Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Cardano (ADA) Price Analysis: Will ADA Price Continue To Surge?

Cardano (ADA) Price Analysis: Will ADA Price Continue To Surge?

CryptotickerCryptoticker2024/09/25 06:09
By:crypto newsRudy Fares

Cardano (ADA) remains a significant player in the cryptocurrency space, consistently making waves with its innovations and strong community support. Despite recent market fluctuations, ADA price is maintaining positive momentum, with several upcoming events likely to influence its trajectory. This ADA technical analysis dives into Cardano current performance, price levels, and future potential, especially in light of Charles Hoskinson’s upcoming meeting with Argentina’s President.

Cardano (ADA) Price Performance

Cardano price currently stands at $0.38, with a market cap of $13.35 billion and a 24-hour trading volume of $357.15 million. The coin has been fluctuating, with a 3.04% drop from its 30-day peak but a notable recovery, up 4.52% from its 7-day high. More impressively, ADA has surged 25.37% from recent lows, signaling growing confidence and deliberate accumulation by long-term investors.

Cardano (ADA) Price Analysis: Will ADA Price Continue To Surge? image 0 By TradingView - ADAUSD_2024-09-25

Cardano Key Levels of Support and Resistance

  • Resistance Levels: $0.39, $0.41, $0.45
  • Support Levels: $0.37, $0.35, $0.33

In the last 24 hours, ADA/USD dropped by 1.80%. Despite this, the price is hovering near a resistance level of $0.39 within the Keltner Channel. A breakout above this point could push ADA toward $0.41 and $0.45. The MACD indicator suggests bullish momentum, reinforcing the positive outlook.

On the downside, immediate support can be found at $0.37. If ADA drops below this, further support is positioned at $0.35 and $0.33. A break beneath these levels could indicate a shift in market sentiment, but the overall trajectory remains optimistic.

Cardano (ADA) Price Analysis: Will ADA Price Continue To Surge? image 1 By TradingView - ADAUSD_2024-09-25 (5D)

How Argentina CBDC Could Impact Cardano

The excitement surrounding Cardano has been fueled by the anticipated meeting between Charles Hoskinson and Argentina’s President, Javier Milei, who is pro-crypto. Speculation around the introduction of a central bank digital currency (CBDC) in Argentina, along with the nation’s existing blockchain initiatives, has increased optimism in the Cardano community.

Hoskinson has emphasized Argentina’s importance in Cardano’s growth strategy, with several partnerships, such as the one with AtixLabs, being initiated in the country. A strategic collaboration with the Cardano Foundation earlier this year further supports the platform’s integration into Argentina's blockchain ecosystem.

Cardano Upgrades Boost ADA Whales Accumulation

Cardano’s recent upgrades, including the Chang Hard Fork , have contributed to the positive market sentiment. The introduction of a governance mechanism has led to increased accumulation by ADA whales, with investors holding over 1 billion ADA tokens . This surge suggests strong confidence in Cardano’s long-term prospects.

ADA/BTC Performance and Future Outlook

The ADA/BTC pair is currently trading at 0.00000597 BTC, down by 1.16% in the last 24 hours. However, it remains positioned near the upper range of the Keltner Channel. A breakout above current levels could drive the price toward 0.00000622 BTC, with support levels at 0.00000579 BTC. Positive momentum, indicated by the MACD, suggests potential gains for ADA in the coming days.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show

Dogecoin (DOGE) jumps 38%, and Cardano (ADA) launches an AI testnet, but Unstaked’s advanced AI agents go beyond marketing, offering real impact and value.Dogecoin (DOGE) Future: Aiming for $3.94 with MomentumCardano (ADA) Blockchain Tests AI ScalabilityUnstaked: AI That Goes Beyond MarketingFinal Take: Real AI Utility vs. Hype

Coinomedia2025/05/08 21:11
38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show

ETH Trades at Historic Lows vs BTC Since 2019

ETH hits lowest value compared to BTC since 2019, raising questions on a potential rebound amid mixed fundamentals.ETH Undervalued Against BTC: A Historical SetupBullish History, Bearish FundamentalsPatience Required for Ethereum Bulls

Coinomedia2025/05/08 21:11
ETH Trades at Historic Lows vs BTC Since 2019

Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis

BTFD Coin surges in Stage 15 with 90% APY staking and 200% bonus. Best meme coin presale to buy now before it launches on May 27!BTFD Coin (BTFD) – The Bulls Are Charging, Are You In?Dogecoin (DOGE) – The OG Meme King Facing Shaky GroundPopcat (POPCAT) – The Smart Money Magnet of the Moment

Coinomedia2025/05/08 21:11
Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis

SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy

Explore Shiba Inu (SHIBA) recovery trends, Cardano (ADA) prediction backed by developer growth, and how Web3 ai’s Portfolio Optimizer replaces guesswork with smart strategy. Learn why Web3 ai is gaining traction among the highest trending crypto tools.Web3 ai’s Portfolio Optimizer Turns Guesswork Into GainsShiba Inu (SHIBA) Recovery Sparks Renewed Interest After Key Price ReboundCardano (ADA) Prediction: Development Surge Fuels Bullish OutlookStrategy Over Speculation

Coinomedia2025/05/08 21:11
SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy