Cardano (ADA) Price Forecast: Bullish Signals or Another Crypto Mirage?

Cardano’s ADA teeters on the edge of a breakout—or another brutal crypto reality check. Here’s what traders are betting on this week.

The Bull Case: Network Upgrades Fuel Optimism

ADA’s recent Hydra upgrade sparks whispers of ‘Ethereum killer’ revival. Scalability fixes could finally deliver the throughput promised since 2017’s whitepaper hype.

The Bear Trap: Macro Headwinds Loom

Bitcoin ETF flows dominate altcoin attention. ADA’s 30-day correlation with BTC sits at 0.82—meaning when BTC sneezes, Cardano catches pneumonia.

Price Prediction: Volatility Guaranteed

Analysts peg $0.45 as make-or-break support. A close above $0.53 could trigger algorithmic buying sprees… or just another ‘buy the rumor’ trap for retail bagholders.

One thing’s certain: in crypto, the only ‘stable’ price is the one printed on a Tether balance sheet.

1. Sellers Pushed ADA Under 60 Cents

With buyers remaining on the defensive, ADA’s price fell under 60 cents and appears unable to reclaim this key psychological level. At the time of this post, the price is under $0.58 and could fall to the support at $0.50 where buyers showed interests in the past.

2. Bearish Momentum Increases

The daily RSI fell into oversold territory on Sunday and bounced outside of this zone on Monday. However, at this time, this indicator is falling again. This shows weakness in the price action and inability of buyers to reverse this downtrend. Hopefully, the support at 50 cents will stop the selloff.

3. Sellers Dominate

The daily volume shows that sellers are making higher highs. They hold the initiative and can dictate price direction. Bounces are brief and are likely the result of shorts being closed which means sellers need to buy to close positions. Unfortunately, the price also made a lower low on Sunday which is a bearish signal.