ADA Price Prediction: Road to $1.00 or 25% Correction Ahead?

#ADA

• Technical Crossroads: ADA tests key support at $0.6732 with MACD suggesting latent bullish momentum
• Whale Activity: Large holders accumulating during dips may foreshadow $1.00 retest
• Ecosystem Growth: $71M treasury fund positions ADA for long-term development despite short-term volatility

ADA Price Prediction

ADA Technical Analysis: Bullish Signals Emerge Despite Short-Term Weakness

BTCC financial analyst William notes that ADA currently trades at $0.7373, below its 20-day moving average of $0.7873, indicating short-term bearish pressure. However, the MACD shows bullish momentum with the histogram at 0.046564 above the signal line. Bollinger Bands suggest ADA is testing lower support at $0.6732, with potential upside to $0.9014 if buying pressure returns.

Mixed Sentiment Surrounds ADA as Treasury Approval Battles Whale Accumulation

"The $71M treasury approval is fundamentally bullish for Cardano's ecosystem development," says BTCC's William, "but technicals show buyers losing momentum." While whale accumulation suggests institutional confidence (potentially targeting $1.00), the Glacier airdrop issues and recent price action create near-term uncertainty. William cautions that failure to hold $0.673 could trigger the predicted 25% correction.

Factors Influencing ADA’s Price

Cardano's $71M Treasury Approval Sparks Bullish ADA Price Predictions

Cardano's ADA is showing renewed bullish momentum after a month of consolidation between $0.70 and $0.90. Technical indicators align with growing social sentiment and increased search interest, suggesting potential for a major trend reversal.

The catalyst comes from a landmark governance decision—the community approved spending 96 million ADA ($71M) from the treasury to fund network upgrades. Input Output Global's proposal passed with 74% support, marking Cardano's first community-funded core development initiative.

Market observers note the funding injection coincides with improving on-chain metrics and developer activity. 'This isn't just a vote of confidence—it's proof of decentralized governance in action,' tweeted Input Output HK following the historic vote.

Whales Bought The Dip: Is Cardano Price Set For $1.00 In August?

Cardano's price action has shifted bullish, with technical patterns signaling long-term optimism. ADA currently trades at $0.7283, up 0.37% intraday, as it consolidates near key support levels. The 7-month falling wedge breakout in July and subsequent pullback suggest a potential parabolic move ahead.

EMA indicators reveal healthy support, with ADA hovering between the 20-day and 50-day bands. An ascending channel formation since April points to strong reaccumulation at current levels. Market watchers eye $1.00 as the next psychological target if momentum sustains.

Cardano Price Risks 25% Drop As Buyers Lose Momentum

Cardano's ADA faces mounting bearish pressure as its price struggles to hold above $0.74, marking a 7% weekly decline. Despite a 118% quarterly gain, weakening on-chain metrics and trader positioning suggest potential for further downside.

Exchange net outflows have slowed to $5.24 million as of August 4, signaling diminishing accumulation pressure. The Binance long/short ratio has dropped to 0.86, with 53% of traders now holding short positions - a concerning shift in market sentiment.

Technical indicators mirror this caution. The shrinking divergence between spot outflows and price action suggests weakening demand, potentially opening the door for increased selling pressure. Market participants are watching the $0.70 support level closely, as a breach could trigger the projected 25% correction.

Cardano's Glacier Airdrop Hits Snag for Ledger Wallet Users

Charles Hoskinson, founder of Cardano, has addressed technical hurdles preventing Ledger wallet users from claiming NIGHT tokens in the Glacier airdrop. The issue stems from Ledger's 31-byte message-signing limit conflicting with Cardano's 251-byte CIP-8 verification requirement—a problem reported since July but still unresolved.

A temporary solution involving null transactions with embedded claim metadata is being deployed. Despite these challenges, the Midnight ecosystem rollout continues, with over 120 million NIGHT tokens already claimed across eight participating chains.

ADA Price Predictions: 2025, 2030, 2035, 2040 Forecasts

BTCC's William provides this ADA projection framework:

Note: Predictions assume successful network upgrades and broader crypto market growth.