Cardano price prediction has taken a bearish turn in recent months, with investors largely abandoning ADA after its prolonged struggle to regain momentum.
Market sentiment paints a picture of capitulation as ADA continues to consolidate at multi-month lows.
But the question now is whether this overlooked asset can quietly position itself for a sharp breakout.
ADA Hits 5-Month Sentiment Low While Price Secretly Surges 14%
Looking at on-chain analysis from market intelligence platform Santiment, despite ADA recording the lowest sentiment in five months, the price has quietly climbed 14% in the last 30 days.
Currently trading at $0.8286, ADA boasts a $29.61 billion market cap and maintains its position among the top 10 cryptocurrencies in the market.
Patient holders and dip buyers during the preceding three-week downswing are now hoping for the trend of bearish retail sentiment to continue.
On-chain data shows that whales have been stepping in to buy the dip since early August.
Source: SaintmentMore than 16 different transactions worth $1,000,000 of ADA were recorded over the 30-day period, and it appears these large holders are not slowing down.
Founder and CIO of MN Capital, Michaël van de Poppe, has also acknowledged that Cardano is still in a blind spot for most market participants.
However, the ADA price is building up for a significant breakout as the ecosystem continues to grow.
Cardano price prediction: Technical Analysis Points to Potential 40% Breakout
Technical analysis shows that the ADA/USDT daily chart is forming a clear Wyckoff accumulation pattern, following the heavy distribution phase earlier in the year when price broke out in March toward $1.17.
From June to August, Cardano consolidated within an accumulation range, establishing strong support before beginning a parabolic curve structure that typically indicates preparation for a breakout.
Source: TradingViewThe RSI sits just under 50, showing a recovery in momentum but still at a neutral stage, suggesting that buyers are gradually regaining strength.
If this Wyckoff parabolic curve continues to play out, ADA could see a breakout toward the $1.17 level, representing a potential gain of over 40% from current prices.
However, failure to hold the accumulation base around $0.70 would weaken the bullish setup and risk extending consolidation.
At present, the chart leans bullish, with the technical structure favoring a gradual rise toward the breakout zone.
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Visit the Official Website HereThe post Cardano Price Prediction: Everyone’s Given Up on ADA – Which Is Exactly Why It Might Be About to Explode appeared first on Cryptonews.
