Can Cardano (ADA) Claw Its Way Back to $1.50 Before the Next Altcoin Rally Kicks Into Gear?

Not long ago, Cardano (ADA) was hailed as the Ethereum killer, a third-gen blockchain with academic roots, peer-reviewed everything, and a community that believed in the long game.

The Cardano (ADA) price has shown little signs of life recently as altcoins begin to show signs of momentum.

As on-chain activity picks up and the Bitcoin dominance ratio continues to decline, the stage is being set for an altcoin season.

However, with several macroeconomic headwinds still in play, Charles Hoskinson recently warned that any hopes of an altcoin rally may be dashed.

But as the saying goes, hope springs eternal.

And with several altcoins already showing strong gains in recent weeks, perhaps a rally is in the works after all.

If it does arrive, could ADA rise to $1.50 by the time the next altcoin season kicks into gear?

Cardano price prediction: is ADA gearing up for a moonshot or just flexing?

Cardano has certainly been no stranger to adversity throughout its lifetime.

Its community is known for its patient, long-term approach to holding ADA tokens.

While other tokens pump and pivot quickly, Cardano prefers a slower, more academic approach to blockchain technology.

However, with several tokens showing signs of life in 2024, could the tides now be shifting in favor of ADA?

Its price has shown little change in recent months as it trades below the $1 mark.

However, momentum may now be returning to the market.

Smart contract activity on the Cardano chain is finally picking up, while the strength of its staking ecosystem remains strong.

The question is whether ADA can claw its way back to the $1.50 zone before the next rally kicks into gear.

As of May 25, ADA trades at around $0.49. It’s still a long way from its $3.09 peak, but the token has posted a 67% gain over the past year.

This quiet strength has seen it outperform many other altcoins in 2024 as the market spotlight pivots between meme coins and L2s.

With a $17.44B market cap and renewed interest in the broader altcoin space, ADA is starting to hum with potential again. Especially as both XRP and DOGE flash signs of a brewing alt season.

Technically, ADA is setting the stage for a possible run. The daily chart shows price floating above both the 50-day and 200-day moving averages, a bullish setup not seen consistently since early 2023.

On the weekly chart, the rising 50-day MA could offer lift-off support, even if the longer-term 200-day trendline still leans bearish. The structure is coiling for a breakout.

Source: Thecurrencyanalytics

That breakout hinges on clearing some stubborn resistance. ADA must first reclaim $0.81, a zone reinforced by the 100-day EMA. Above that lies the psychological $1 mark, then $1.20 and $1.40. These are no small hurdles.

But if XRP can jump 25% in four weeks and DOGE can rocket 58% in ten days, ADA has precedent on its side. The altcoin market’s heating up and ADA’s on deck.

Timing is everything. With altcoin season possibly brewing as Bitcoin dominance wanes, ADA bulls are eyeing July despite Charles Hoskinson’s macro warnings. A $1.50 rally, a 200% leap, is ambitious, but not impossible.

Strong technicals and altcoin momentum make $1.00–$1.10 likely, with $1.50 still in sight if sentiment surges.

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