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Cardano (ADA) Price Prediction: Consolidation Before Parabolic Rally Toward $1.38

Published by
Elena R

Cardano (ADA) price has gradually followed the ongoing Bitcoin (BTC) bullish sentiment, catalyzed by Gold’s meteoric growth. In the past seven days, ADA price gained over 10 percent to trade at about $0.645 on Tuesday, April 15, during the mid-London session.

Similarly, Cardano’s Futures Open Interest (OI) has experienced growth, whereby it increased by around 3.13 percent in the past 24 hours to hover about $632 million.

Cardano Whales Capitulate

According to on-chain data from Santiment, Cardano whales, with a balance of between 1 million and 10 million ADA coins, offloaded more than 100 million coins during the past weeks.

As a result, the specific ADA whale group now holds 5.65 billion coins, currently worth about $3.64 billion.

ADA Price Analysis

From a technical analysis perspective, ADA price, against the U.S. dollar, has been following a similar fractal pattern to the 2021 bull cycle, but with the exception of the tariff and COVID-19 extremities. As a result, the large-cap altcoin, with a fully diluted valuation of about $29 billion and a 24-hour average trading volume of about $668 million, has potentially entered the final consolidation before kickstarting the much anticipated parabolic rally toward price discovery.

For the market reversal, ADA price could consolidate between 74 cents and 55 cents in the coming weeks. From a different perspective, ADA price could continue with bullish sentiment and surge toward $1.38 in the near future, all without further consolidation.

Market Picture

The Cardano network has gradually grown to a vibrant web3 ecosystem, with a total value locked (TVL) of about $298 million and a stablecoins market cap of $31 million. The mention of the Cardano network by the U.S. SEC as a strategic crypto asset likely to revolutionize government contracts, including the education system, has played a crucial role in the mainstream adoption of ADA.

FAQs

Why is Cardano (ADA) price rising?

ADA price surged 10% in a week, mirroring Bitcoin’s bullish trend and boosted by gold’s rally. Increased futures open interest ($632M OI) signals growing trader confidence.

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 $1.4045 in 2025.  

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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