Cardano (ADA) Price Prediction August 2024, 2025-2030: Is the ADA Rally Running Out of Steam? Can it Still Break the $1 Barrier?

Cardano (ADA), per Coinfomania price data analytics, is presently trading at $0.331, with a forecasted 13.78% gain to $0.483 by August 27, 2024. Nevertheless, technical indicators are flashing red, indicating a ‘Sell’ signal. 

Source: Coinfomania 

Analyzing the past 30 days, ADA has experienced a modest 33% positive trading trend, with 10 out of 30 days closing in the green. The cryptocurrency exhibits moderate price volatility, with a 30-day fluctuation rate of -25.43%. Despite this, ADA has shown a positive 24-hour trend, rising 4.20% since yesterday. The current live market capitalization stands at $15,572,287,558.

Source: Coinfomania 

Despite the positive long-term outlook, there are concerns that the ADA rally may be running out of steam. The ADA market has witnessed back-to-back pieces of good news, from its listing on a U.S.-based retail investment platform, Robinhood, to the release of its first lending and borrowing protocol, Aada Finance. However, these uplifting updates have failed to attract adequate buyers, as ADA’s price trend in the last 24 hours has revealed.

Cross-referencing that, according to our technical analysis, Cardano Coin’s 200-day Simple Moving Average (SMA) is destined to rise over the next month, targeting a price of $0.483 by August 27, 2024. Meanwhile, the shorter-term 50-day SMA is expected to eye $0.38 by the same date. Additionally, the Relative Strength Index (RSI) currently reads 41.31, signaling a neutral market sentiment for Cardano, indicating neither overbought nor oversold conditions.

ADA/USD price chart. Source: TradingView 

Can ADA Still Break the $1 Barrier?

The question in investors’ and traders’ minds is whether ADA can still break the $1 barrier or perhaps not. Two key factors could determine whether Cardano breaks through the $1 mark. The first key factor is the increased regulatory risk Cardano is now facing. The second factor is the growth in users and transaction activity. 

Cardano’s success with decentralized finance (DeFi) was a key factor motivating its price to be higher in the first quarter of the year. However, Cardano seems to have lost its way. For Cardano to rally hard, this issue needs some sort of resolution.

Thus, while the ADA rally may be experiencing a slowdown, the potential for Cardano to break the $1 barrier still exists. It will depend on a combination of factors, including regulatory developments and the growth of its user base and transaction activity.

A Potential High is Around the Corner for ADA Price Come 2025-30

According to our price analysts, the price predictions for ADA portend a generally positive outlook for the years ahead. In 2025, ADA could rise to a bullish price of $0.681 or bottom to a bearish price of $0.35. The forecast for 2026 indicates an upswing of $0.974 and a down of $0.551. For 2027, the price might tease $1.44 on the upside and $0.753 on the downside. By the end of 2030, the ADA token price might cross $4.72.