Cardano Struggles to Maintain Momentum Above $0.60
Key Takeaways
Cardano (ADA) recently surpassed the $0.60 USD mark. However, despite short-term price increases, a sustainable upward trend is lacking. The forecast of $10 per coin remains unrealistic at this time. Even a rise to $1 appears difficult to achieve in the short term. Both technical and fundamental indicators suggest a phase of consolidation.
Current Price Trend: No Clear Direction
In April, Cardano broke through the $0.60 mark. While this initially sounds positive, the price has since moved sideways. A clear upward trend is not apparent. Back in February, there was a brief hype when ADA surged to $0.80 USD within four days. At that time, trading volume exceeded $1.8 billion USD. Currently, it stands at only around $640 million USD, indicating waning interest.
Technical Indicators Show Weakness
The Relative Strength Index (RSI), a technical indicator used to assess overbought or oversold conditions, has only entered the overbought zone once this year—triggered by a short-term market reaction to political news. This suggests that recent price movements are driven more by short-term impulses than by sustainable strength.
Fundamentals Under Pressure
In addition to technical analysis, it’s important to consider fundamental data. Cardano’s network fees—an indicator of blockchain usage—have dropped by 52% over the past three months. They currently stand at only $8,100 USD per day. Other metrics of blockchain activity also show declining trends. This argues against an imminent upward trend reversal.
Realistic Price Targets for Q2
Given the current data, a price target of $1 USD in the second quarter of 2025 is ambitious. Without significant changes in user behaviour or new momentum from Cardano ecosystem development, the price is likely to remain below this level. The frequently cited forecast of $10 per coin is not realistic under current conditions.
Our Assessment
Cardano is currently in a consolidation phase. Neither technical indicators nor fundamental data support a sustainable upward trend at this time. Short-term price targets above $1 are difficult to reach without new momentum. For investors, this means patience is required. Those investing in ADA should be aware of its current weakness and not expect quick gains. A long-term perspective on project development remains crucial.
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| Symbol | ADA |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
|
| Further practical applications | |
| Price | $0.68 |
| 24h % | -3.85 % |
| 7d % | -3.96 % |
| 30d % | 4.53 % |
| 60d % | 6.99 % |
| 1y % | 58.05 % |
| Market Cap | $24,508,041,454.00 |
| Max. Supply | 45,000,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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