Cardano (ADA) Gains Renewed Market Traction, With Price Rising 3.87% to $0.66

Cardano (ADA) is gaining renewed market traction, with its price rising 3.87% in 24 hours to $0.66.

This uptick comes amid broader market consolidation, positioning ADA among the top-performing altcoins of the day.

Source: CoinMarketCap

Backed by sustained developer activity, new integrations, and a robust roadmap, Cardano is once again drawing investor attention.

With key upgrades in the pipeline and Fiat Utility expanding, ADA’s long-term price projections suggest consistent growth through to 2030.

Analysts remain divided on short-term resistance levels, but overall sentiment leans optimistic as the altcoin season approaches and network improvements continue to roll out.

Strong on-chain activity and higher developer engagement levels further contribute to the case for Cardano’s price recovery.

ADA gains real-world utility

Cardano’s recent integration with Mastercard and crypto exchange Kraken now allows ADA to convert directly to fiat at millions of retail outlets.

This gives the token real-world spendability, which enhances its practical use case compared to many altcoins.

The network continues to focus on compliance and institutional readiness, aided by the long-awaited Leios upgrade, which is expected to significantly improve scalability.

The upgrade, in development for over six years, addresses throughput limitations and strengthens Cardano’s position in the broader blockchain ecosystem.

May 2025 price setup

On the technical side, ADA is trading above its 9-day simple moving average.

The RSI sits near 58, suggesting modest bullish momentum without nearing overbought conditions. A small ascending triangle pattern is forming on the charts, hinting at a possible breakout.

Resistance sits at $0.78. If that barrier is breached, ADA could retest the $0.80 mark in May. On the downside, $0.67 provides short-term support.

A drop below this could push the price back to $0.62. Current analysis suggests an average trading range between $0.70 and $0.75 for the month.

Long-term targets to 2030

Cardano’s projected growth through 2025 and beyond is underpinned by its roadmap and rising adoption.

For 2025, ADA could climb as high as $1.4045, with an average price of $0.8778.

A more conservative view puts the lower bound around $0.3511.

In 2026, the token may trade between $2.76 and $3.30, with the average pegged at $3.03.

By 2027, ADA could reach a high of $5.03. In 2028 and 2029, average prices are forecast to hit $5.51 and $7.235, respectively.

Looking ahead to 2030, Cardano is expected to reach between $9.12 and $10.32.

These forecasts assume successful implementation of the Leios upgrade, increasing adoption, and favorable market conditions.

Continued ecosystem development, such as DeFi growth and new partnerships, may also serve as catalysts.

Analyst estimates vary

Forecasts from leading platforms present a wide range of targets.

Changelly predicts ADA could hit $1.12 in 2025, while Coincodex sees a higher upside at $2.23.

Binance’s estimate is more modest at $0.93.

Each platform uses different assumptions, from technical indicators to adoption timelines, explaining the variation.

However, most forecasts suggest a steady upward trajectory.