Cardano (ADA) is experiencing a period of consolidation, currently trading at $0.6923, down 0.37% on the day.

Cardano (ADA) is currently in a period of consolidation, trading at $0.6923, down 0.37% for the day. Despite this slight dip, ADA has seen a 2.05% uptick over the past week.

Its 24-hour trading volume is at $658.15 million, down 15.88%. This recent price action suggests that Cardano is at a crossroads, showing signs of exhaustion after its recent rally.

Relative strength index (RSI) shows that ADA may be overbought

Technical indicators are showing a mixed picture. The RSI stands at 70.74, which may indicate that ADA is becoming overbought and could be due for a pullback.

Additionally, the Bollinger Bands are tightening, signaling that a period of low volatility could be on the horizon.

ADA is currently trapped in a critical zone between the support level at $0.6923 (S1) and resistance at $0.7041 (R1), with market volume staying healthy at 1.12x the average.

Healthy market volume seen in the 4-hour chart. A move above R1 could open the door towards the next resistance level at $0.74 (H1). Conversely, a drop below S1 might take ADA towards the support at $0.6545 (L1).

On a shorter-term timeframe, traders could aim for profit-taking opportunities on rallies towards the Fib.78.6% at $0.7041 or Fib.61.8% at $0.6888.

Alternatively, traders might prefer to capitalize on potential declines towards the Fib.50% at $0.677 or Fib.38.2% at $0.66.

Chart Analysis - Spot

Highlighting a notable development in ADA’s recent price movements, Unchained Sentiment's analysis reveals a surge in whale activity.

In April alone, Cardano whales purchased an impressive amount of more than 420 million ADA, valued at around $289 million.

These large investors, holding between 10 million and 100 million ADA, now occupy a growing portion of the token's market capitalization. Their total holdings saw a net increase, rising from 12.47 billion ADA to 12.89 billion ADA, as reported by Santiment.

Despite these actions suggest confidence in ADA’s long-term prospects, the token has yet to break the critical $0.70 level over the past five weeks.

It briefly touched $0.74 before dropping back, reinforcing its position in a tight trading range.

Although whale purchases might usually be bullish, the lack of decisive breakout is noteworthy.

If it manages to break out of this range and close above the mentioned Fib.78.6% at $0.7041, it can head toward $0.74. But if it falls below Fib.50% at $0.677, it can decline further to Fib.38.2% at $0.6545.

Cardano price prediction 2025

According to PricePredictionNet, Cardano's price is expected to experience a significant increase in 2025.

The token is tipped to reach a low of $0.672 and a high of $0.806 by 2025, with an average price of around $0.940, offering a potential ROI of 19.7%.

For May 2025, experts anticipate a price range between $0.727 and $0.940, with an average price of $0.834, signaling a potential ROI of 39.6%.

However, it's important to note that these predictions are based on technical analysis and market trends, which can be subject to change.

While there are signs of exhaustion as the Bollinger Bands are narrowing, suggesting a period of low volatility, there's potential for a breakout on high volumes, which could lead to a strong rally in either direction.

If it can exceed this price level, it can head toward the next resistance level at $0.80. But falling below $0.66 can kill optimism and change hopes to bearish expectancies.

To swing traders, the present setup is in favor of swing trades, and the main risk-management points are at $0.6545 support and at the resistance of $0.7041.