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- 1 ADA price is taking support at the $0.2417 level.
- 2 The immediate support for the coin is near its all-time low levels.
- 3 ADA may surge 138% in the upcoming year.
During January of this year, the Cardano (ADA) coin dropped from $1.1804 to $0.7774 as it broke a significant support level. Despite the bulls’ attempts to regain control, the bearish pressure was too heavy, resulting in a rejection from the resistance of $1.2431. As a result, the ADA investors have been exiting the market, and the coin has been experiencing a downtrend for over a year.
Currently, the ADA price is trading at $0.285 and has reclaimed the support level of $0.241 during mid-October. However, the coin is currently at a ‘judgment point’ as the downtrend line is closing in. To break this trend, the ADA bulls will have to make a higher low above this line. The immediate resistance level for the current price action is at $0.5726.
ADA Price Prediction 2024-2027
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 0.3858 | 0.5321 | 0.6784 |
| 2025 | 0.5726 | 0.78915 | 1.0057 |
| 2026 | 1.0266 | 1.33305 | 1.6395 |
| 2027 | 1.5698 | 1.91105 | 2.2523 |
ADA Price Prediction 2024
Based on the forecast for ADA price in 2024, the digital currency could experience a significant surge of up to 138.04% from its present value. The coin is likely to attain a fresh 52-week high in 2024. When an in-depth analysis of the weekly chart patterns was done, some bullish signals were seen. ADA coin has the capability of reaching a maximum of $0.6784 in the year 2024.
ADA Price Prediction 2025
According to the price analysis, it is predicted that the value of ADA in 2025 will reach a new high of $1.0057. The cryptocurrency may show a significant increase of 48.25% from the previous year’s peak. Moreover, the volatility for that year may be medium-high. ADA can reach a low of $0.5726 and the average price is expected to be near $0.78915.
ADA Price Prediction 2026
As the year 2026 approaches, the market is likely to expand. Based on the ADA price prediction, it appears that the market is leaning towards a bullish trend. The projections are that ADA could soar as high as $1.6395 in 2026. In addition to this, the 52-week low for the same year could stay at $1.0266.
ADA Price Prediction 2027
As decentralization gains more popularity, people with an increasing interest in cryptocurrencies are likely to start trading. This will lead to crypto like Cardano to rise in demand. Therefore, it is predicted that by 2027, the ADA coin could reach as high as $2.2523, approaching its all-time high levels achieved in 2021 once again.
Conclusion
Since the bears are taking over the market, the value of the ADA coin has been on a decline. Currently, the ADA coin’s future value depends on whether people keep buying it or not. However, more people are expected to buy cryptocurrencies in the future. Therefore, the value of ADA might go as high as $2.2523 by 2027.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks or related indexes comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
