News View Non-AMP

Cardano Price Prediction Today: What’s Next After 17% Dip?

Published by
Anjali Belgaumkar

Cardano (ADA) has dipped below the $1 level and is down by more than 17 percent in the last 24 hours. The altcoin is currently facing significant resistance in the range of $1.12 to $1.24 on the weekly chart. The majority of the top 10 cryptocurrencies have slipped into the danger zones, with altcoins like ADA, XRP, and DOGE recording maximum losses. 

Support Levels to Watch

As anticipated, the price has been struggling in the current area, showing signs of difficulty in breaking above this range. If ADA manages to break out and close a weekly candle above $1.23 or $1.24, the next immediate resistance level will be around $1.46, based on previous highs. Further resistance lies near the 78.6% Fibonacci level at $1.76 to $1.77.

If the price of ADA pulls back, there are several key support levels to watch near $0.90 and $0.82. A move below $0.82 could suggest a shift in the market, so traders should keep an eye on these levels for potential signs of a deeper pullback.

Wondering where Cardano’s price is headed? Read our long-term Cardano price prediction to discover expert insights and stay ahead of the curve!

Bearish Divergence on the Short-Term Charts

ADA is showing signs of a bearish divergence. The price has formed higher highs, while the Relative Strength Index (RSI) has confirmed lower highs. This suggests that bullish momentum has faded, and there’s a likely chance of sideways price action or even a slight pullback in the coming days or weeks.

Long-Term Outlook: Bullish Market Continues

While ADA is facing short-term resistance and bearish divergence, the larger market remains in a bullish phase. ADA’s price is still maintaining a positive long-term outlook, but it’s navigating through this critical resistance zone for now. However, the overall market sentiment remains bullish. For traders, it’s essential to monitor key price action to determine whether a breakout or pullback is on the horizon.

FAQs

How high will Cardano go by the end of 2024?

The price of ADA could surge to a maximum of $1 by the end of 2024.

How high can Cardano go by the end of 2025?

According to our Cardano price prediction, the altcoin’s price could hit a maximum of $2.42 by the end of 2025.  

What is the price of one ADA token?

At the time of writing, the price of 1 Cardano ADA token was $1.02

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Bitcoin Price Could Test $99K Before a Year-End Surge, Says Market Expert

Bitcoin’s price has been moving sideways in recent sessions, but a big breakout could be…

July 6, 2025

Ripple Price Prediction as XRP ETF Approval Odds Near 100%

XRP is once again making headlines as the odds of a Spot XRP ETF approval…

July 6, 2025

Best Memecoin To Buy Now? Pepeto Could Mirror Doge and SHIB Past Price Rallies

The memecoin world is going through a big transformation. Where tokens once thrived purely on…

July 5, 2025

These 4 Meme Coins Could 20x in 2025 as Spot Dogecoin ETF Nears SEC Approval

The meme coin market is heating up like never before—and 2025 might just be the…

July 5, 2025

Liked by Investors: This $0.03 Coin Has the Same Upside Potential as XRP (XRP) in Early Days

Years ago, XRP traded under a penny, shrugged off by many who didn’t fully grasp…

July 5, 2025

Why Remittix’s Unique PayFi Offering Has Cardano & XRP Whales Circling After $15 Million Is Raised!

Remittix is quickly gaining ground as a serious crypto player, especially after raising over $15.9…

July 5, 2025