Cardano Price Prediction Eyes $4 Surge Amid Recovery

Cardano Price Prediction: ADA to Target $4 Breakout Despite Downtrend

The future Cardano (ADA) crypto price prediction is split, as technical analysts point to both bullish and bearish indicators in the ADA chart. Although market momentum has weakened in recent months, some analysts suggest the crypto asset could still make a significant recovery to the $4 zone, provided that key resistances are regained.

ADA Chart Signals Major Resistance Test Ahead

In the meantime,  30-minute market structure shows a bearish trend, with price trading near $0.3876, and holding above the recent low at $0.3707. Indicators support the downward trend, though there are zones of bullish potential. The main resistance at $0.3937 is acting as the immediate point of decision among traders since failure to move beyond it may continue to exert pressure to the downside.

ADAUSD 30. CHART | SOURCE: X

Provided that the resistance at $0.3937 keeps confining the price activity, a short position targeting the $0.3707 demand zone, and possibly moving to $0.3530, could be formed. On the other hand, a clean breakout on the upside of this level would shift the short-term ADA predictions, paving the way for bullish market action to the next resistance at $0.4114 and $0.4274.

Elliott Wave Signals ADA’s Next Major Breakout Setup

Analyst Mintern presented a strong bullish case, based on Elliott Wave theory, which indicates that ADA coin price prediction could be entering the final stages of a major impulsive pattern. The chart shows price movement taking the shape of Wave B to the upside, with sub-waves showing a possible Wave v breakout. The current consolidation is guided by a rising wedge structure, and a breakout above this structure could trigger a further upward movement.

More so, ADA is among the strongest rebounders, posting a sharp 14% daily gain as risk appetite returned across the crypto market. The chart shows broad green momentum, with assets like SUI, SOL, LINK, and DOT also surging as social sentiment flipped bullish.

SOURCE: X

Fibonacci extension levels also show upside targets. These consist of resistances at $1.47, $1.79, and further to $2.47 and $3.10, with the final projection of 200% near $4.14. According to Mintern, this technical roadmap corresponds with a longer-term crypto price prediction of 2025, provided buyers maintain the price above strategic supports, validating the bullish continuation clues.

Cardano Price Prediction Struggles Below Key Reversal Levels

In the meantime, Analyst Mentor pointed out the continued poor performance of the token, falling from its all-time high of $3.10. The latest monthly statistics show Cardano trading near $0.37, which is significantly below the historical support levels. Declining moving averages support a bearish market structure, indicating that sellers are in control of short-term momentum.

ADAUSD 1M CHART | SOURCE: X

Besides, the analyst pointed out the $0.54-0.60 range as a key recovery point. A clear shift above this zone is an indication of renewed investor confidence. However, failure to recover these levels risks a further drop to a low of $0.30 or even $0.18. The analyst questions the confidence holders have in the ability of to recover amid months of consolidation and weakening trade strength.

Cardano price prediction depends on whether technical conditions match ecosystem advancements.