Cardano Price Prediction: ADA Gains 12% as Investors Eye ETF Potential

Currently priced at $1.01, Cardano Coin (ADA) has climbed over 26% in the past week, showcasing its strong upward momentum. Sustained growth could stabilize the Cardano Price around $1.5 by year-end. This rally highlights the expanding adoption of the Cardano ecosystem, particularly its decentralized applications (dApps) and staking protocols.

Cardano Price Prediction 2024 points to ADA’s critical support levels at $1.05 and $1.07. The $1.05 level acted as a crucial rebound point, while $1.07 provided intermediate support, preserving the bullish trajectory. On the resistance side, $1.22 emerged as a significant barrier, with $1.18 serving as a minor resistance point.

Momentum Signals Support Bullish Outlook

Momentum indicators suggest further upside potential for ADA. The 1-hour Relative Strength Index (RSI) stands at 61.39, indicating that while nearing overbought territory, ADA remains attractive to buyers. Moreover, the Moving Average Convergence Divergence (MACD) trading above the signal line reinforces positive momentum.

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Cardano Price Prediction: Could ADA Hit $10?

The Price Of Cardano could reach $10 before mid-2025, driven by favorable regulatory changes and ETF-related developments.

Analysts predict ADA could quickly surge above $3, with its role as the potential DeFi chain for Bitcoin fueling optimism. Cardano’s future appears promising, with Cardano Crypto enthusiasts eyeing record highs.