A crypto analyst has presented a new ADA price prediction, forecasting long-term growth for the altcoin, with the potential to reach a new all-time high in 2025. The analyst supports this bullish analysis with indicators like price action, trading volume, and Moving Averages (MA).
ADA Price Set For New ATH In The Next 8 Months
According to the pseudonymous TradingView analyst, known as ‘MasterAnanda,’ Cardano’s price action is often backed by substantial volume on green days, especially during the early February and mid-November 2024 rallies. This increase in volume indicates strong buying pressure and bullish sentiment, while lower volume suggests bearishness. The analyst predicted that Cardano’s current fundamentals are significantly bullish; as such, its price is set to skyrocket to new ATHs.
MasterAnanda explained that after a strong bullish breakout, crypto prices tend to retrace temporarily before continuing higher. The analyst believes that this potential retracement could result in a higher low for the ADA price, meaning the cryptocurrency is poised for strong bullish momentum and long-term growth.
The TradingView analyst also suggests that if a price increase for Cardano is expected to last only 30 days, the rise could be rapid and parabolic. However, for such a strong price surge to occur, Cardano will have to experience a prolonged period of consolidation — a phase where prices move sideways and volatility remains low.
For Cardano, this consolidation phase will serve as a trigger, helping the altcoin build momentum by shaking out weak hands, allowing more accumulation from strong holders, and reducing selling pressure.
MasterAnanda also cited past trends to support his bullish projection for Cardano. He disclosed that in 2024, the ADA price consolidated from August to October before initiating a massive breakout. Now, the analyst predicts that Cardano will likely experience eight months of sustained growth, potentially leading to a surge to $1.83 and marking a new ATH. This price rally is expected to occur in Q4 2025, around November, representing a 90.63% increase from its current market value.
Other technical indicators like Cardano’s 200-day Moving Average (MA200) and 55-day Exponential Moving Average (EMA55) support MasterAnanda’s long-term bullish outlook. Based on the analyst’s price chart, the EMA55 was just reclaimed, reinforcing ADA’s mid-term growth potential. Additionally, the MA200 daily is a crucial support area, which, if ADA can trade above, would further confirm its bullish position and outlook.
Recently, Cardano tested the critical MA200 resistance area, turning it into a support zone after its latest price dip. MasterAnanda disclosed that this successful test confirms his bullish outlook and strengthens confidence in the altcoin’s potential to reach new ATHs this year.
Update On Cardano’s Current Price Action
The Cardano price is currently trading at $0.96, marking a 20% increase in just one day, according to CoinMarketCap. Among the many altcoins in the market, Cardano seems to be one of the few coins unaffected by the broader market downturn.
After the last bull run, the cryptocurrency was in a downtrend for many years, failing to experience significant gains despite its ecosystem’s regular updates and innovative developments. However, now Cardano is showing a strong bullish performance, skyrocketing by 41.6% in the past week and 40% over the past month.
