Cardano (ADA) has gone down by nearly 16% in the past month as the crypto rally faltered amid rising tensions between the United States and China on the trade front.
Investors’ sentiment has also been souring lately as reflected by the Fear and Greed Index, whose value has dropped from a local peak of 76 (Greed) to 55 at the time of writing, meaning that investors have now adopted a more cautious approach in what is a relatively uncertain scenario.
Cardano’s trading volumes in the past 24 hours have increased by nearly 36% and have pushed the price 1% higher during this period.
A key metric called the Market Value to Realized Value indicates that profits have started to shift from short-term to long-term holders as a result of the latest recovery.
This is typically seen as a bullish signal, as it encourages long-term investors to hold their assets, reducing overall selling pressure.
Given this setup, a reasonable Cardano price prediction would center around the $0.66 level—an area that has acted as a key accumulation zone and one which ADA quickly reclaimed after its recent bearish breakout.
Cardano Price Prediction: What Needs to Happen for ADA to Reach $1?
Cardano had been forming a falling wedge since mid-May when this latest pullback started to unfold.
ADA has encountered strong support at $0.66 as traders pulled a bear trap right after the price action broke below this area.
This falling wedge was broken already but trading volumes in the daily chart are still not high enough to confirm a solid breakout.
As the price action is tagging a key support level, if ADA’s climb accelerates at this point, this would confirm a bullish Cardano price prediction with a near-term target set at $1 based on the height of the wedge.
A golden cross between the 9-day and 21-day EMA would confirm this positive outlook while momentum indicators seem to be on pace to send a buy signal.
And if Cardano adoption continues to grow and real-world utility expands, ADA could be on a path to $100 in the years ahead—especially if the broader market enters a new era of mass crypto integration.
As the crypto market continues its unexpected recovery in this uncertain environment, the best crypto presales of the year like SUBBD (SUBBD) will deliver the highest returns to early buyers who enter while they are still flying below most investors’ radars.
SUBBD Set to Launch Game-Changing Decentralized Content Platform
SUBBD (SUBBD) gives creators the chance to avoid unfair bans and keep a higher share of their earnings through the power of decentralization.
This project has already enticed more than 2,500 influencers with a combined following of 25 million fans and investors have poured more than $600,000 in just a few weeks to give the developing team the required resources to push things forward.
The $SUBBD token is the centerpiece of this ecosystem as it gives creators a say in the platform’s roadmap, moderation policies, and other key aspects of its functioning while it also gives fans a chance to access subscription discounts, make custom requests, and get early access to new features.
Once the platform is launched and, with the help of these amazing creators, the demand for $SUBBD will explode – especially once it gets listed on top exchanges.
To buy $SUBBD at its discounted presale price of $0.055625, head to the SUBBD website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to invest.
The post Cardano Price Prediction: One Key Level Holds the Fate of the Next ADA Rally – $100 Possible? appeared first on Cryptonews.
