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Cardano Price Prediction 2025: Can ADA Hit $10?

Cardano Price Prediction 2025: Can ADA Hit ?

Cardano Price Prediction 2025: Can ADA Hit $10?

  • Cardano’s price is down 88% from its all-time high. 
  • ADA is trading within the long-term support at $0.37. 
  • The token has been broken out of a symmetrical triangle.

ADA price has fallen since hitting an all-time high of $3.10 in August 2021. The downward move in Cardano price has led to a low of $0.35 on October 13. That’s down 88% from its all-time high. Currently, ADA price is trading inside the horizontal support area of ​​$0.37. This is a crucial support level, as it previously acted as resistance in May. 2018 and February 2021. 

After Cardano’s price finally broke out, it sharply accelerated its rate of increase toward the all-time high of 2021. However, the RSI is not yet supporting a potential bullish reversal. The main reason is that the bearish divergence trend line that led to the current down move is still intact (green line).

Cardano Price: When Bottom? 

A technical wave count analysis shows that the price of ADA has been falling at an accelerating rate since a symmetrical (white) triangle count was completed on September 10 (red symbol). Since then, the number of black subwaves has been provided. It suggests that Cardano’s price is in sub-wave three or five. The short-term Fibonacci level for the floor is $0.32, created by the 1.27 outer fib retracement used at the triangle’s height. If the fifth secondary wave extends, Cardano’s price could fall further to $0.23, the superficial Fib level of 1.61.

A surge above the first wave low (red line) to $0.43 would invalidate this Cardano price prediction and instead suggest that the correction is now complete.

ADA Price Prediction for 2025

It is worth noting that the next BTC halving will occur at block 840,000, which is estimated to occur on March 21, 2024. The previous halving was the catalyst for the current bull cycle. So the same thing can happen. It will happen this time. It is the potential to draw a resistance line connecting the 2018 and 2021 highs. Depending on when the ADA price hits it, the resistance line will be near $5.

If ADA manages to break above it, the rate of increase will likely accelerate and rally to $10. However, should the ADA price fail to bottom and fall $0.017 below the 2020 lows, it would invalidate this Cardano price prediction. 

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