Cardano Reached 52-Week High; Will it Continue to Rise in 2024?

• ADA gained almost 40% over the past seven days, highlighting bullishness over the chart.
• The ADA price is surfing above all the major EMAs.

Current Price – $0.6370(-4.55%)	Sentiment – Bullish
Max Supply – 45.00 Billion	Fear & Greed Index – 72 (Greed)
Volatility – 18.07% (Very High)	Green Days – 19/30 (63%)
RSI – 75 (Sell)	200–Day EMA – $0.3413(Buy)
Trading Volume (24h) – $1.8 Billion	All-time high – $3.10

Based on recent data, Cardano holds a market capitalization of $22.7 Billion, while the circulating supply is 35.3 Billion ADA.

What is Cardano (ADA)?

Cardano is a blockchain platform built on a proof-of-stake consensus mechanism that validates transactions without high energy costs. The Cardano blockchain network is designed to be a next-generation evolution of the Ethereum idea that is flexible, sustainable, and scalable.

The blockchain platform has two different layers: the Cardano Settlement Layer (CSL) and the Cardano Computing Layer (CCL). The CSL holds the ledger of accounts and balances while the CCL layer is where all the computations for apps running on the blockchain are executed.

Ethereum co-founder Charles Hoskinson launched Cardano in 2017. Cardano is the world’s 8th biggest cryptocurrency by market cap as of 2023. ADA is the native token of the Cardano blockchain which is used as a governance token.

Cardano ADA  Price Prediction for 2024, 2025, 2026, 2027, 2028, 2029, and 2030

Year	Year Low	Year High
2024	$0.607581	$3.40
2025	$0.799460	$2.73
2026	$0.572984	$0.917629
2027	$0.571941	$0.953759
2028	$0.837092	$7.61
2029	$1.294879	$5.81
2030	$0.754551	$1.576809

All the prediction data is based on the price performance algorithm of Cardano.

ADA Price Prediction 2025

Based on our ADA price analysis, the price of Cardano could increase by 326.29% and reach $2.73 on the higher end and $0.799460 on the lower end, in 2025. These predictions can change as per ADA’s future price action.

ADA Price Prediction 2030

As per the price algorithm and previous price data, the ADA price could gain 146.41% and reach up to $1.576809 on the higher end and $0.754551 on the lower end, in 2030.

Technical Outlook of ADA Over Daily Timeframe

The ADA price successfully rose above all the major hurdles and is currently approaching the upper level. The crypto price is hovering near the $0.6549 hurdle and is forming a bearish candlestick, reflecting the sellers trying to make a pullback in the market. If buying volume rises in the upcoming session then a breakout might be witnessed.

ADA registered an intraday trading volume of $8.1 Billion. That is an increase of approximately 29.13% since the previous session, showing that buyers are exerting upward pressure in the market.

The ADA/USDT pair is trading at $0.6370 with an intraday loss of 4.21%. However, the crypto gained almost 40% over the past seven days, highlighting bullishness over the chart.

Testimony of Technical Indicators

Indicator( Occilators/Moving Averages)	Value	Prediction
Relative Strength Index	75.9166	Sell
Commodity Channel Index (20)	138.4362	Sell
Williams Percent Range (14)	-13.2507	Sell
Chaikin Money Flow	0.22	Buy
Average Directional Index	48.6464	Neutral
MACD (12, 26)	0.0684	Buy
Bull Bear Power	0.2160	Neutral
Stochastic %K (14, 3, 3)	86.0073	Neutral
20-Day EMA	0.4990	Buy
50-Day EMA	0.4169	Buy
100-Day EMA	0.3642	Buy
200-Day EMA	0.3413	Buy
Volume Weighted Moving Average (20)	0.5356	Sell
Hull Moving Average (9)	0.6462	Sell

ADA  Price Prediction Tomorrow and Next Week

Date	Price	Change
December 15	$0.656481	0.00%
December 16	$0.636739	-3.01%
December 17	$0.638587	-2.73%
December 18	$0.655066	-0.22%
December 19	$0.677667	3.23%
December 20	$0.626667	-4.54%
December 21	$0.607581	-7.45%

The predicted price data is based on the monthly and weekly performance of Cardano.

Cardano Price Prediction FAQs

What is ADA’s Price Today?

Based on the latest data, the price of ADA decreased by 4.55% and reached $0.6370 by December 14, 2023.

What is the all-time high of ADA?

ADA has an all-time high price of $3.10, and the current price is 79.57% below the record-high price.

What is the Intraday trading Volume of ADA?

The crypto has an intraday trading volume of $1.8 Billion with an increase of 29.13% in today’s session.

Will ADA Reach $10?

Cardano would need to gain 1,470% to reach the $10 threshold. As per the prediction, the ADA could reach the $10 mark by 2032.

Will ADA Reach $1000?

Cardano would need to gain 15,644.64% to reach the $100 mark. Based on our price analysis, the crypto could reach the above target by 2048.

Is ADA Token a Profitable Investment?

According to ADA’s historical data, the price of Cardano increased by 104.00% in the last year, while the coin’s 3-year performance stood at 318.00%. During the past 30 days, ADA experienced 19 green days and the current forecast is bullish. These parameters suggest that ADA is a profitable asset to invest in.

Conclusion

The current market sentiment for ADA is highly bullish with 19 green days in the past 30 sessions. The Cardano (ADA) cryptocurrency has been predicted to experience some fluctuations in price over the next few days and weeks. The oscillators give a sell signal while the moving averages suggest a buy signal. The negative growth during Thursday’s session indicates that a pullback might be witnessed if selling pressure rises in the upcoming sessions.

Technical Levels

Levels	Value(USD)
Support 2	$0.4518
Support 1	$0.5439
Price	$0.6330
Resistance 1	$0.6549
Resistance 2	$0.8091

Disclaimer

Investing in stocks and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies, stocks, or other ICOs. Since everyone has their uniqueness, a certified professional should be continually consulted before making any economic decisions.