Cardano Price Skyrockets 16%, Fueling $10 Price Predictions for 2025
Highlights:
- Cardano surged 16% to $1.28, with trading volume up 53%, gaining 200% post-election.
- Whale activity boosted ADA’s market cap to $45 billion, securing a top-ten position.
- Analysts see ADA hitting $10 by 2025 with network upgrades and favourable conditions.
The Cardano price has surged 16% in the last 24 hours to trade at $1.28 as of 5:30 a.m. EST on a 53% pump in trading volume to $6.2 billion. The market capitalization stands at $45 billion.
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The price of Cardano has surged more than 200% since Donald Trump’s win in the 2024 presidential election, and for the first time in years, it has broken the $1 barrier. Presently, ADA ranks among the top ten cryptocurrencies, with a market capitalization of $35 billion.
Whale investors have driven the recent surge in ADA, leading some analysts, such as Dan Gambardello, to predict that ADA could reach $10 in 2025. For this to happen, Cardano would need to improve in scalability, smart contracts, and adoption and also take advantage of good Bitcoin momentum and favourable regulation. Market corrections and delays in development remain key challenges, but Cardano’s focus on DeFi could make it one of the leading platforms to drive long-term growth.
ADA Statistics
- ADA price: $1.28
- Market Capitalization: $45 billion
- Trading volume: $6.2 billion
- Circulating supply: 45 billion
- Total supply: 45 billion
Cardano Price Poised for Potential Rally Within Bullish Channel
The ADA/USD 4-hour timeframe indicates a strong bullish trend within an ascending channel. The price first consolidated below $0.80, showing a no-trading zone indicating accumulation by market participants. This consolidation provided ground for the breakout, which was followed by gradual buying pressure.
A major moving average cross occurred when the 50-period SMA, the blue line, crossed above the 200-period SMA, the green line. This formed a golden cross and indicated the beginning of a strong bullish trend. Moving averages, in this case, are now serving as active levels of support, giving stability to the price action.
The price trended in an ascending channel marked by higher and lower highs. It is currently trading at 1.2865, near the upper boundary of the channel. A break above that resistance could open the way for further upside, while a rejection could pull it back down toward the lower boundary or key supports.
The price started tracing a parabolic curve, indicating the acceleration of bullish momentum, which has since then carried it close to the upper region of the channel.
Cardano Price Shows Strong Bullish Momentum, Faces Key Resistance
The price rebounded strongly after testing support near $1.05, confirming this level as a key buyer zone. The RSI currently reads at 73.72, indicating an overbought market. This could mean a short-term correction or consolidation before the next leg upward.
Similarly, the MACD is still in a bullish bias as the MACD line is above the signal line, but the histogram shows signs of tapering, which could indicate a slowdown in momentum. The next major resistance level is at $1.4695, and breaking above it could signal continued bullish momentum.
On the downside, the key support levels to watch are $1.05, where the 50-period SMA aligns, and $0.71, near the 200-period SMA. Despite signs of potential short-term overextension, the broader trend remains bullish, supported by the channel structure, parabolic momentum, and moving averages.
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Charles Kibue
Charles Kibue is a cryptocurrency researcher and writer with published works on Crypto2Community and a range of other sites. He has also worked as a technical writer, researching NFTs and crypto projects. Charles is an English Literature graduate residing in Kenya. He possesses additional expertise in market analysis and offers accurate and reliable insights, staying up-to-date with the latest developments in the crypto industry. Beyond his professional pursuits, Charles enjoys hiking and horse riding in his leisure time.
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