Cardano Price Prediction – Analyst Projects $4 Target Amid Bullish Setup
Highlights:
- Cardano has surged 1.80%, reaching $0.627 amid rising buying pressure.
- Analyst ALLINCRYPTO projects ADA could hit $4 based on historical trends.
- ADA consolidates in a symmetrical triangle, signaling potential for a 30% price swing.
The crypto market displays a bullish outlook, with most prices trending upwards. The leading asset, Bitcoin, is holding above the $85K mark, driving the broad market momentum. In addition, the global market cap has surged to $2.69 trillion, while the 24-hour trading volume declined slightly to $44 billion.
As bullish momentum drives the market, major altcoins are trading positively. Cardano (ADA) has surged 1.80% in the past 24 hours to trade at $0.627 as buying pressure mounts. The altcoin has hit an intraday bottom and high of $0.6140 and $0.6340.
The altcoin has been volatile recently, with its price declining by 13% over the past 30 days. During this period, the price oscillated between $0.5100 and $0.7700. Its market cap and trading volume stand at $22.10 billion and $393 million, respectively.
Analyst Flags Cardano Bullish Setup
A leading crypto analyst, ALLINCRYPTO, has projected that Cardano could reach $4 soon. In a recent post on X, the analyst highlighted historical data to back up this bullish outlook. According to the prediction, Cardano is completing its final cycle before a major price surge.
History set to repeat for Cardano $ADA…. we are just following last cycles price action. Major run ahead 👇 pic.twitter.com/FDhiWIhBDB
— ALLINCRYPTO (@RealAllinCrypto) April 18, 2025
The analyst drew attention to ADA’s previous bull run from 2020 to mid-2021. The price increased during this period, and according to the analyst this movement could be repeated. Considering the performance it had in the past, traders have a rationale to believe in this price target.
Cardano Price Consolidates in Symmetrical Triangle Formation
Amidst the bullish setup, Cardano is at the moment trading within a symmetrical triangle formation. Analyst Ali Martinez highlighted the chart exhibiting rising trend lines, which indicate a breakout. In the past, this formation typically presaged an aggressive market move up or down.
#Cardano $ADA consolidates within a triangle, setting the stage for a potential 30% price move.
Go to @SimpleFXcom, claim the deposit bonus here: https://t.co/ChoFIwIw4v, and join me in this trade! pic.twitter.com/VuMqreHHtz
— Ali (@ali_charts) April 18, 2025
The target suggested that the technical analysis indicates it could reach 30% and increase it if volume supports the movement. In this case, if ADA is to break above the triangle’s resistance, this could trigger a continuation of its recovery. However, the momentum heavily relies on the level of trading volume in the upcoming period and sentiment in the market.
In case support at $0.56 is breached, the pressure on the downside may deepen. Hence, a drop could follow, testing the lower levels.
Cardano Price Struggles Below Resistance Amid Weak Momentum Indicators
Cardano remains bearish below the $0.649 area on the 4-hour chart. The price shift remains bounded between the $0.586 support level and the resistance level. The recent candles depict some faint bullish action but no breakout sign, which gives a more bearish indication in the short term.
The Relative Strength Index (RSI) is in the region of 53, which suggests indecision about the price pattern. Despite recent attempts to get to 58, the figure went down a little, exhibiting diminishing buying pressure.
Additionally, the Moving Average Convergence Divergence (MACD) levels also show hesitation. The MACD indicator is slightly above the signal line, and the histogram bars have limited size, which is an indication of a weak trend.
If ADA drops beneath the $0.649 level, the altcoin may once again test the $0.586 support level. Furthermore, a break below the $0.586 level might drag the price towards the $0.514 support. On the positive side, bulls must force the price above $0.649 to trigger a possible new wave to $0.748 to confirm trend reversal.
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Raymond Munene
Raymond Munene is a crypto content writer who contributes to Crypto2Community. With over three years of experience, he is interested in Bitcoin, Blockchain, and Technical Analysis. Focusing on daily market analysis, his research helps traders and investors alike. His particular interest in cryptocurrency and blockchain aids his audience.
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