock in profits, especially after a price surge. For context, the Cardano price jumped nearly 30% from $0.9 to as high as $1.15 between January 13 and January 17. Furthermore, large-scale sell-offs by whales could indicate a shift in investor sentiment, especially if they expect a future price decline. They might try to cash in early to minimize or avoid losses. Ultimately, whales shaving their holdings doesn’t often bode well for an asset (Cardano, in this case), as it increases supply in the open market. Increased supply without sufficient demand to absorb the selling could exert bearish pressure on ADA’s price. Cardano Price At A Glance As of this writing, the ADA token is valued at around $0.97, reflecting a decline of over 1% in the past 24 hours. According to data from CoinGecko, the altcoin is down by about 15% in the last seven days. Related Reading: Catching The Next Quick 5X: Why The Dogecoin Price Should Be On Your Radar Featured image from Unsplash, chart from TradingView
Positive price action in the past 24 hours has seen Cardano (ADA) rebounding upwards alongside the rest of the crypto market. The entire market is up by 4.3% in the past 24 hours, a trend that has seen the Cardano price also breaking above the $1 mark again. Interestingly, Cardano’s recent break above $1 comes just hours after it bounced on a support zone around $0.92-$0.95. Despite this break, technical analysis shows that there remains a risk of a Cardano price crash in the short term. Key Support Zone Interaction Near $0.92-$0.95 A technical analysis of Cardano’s 4-hour candlestick chart, shared by crypto analyst melikatrader94 on TradingView, highlights a compelling confluence as Cardano attempts to regain upward momentum. The analysis identifies a support zone near $0.92-$0.95, which coincides with an upward-sloping trendline that has served as support for many weeks. Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown Cardano’s towards the support trendline is a notable decline after its price reached a peak around $1.16 on January 17. Furthermore, this reversal comes after the cryptocurrency experienced another upswing that began when it rebounded from the same upward-sloping trendline near $0.89 on January 13. These repeated interactions with the trendline and the support zone show the volatility surrounding Cardano’s price over the past days and the ongoing battle between bullish and bearish market participants. Since the analysis, Cardano has rebounded again just before reaching the upward-sloping trendline and is now on an upward move. As noted by the analyst, this move might push Cardano’s price back toward its recent highs near $1.10. If this upward momentum is sustained, ADA may also continue upwards until it reaches a key resistance zone between $1.10 and $1.15. A successful breach of this level would further reinforce the bullish outlook and the continuation of a broader uptrend. Risk Of Breakdown Toward $0.85 Or Lower For Cardano For the bullish scenario to play out, ADA needs to hold firmly above the support zone and along the ascending trendline. This alignment suggests a continuation of the upward trend that Cardano has been following since late 2024. Secondly, Cardano bulls would need to break above the resistance level highlighted between $1.10 and $1.15 in order to flip the level into support on the long-term. Related Reading: Possible Deep Correction Could Push Cardano Price To $0.43, Here’s How However, the intense volatility witnessed in the past few days opens up the possibility of a failure to hold above these levels. With this, the analyst warned that a decisive breakdown below the $0.92 level and the ascending trendline would invalidate the bullish outlook. Such a move could pave the way for a deeper correction and cause the Cardano price to drop toward $0.85 or even lower. At the time of writing, Cardano is trading at $1.02 and is up by 2% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com
Cardano (ADA) has struggled to maintain the bullish momentum it experienced in recent weeks, with its price still trailing approximately 67% below its all-time high of $3.09, reached during the 2021 bull run. Despite this significant gap, analysts believe that the potential for a robust price recovery exists in the coming weeks and months ahead of the new year. Cardano Consolidates Above Key Moving Averages, Poised For Breakout Trend Rider, a prominent analyst on the social media platform X (formerly Twitter), provided insights on Cardano’s current price action, noting that the price dipped below the parabolic line, indicating a cooling-off period, which occurred just above the $1 mark last week. However, he emphasized that the Cardano price is consolidating above its moving averages, suggesting it is preparing for a potential breakout while “shaking out weaker hands.” Related Reading: World Liberty Financial Raises $1B: Trump-Backed Crypto Venture To Extend Token Sales Trend Rider further anticipates a resumption of bullish momentum soon, forecasting that once the Cardano price breaks through the $1.25 resistance level, it could rapidly surge toward the $3 mark, inching closer to its previous record peak. Adding to the optimistic outlook, analyst Ali Martinez pointed out that after experiencing a 44% correction, Cardano began its second leg up during the week of February 1, 2021. Given that ADA has already undergone a 43% correction recently, the analyst suggests that the next upward movement for ADA could be just two to three weeks away, with a target of $6 in sight. Analysts Identify Key Support And Price Targets Another analyst, AV Sebastian, also weighed in, suggesting that the price recent dip may be over, and that the Cardano price is poised to break out of a triangular pattern. He highlighted the last two candles as particularly bullish and expects a significant rally in the coming days. In analyzing short-term price actions, several analysts noted that ADA is exhibiting a “very bullish market structure” on the daily timeframe. On the chart is observed a double bottom formation leading to a breakout and a V-shaped recovery along a descending channel. Related Reading: Big Players Bet Big On XRP, Solana With Excitement Around Donald Trump’s Presidency, Here Are The Figures It is further believed that a retest of the key support zone at $1.3886 appears inevitable for ADA’s price in the near-term, which would then lead to price uptrend with a main target of $1.7748. Further support zones have also been identified, with the $0.824 level being crucial to watch early in 2025. Holding this support could unlock significant upside potential, and analysts are eyeing May 2025 as a key timeframe for achieving targets. At the time of writing, ADA was trading at $1.14, up 1.13% for the 24-hour period. Featured image from DALL-E, chart from TradingView.com
The Cardano price is targeting a bullish breakout to $6 after experiencing a bounce from its initial 43% downturn. While other cryptocurrencies like XRP and Bitcoin (BTC) recorded massive gains in this bull market, Cardano (ADA) maintained a relatively muted price last year, experiencing significant volatility. Despite this, analysts remain bullish on ADA, emphasizing its potential for a substantial price recovery and a surge to new ATHs. Cardano Price Targets $6 ATH Ali Martinez, a prominent crypto analyst on X (formerly Twitter), shared a bullish price prediction for Cardano, forecasting a massive surge to $6. The analyst compared the similarities in ADA’s current price movement to historical patterns. He shared two parallel price charts of Cardano depicting its price action from 2018 to 2021 and 2022 to 2025. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 In the left chart, ADA traded within a sideways accumulation zone, highlighted by the rectangular box, before experiencing a breakout above $0.14. Following the breakout, Cardano’s price corrected by about 43.6%, a massive decline that pushed its value below the $0.1 mark. As is often seen among cryptocurrencies, Cardano’s significant price crash established a solid foundation for a notable rally. After its substantial decline, the cryptocurrency initiated a significant price rally, reaching a peak of approximately $3.08. This remarkable price surge represented a gain of over 4,095%. In the right chart, Martinez identifies a similar sideways accumulation pattern between 2022 and 2023 of this year’s bullish cycle. Following this, Cardano broke out to reach a new price high of $0.8. After this, the altcoin underwent a 42.65%, mirroring the crash in 2021. Based on the historical fractal, Martinez predicts that Cardano could soon initiate its second leg up, potentially mimicking its impressive price rally in 2021 within the next two to three weeks. As a result, the analyst has set a bullish target for Cardano at above $6, marking a significant gain of 2,220.68%. While historical patterns do not accurately predict future price movements, they can provide insights into market trends, conditions, and other factors. Martinez’s bullish prediction for the Cardano price relies on the assumption that it can repeat similar market behavior and conditions during its 2021 bull rally. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue Update On ADA Price Analysis As mentioned earlier, the Cardano price declined severely last year despite bullish sentiment spreading to other altcoins in the market. In the last few weeks, ADA seemed to be recovering from bearish trends, as CoinMarketCap’s data showed a price increase of 16% over the past week. Cardano also experienced notable price gains in the last month, rising by over 10%. Although its price has reclaimed its $1 mark, ADA’s momentum seems to be fading, as the cryptocurrency has pulled back, recording a decline of 4% over the last 24 hours. Featured image created with Dall.E, chart from Tradingview.com
The Cardano price currently finds itself in a risky position, and technical analysis highlights the possibility of a significant price correction. The analysis, conducted on the 4-hour candlestick chart and shared on TradingView, points to a potential 15% decline for the Cardano price in light of a recent break below the Exponential Moving Averages (EMAs). Cardano Price […]
In a recent series of exchanges on X, Input Output Global (IOG) CEO and Cardano founder Charles Hoskinson addressed allegations surrounding the Cardano Foundation’s (CF) approach to stablecoin integrations, while also signaling fresh possibilities with Ripple’s RLUSD. The conversation drew attention to unresolved tensions between Hoskinson, the CF, and various members of the community, as […]
In his latest livestream titled “Cargo Cults and the Reality of Crypto,” Cardano founder Charles Hoskinson delivered an extensive monologue on what he perceives as the current state of digital assets, community behavior, and ongoing legal battles in the sector. The discussion delved into industry history, the fate of long-forgotten projects, and the sometimes-troubling culture […]
In a newly released video titled “The next steps for Hydra,” Cardano founder Charles Hoskinson outlined the trajectory of the Hydra scaling solution and provided insights into how independent companies will soon spearhead fresh developments in the ecosystem. The announcement comes shortly before the Hydra Doom initiative’s official conclusion, which will be marked by a […]
In a notable show of strength amid an otherwise subdued market, Cardano (ADA) has climbed above the psychologically significant $1 mark today, January 3. Over the past 24 hours, ADA has surged by more than 11%, outpacing the mostly flat performances of other top cryptocurrencies, including Bitcoin. Within the top 100 assets by market capitalization, only Murad-memecoin SPX6900 (SPX) has registered a higher 24-hour gain, rising 30%. Over the last seven days, ADA is up approximately 20%. Although the jump appears to have come without any immediate catalyst, Cardano’s roadmap is poised for several notable protocol enhancements in the coming months. Among them are a Bitcoin-centric decentralized financial ecosystem and ongoing initiatives aimed at improving Cardano’s scalability, decentralization, and interoperability with other networks. Related Reading: Cardano Holds Crucial Support At $0.77 – Massive Rally Ahead? These fundamentals suggest that the current price action may be underpinned by broader optimism about the network’s evolution, although technical factors seem to be the primary driver. “ADA pushing through resistance like its butter. This momentum is truly explosive. Pay attention to key resistance levels, this one wants to go higher,” crypto analyst Satoshi Stacker (@StackerSatoshi) stated via X. Cardano Price Analysis On January 1, ADA/USDT decisively broke out of a multi-week downward trendline that originated at the December 2 high near $1.32. This trendline had been tested repeatedly until late December, before finally succumbing to strong bullish momentum. Following the initial breakout, ADA briefly retreated to around $0.87, only to bounce back in a textbook retest that validated the trendline breach. Supporting the bullish narrative, Fibonacci retracement levels anchored at the December 2 high ($1.32) and December 20 low ($0.76) reveal a constructive technical backdrop. The 0.236 Fib at $0.89 served as a launching pad once the trendline break was confirmed, while the 0.382 Fib ($0.97) initially rejected prices on January 2, before later giving way to further upside. Related Reading: On-Chain Metrics Reveal Cardano Whales Are ‘Buying The Dip’ – Details Subsequently, ADA surpassed the 0.50 Fib ($1.04), and this level may now act as immediate support on any minor pullbacks. The 0.618 Fib ($1.11) is the next key hurdle if bullish momentum persists, with the 0.786 Fib ($1.20) and the 1.0 Fib ($1.3282) potentially coming into play if the rally extends into the near-to-mid term. From a moving averages perspective, ADA has climbed above its 20, 50, 100, and 200 exponential moving averages on the four-hour chart. Notably, the 20 and 50 EMAs have crossed above their 100 and 200 counterparts, which indicates momentum has shifted in favor of the bulls. The volume picture further supports the breakout scenario, with 24-hour trading volume up 14.94% to $1.67 billion. A look at the Relative Strength Index (RSI) on the four-hour timeframe shows a reading of around 80, placing ADA firmly in overbought territory. This demonstrates solid buying pressure but also suggests a possibility of a short-term pullback should traders opt to take profits. Featured image from Shutterstock, chart from TradingView.com
In a wide-ranging two-hour livestream on December 26, Cardano founder Charles Hoskinson addressed ongoing discussions around partnering with Ripple, advancing a Chainlink integration, and bridging Bitcoin into the Cardano ecosystem. Speaking from Gillette, Wyoming, Hoskinson provided new details and timelines for these initiatives, emphasizing security requirements and technical collaboration across multiple blockchains. Update On The […]
The Cardano price action has continued to stall below the $1 mark in light of corrections in the past seven days. This correction, which played out across the entire crypto industry, saw Cardano break below the $1 mark again on December 18%. Although the broader trend suggests a possible move on the weekly timeframe towards a new all-time high (ATH), recent technical analysis on TradingView has opened up the possibility for a continued correction towards $0.43 before another strong upward move. Current Price Movements Highlight Resistance And Cooling Period According to technical analysis of the Cardano (ADA) price action on the weekly candlestick timeframe, the cryptocurrency has encountered notable resistance around the $1.2046 mark. This resistance has emerged after Cardano’s remarkable 205% surge from $0.4322 in late October to $1.32 in late November. Related Reading: XRP Price Prediction: Wave 2 And 5 Targets Put XRP At $7 And $13 Interestingly, this remarkable price surge saw Cardano form significant lows that serve as support levels for the price. Furthermore, the rally ended up with Cardano entering the overbought zone on the Relative Strength Index (RSI) indicator. The rally culminated in the Cardano price peaking at 82.87 on the RSI, but it has since retraced into a cooling/corrective period where buying pressure is consolidating at the time of writing. Cardano’s consolidation has opened up outlooks as to its next direction, with substantial buying volumes observed in recent trading sessions. Deep Correction Could Test Critical Support At $0.43 While the long-term outlook remains bullish, the analysis highlights the scenario of a deep correction that could send the Cardano price falling further in the short term. With this in mind, the analyst points to support levels that ADA may revisit in the event of a deeper correction. The first key level at $0.7683 has already proven its significance, acting as a reactionary zone in recent price movements. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 Below this, $0.4322 stands as the ultimate support for the current bullish leg. What this means is that ADA has to hold above the $0.43 support level in order for a bullish trajectory to remain valid. Failure to hold above $0.43 is likely to cascade into more price declines at this point and a change into bearish outlook. The analyst also identifies $0.3166 and $0.2427 as primary supports. These levels are Cardano’s lowest support during the previous bear market and are considered less likely to be breached in case of a longer-term decline. Despite the potential for a deep correction, Cardano’s recent market behavior and buying trends suggest a promising long-term outlook. At the time of writing, ADA is trading at $0.912 and has increased by 2% in the past 24 hours. Once the current resistance at $1.2046 is cleared, ADA is well-positioned to challenge its $3.09 all-time high and possibly establish new highs in the current cycle. Featured image created with Dall.E, chart from Tradingview.com
In a livestream on December 21, titled “Partnerships,” Cardano founder Charles Hoskinson addressed lingering questions about the relationship between Input Output (IO) and the Cardano Foundation (CF), while also offering broader insights into the ecosystem’s path forward. During the nearly 40-minute session, Hoskinson responded to a public remark by a longtime community member, Rick McCracken, […]
In a livestream broadcast on December 19, 2024, Cardano founder Charles Hoskinson delivered new remarks on the conflict with the Cardano Foundation, structural complications, and strategic priorities moving into 2025. “It’s About Governance” Hoskinson began by acknowledging the shift from “governance on paper” to “governance reality” throughout 2024, referencing a series of “deep and significant […]
The conflict between Cardano founder and IOG boss Charles Hoskinson and the Cardano Foundation continues to escalate publicly. The conflict first came public last week when a whistleblower accused the Cardano Foundation of mismanagement led by self-interest. Hoskinson raised several accusations, the biggest one included the last-minute intervention in the now-accepted Cardano constitution. Hoskinson confirmed […]
The Cardano price has recently rejected around the $1.1 price level. Notably, the past three months have been highlighted by a remarkable Cardano surge that saw it break above $1 for the first time since early 2022 and peak at $1.3 on December 3, 2024. Although Cardano has managed to hold above the $1 mark since then, price action in the past 24 hours has been highlighted by a 3.77% decline alongside the rest of the crypto market. However, on-chain data shows that the decline has given crypto whales another opportunity to double down on their holdings. Surge In Whale Transactions Reflects Continued Confidence In Cardano A surge in whale activity on the Cardano network has brought forward another spirit of accumulation among the holder cohort, with prominent crypto analyst Ali Martinez highlighting the development on the social media platform X. Martinez noted that 687 transactions with a value of at least $1 million were recorded within the past 24 hours, pointing to increasing interest from large investors. Related Reading: Bitcoin Price Moves Similarly To The Elliot Wave Count From 2017, Why Price Can Jump Another 80% According to data from the on-chain analytics platform Santiment, this increase in activity is particularly notable, as the whale activity had been declining since the beginning of December. Particularly, Cardano whale activity declined from about 894 transactions on December 2, just before it reached its current 2024 peak of $1.3, to around 240 transactions between December 8 and December 12. Whale activity is one of the biggest indicators of a network’s performance and its price outlook. Although the whale activity could also point to whales exiting their positions, current market sentiment points to accumulation instead. Furthermore, the increase in whale activity is an indication of continued confidence in the cryptocurrency’s price outlook. The Path To $2: What Lies Ahead For Cardano? As it stands, the recent rejection at $1.11 has seen the Cardano price decline to retest the support at $1. At the time of writing, Cardano (ADA) is trading at $1.03, although there remains a risk of a further move to the downside. Related Reading: Ethereum Price Crash Incoming? Tron’s Justin Sun Unstakes $209 Million ETH From Lido Finance However, the surge in whale transactions is one bullish signal that could send the cryptocurrency on a bounce upwards due to its counterweight action against selling pressure. The next target remains a final break above the $2 threshold, which might still be achievable before the end of the year. Reaching the $2 price target, which is about 94% from its current price level, would require a general bullish sentiment in the wider crypto market. Interestingly, crypto analysts at Changelly have presented a more cautious outlook with a year-end ADA price of $1.15. Nonetheless, Cardano has more than tripled in its value in the past six weeks and it could resume this momentum anytime soon towards $2 if the bulls can continue to hold above the $1 mark. Featured image created with Dall.E, chart from Tradingview.com
In his latest livestream , Charles Hoskinson, founder of Cardano (ADA) and CEO of Input Output Global (IOG), laid out a vision for the blockchain network’s governance, institutional structures, and strategic milestones leading into 2025. Over the course of a lengthy and candid address, Hoskinson wove together Cardano’s past governance efforts, current institutional frictions, and […]
The Cardano ecosystem has been rocked by a series of whistleblower allegations that paint a picture of internal discord, strategic manipulation, and eroding trust at the very heart of its foundational organizations. An anonymous email, shared by prominent community member “Big Pey” (@bigpeyYT) on X, claims to expose the inner workings of the Cardano Foundation […]
In a series of statements on X, Charles Hoskinson, the founder of Cardano and CEO of Input Output Global (IOG), outlined his plans to integrate Bitcoin into a decentralized finance (DeFi) ecosystem by 2025. The plan involves leveraging Bitcoin’s liquidity and making the project a layer-2 like network. Timeline For Bitcoin DeFi On Cardano Hoskinson […]
Cardano has processed over 134,000 transactions per second (tps), marking a significant milestone in the platform’s development. Charles Hoskinson, CEO of Input Output Global (IOG), shared his enthusiasm on X, stating, “Not bad Cardano. #HailHydra,” alongside a screenshot displaying 134,464 tps. Not bad Cardano. #HailHydra pic.twitter.com/eizTRjc9Ii — Charles Hoskinson (@IOHK_Charles) December 3, 2024 When a […]
Cardano could be the next to surge after XRP, as the ADA price shows signs of an imminent market recovery. A crypto analyst has projected that the ADA price could experience an epic breakout to $4.88 this bull cycle. The analyst has grounded his bullish prediction on the Cardano price action, providing insights into its potential future movements based on technical analysis and current market conditions. ADA Price Set Sights On $4.88 Alan Santana, a prominent TradingView analyst, has released a report declaring that additional price growth for Cardano is possible in this bull cycle. Sharing a detailed price chart of Cardano’s movements from 2021 to the present and its future price trajectory, the analyst projected a significant rise to $4.88 by 2026. Related Reading: Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025 Alan Santana revealed that the ADA price has been in a long consolidation phase for 915 days since May 2022. Surprisingly, the popular altcoin had broken out of this range earlier this month, producing the highest bullish volume ever seen. Cardano’s current market position indicates that it is steadily emerging from a market bottom, a development that often precedes a sustained upward trend. Alan Santana has underscored that Cardano’s recent trend shift is only the beginning, as the cryptocurrency has more room for growth in this bull cycle. Furthermore, the analyst revealed that the primary focus of his technical chart analysis is not to predict a new all-time high or determine how far up Cardano will reach by 2025. Instead, the analysis aims to highlight Cardano’s short-term price action based on a long-term chart. Looking at his price chart, Alan Santana has pinpointed the 0.8875 Fibonacci level as the main support level for Cardano. This support was initially a resistance level ADA had conquered during last month’s bullish breakout. The analyst underscored that the breakout signified the highest level the ADA price had reached since May 2022. Alan Santana has predicted that if Cardano can break above the main support at 0.8875, the market sentiment will remain “super bullish,” and additional price growth should be expected. On the other hand, if Cardano fails to break the 0.8875 level, it could drop to a secondary support level at 0.6330. If Cardano faces a retracement to 0.6330, the TradingView analyst has emphasized that the cryptocurrency’s overall market structure will still remain strong. These solid fundamentals have prompted the analyst to forecast a major rally to $2 for ADA, if it can maintain a price above the 1.30 Fibonacci level. Related Reading: Bitcoin Price At $245,000? Here’s When You Should Be Expecting It Will Cardano Mirror XRP Price Surge? Cardano is currently exhibiting potential that mirrors XRP, as the optimism surrounding the ongoing bull market could ignite a price surge for the ADA price. Since the beginning of the year, Cardano’s price has been stuck in a consolidated and declining state. This underperformance led to growing concerns among crypto members, with many labeling ADA a dead coin. However, with new signs of a potential price rally, Cardano could achieve XRP-like gains if market sentiment shifts in its favor. As of this writing, the price of XRP has been trading at $2.6 after surging by more than 428% in the past month. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst CoreCrypto has predicted that the Cardano price could enjoy a massive breakout soon enough. The analyst highlighted a bull flag-like structure that could cause Cardano to enjoy another 50% price surge. Cardano Price Breakout On The Horizon In a TradingView post, CoreCrypto stated that the Cardano price is showing strong bullish momentum and is breaking out from a bull flag-like structure, with a successful retest confirming this move. The analyst added that the support is holding firm, signaling a potential rally ahead. In line with this, he stated that now is the time to long ADA and accumulate more within this range. Related Reading: Analyst Maps Out Dogecoin Price Arc To $3 Using A Logarithmic Scale For those looking to trade ADA, the analyst stated that the entry range is at the current market price and that they could add up to $0.98. Meanwhile, he set four targets for this long trade. The first target is $1.08, the second is $1.24, the third is $1.36, and the fourth is $1.49, meaning the Cardano price could enjoy up to a 50% surge from its current level. Meanwhile, the analyst told traders to put their stop loss at $0.92. As to why this analysis matters, CoreCrypto stated that this setup points to a decisive bullish breakout for the Cardano price. With the confirmed retest and strong support levels, the analyst said it looks like an excellent opportunity for traders. The Cardano price undoubtedly boasts a bullish outlook, especially since whales are actively accumulating ADA. This indicates that these investors are bullish on the crypto and expect future price increases. NewsBTC recently reported that whales bought over 130 million coins as demand for the crypto continues to skyrocket. IntoTheBlock data also shows that ADA’s large transactions have surged by over 5%, which paints a bullish picture for the Cardano price. Meanwhile, the ‘Net Network Growth’ metric is also bullish at the moment, meaning that investors are actively using the Cardano network. ADA Could Rally Up To $10 In This Bull Run Crypto analyst Dan Gambardello has predicted that the Cardano price could rally up to $10 in this bull run. His prediction came as he discussed Cardano crossing the $1 milestone. He stated that now that ADA has crossed this price mark, it is great to see a consolidation and redistribution among holders. Related Reading: Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000 Once this consolidation and redistribution phase is over, Gambardello believes that the Cardano price can focus on its rally to $5 and then $10. In an X post, crypto analyst Sebastian said Cardano looks promising. He predicts that a price breakout could happen soon, followed by a restest and then “moon.” At the time of writing, the Cardano price is trading at around $1.06, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Charles Hoskinson, the founder of Cardano and a co-founder of Ethereum, has forecasted that Bitcoin could reach a price between $250,000 and $500,000 within the next 12 to 24 months. Speaking during a livestream on November 26, 2024, Hoskinson attributed this potential surge to governments talking about a strategic Bitcoin reserve and the integration of […]
Charles Hoskinson, the founder of Cardano, has publicly criticized the Wyoming Stable Token Commission’s recent blockchain network selections for the state’s upcoming stablecoin, the Wyoming Stable Token (WST). In a livestream titled “XRP and Wyoming” broadcasted on November 25, 2024, Hoskinson questioned the commission’s opaque selection process and raised concerns about potential conflicts of interest. […]
In a livestream on November 25, Charles Hoskinson, the founder of Cardano and CEO of Input Output Global (IOG), voiced serious concerns over the Wyoming stablecoin project, highlighting what he perceives as procedural misconduct and unfair exclusion of the Cardano blockchain. Cardano Founder Speaks Out Hoskinson began by recounting the initial optimism surrounding the Wyoming […]
President-elect Donald Trump’s transition team is reportedly considering the creation of a dedicated White House position to oversee crypto policy, and Cardano founder Charles Hoskinson has presented whom he thinks is the perfect pick for this role. According to sources familiar with the discussions, candidates are being vetted for what would be the first crypto-specific […]
The Cardano blockchain has witnessed a surge in trading activity over the past few weeks, with price data relaying this trend. Cardano’s price increase in the past 30 days has been more than impressive, with its price doubling within this period. At the time of writing, the ADA is now trading at its highest point so far in 2024 after breaking above the March high of $0.77. Delving deeper into the forces behind this rally, on-chain metrics suggest that the surge is being driven by strong buying momentum, particularly from large ADA holders. Data from the blockchain analytics platform IntoTheBlock highlights a noteworthy spike in large transaction volume, which today reached $22.56 billion. This figure marks a 297% spike in large transaction volume in the past two weeks. Spike In Cardano Large Holder Volume The surge in Cardano’s large holder activity is highlighted by the ‘Large Transactions Volume in USD’ metric provided by blockchain analytics platform IntoTheBlock. This metric captures the total value of on-chain transactions exceeding $100,000 within a 24-hour period, offering insights into the behavior of high-net-worth investors and institutional participants. Related Reading: Here’s Why The Bitcoin Price Could Surge To $138,000 Before Recording A 30% Crash Interstingly, the Large Transactions Volume in USD metric recently reached $28.43 billion on November 16, which is its highest so far till date. Such a figure underscores the significant interest and heightened activity on the Cardano blockchain, particularly among large-scale holders who are likely driving much of the network’s momentum. This elevated level of activity has shown no signs of stopping, with the most recent data reporting $22.56 billion in large transactions over the past 24 hours. To provide perspective, Cardano began November with daily large transaction volumes hovering just below $6 billion before experiencing a notable uptick starting November 6. What’s Next For ADA Price? At the time of writing, the ADA price is trading at $0.80, up by about 6.5% in the past 24 hours. This price point marks the highest ADA price since May 2022. Not just large holders; retail holders are also in on the trend. The ADA trading volume has surged by about 29% in the past 24 hours, coming in at $2.31 billion. Related Reading: Bitcoin Price Forms Bullish Symmetrical Triangle, Crypto Analyst Says Next Stop Is $100,000 As it stands, Cardano is currently outperforming every other large market cap crypto in the past 24 hours. On-chain data and key market indicators suggest that this bullish momentum is likely to persist, with the next significant price target being a breakthrough above the psychological $1 mark. Beyond the large transaction metric, other metrics such as the net network growth and positive momentum in the futures market suggest a very optimistic outlook. Featured image created with Dall.E, chart from Tradingview.com
Cardano founder Charles Hoskinson has revealed that efforts to establish a comprehensive regulatory framework for cryptocurrencies in the United States are gaining significant momentum. In a “Surprise AMA” session on November 17, Hoskinson detailed his recent engagements with US senators and key figures in the crypto industry, outlining a multifaceted strategy to position the US […]
Charles Hoskinson, the founder of Cardano, has revealed new insights into his potential involvement in shaping United States crypto policy during the ongoing transition period under President-elect Donald Trump. In a livestream on Sunday night on YouTube, Hoskinson outlined his vision and possible contributions to future crypto legislations. Will The Cardano Founder Serve Under Trump? […]