Cardano Weekend Price Prediction: Can ADA Reclaim $1.30?

Cardano (ADA) faced a rough few years since the 2021 bull run. The asset struggled to breach the $1 mark and slipped out of the top 10 projects by market cap. Despite the sluggish few years, ADA made quite a recovery over the last few months. The asset breached the $1 mark for the first time since April 2022. This price prediction article will discuss how high ADA’s price could go over the coming weekend.

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Cardano’s Current Price Movements

ADA has faced a significant price correction today. The asset is down 4.6% in the daily charts, 16.4% in the weekly charts, and 18.2% in the 14-day charts. The asset has maintained some gains in the monthly and yearly charts, rallying 29.8% and 59.9%, respectively.

The latest market correction could be due to the Federal Reserve announcing that 2025 will have only two interest rate cuts instead of three. The Fed also anticipates inflation in the US to stay for longer than expected. The Fed predicts inflation to hover between 2.1% to 2.5%. Inflation in the US may not fall under the Fed’s 2% target even by 2026.

Also Read: Cardano Up 77% in 2024 Amid Drop: What to Expect From ADA in January

Weekend Price Prediction

According to CoinCodex, ADA may continue to dip over the next few days. The platform anticipates the asset to trade at $0.96 on Sunday, Dec. 22, 2024. Hitting $0.96 from current price levels will entail a dip of about 1.03%.

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Despite the bearish short-term outlook, CoinCodex anticipates ADA will pick up the pace by the end of the month. The platform expects ADA to reclaim the $1.30 mark by Jan. 19, 2025. The platform also predicts ADA to hit $2.55 on Feb. 10, 2025. Hitting $2.55 from current price levels will translate to a rally of about 162.89%.