Key Insights:
- Cardano (ADA) appears to be struggling and is on the verge of a significant price decline.
- The Cardano price prediction suggests that ADA could experience a 20% drop, but this is conditional.
- Whale participation in ADA has dropped by 84%, flashing a bearish signal and raising concerns about potential downside momentum.
Amid the struggling cryptocurrency market, a Cardano price prediction has become a must-discuss topic to determine the asset’s next move.
Over the past few days, the native token ADA had been hovering in a tight consolidation between $0.67 and $0.73. However, it has now breached its lower support and appears to be paving the way for a significant price decline.
Expert Prediction for ADA Token
Earlier, a prominent crypto expert shared a post on X, noting that that if the ADA price fails to hold its key support level of $0.65, it could experience a significant price decline in the coming days.
However, looking at the price momentum, it seems that ADA is likely to breach its key support level. At press time, ADA was trading near $0.66, having recorded a 4.5% decline over the past 24 hours. During the same period, participation from traders and investors has skyrocketed, resulting in a a notable surge in trading volume.
According to CoinMarketCap data, ADA’s trading volume has increased by 15% compared to the previous day. However, this surge in volume is raising concerns about strong bearish momentum.
However, another possible reason for the surge in trading volume could be ADA’s historical price momentum from the current level.
Cardano (ADA) Price Action & Technical Analysis
Expert technical analysis suggests that the Cardano price prediction depends on the ADA daily candle—whether it holds the $0.66 level or falls below it. The daily chart reveals that the asset price is on the verge of breaking down below the $0.66 level.
Cardano Price Prediction for the Upcoming Days
Based on recent price action and historical patterns, if the ADA price falls below the $0.66 level, the Cardano price prediction suggests that the asset could decline by over 20%, potentially reaching the $0.51 level in the coming days.
On the other hand, the Cardano price prediction could maintain its bullish outlook if the ADA price holds above the $0.66 level. If this happens, there is a strong possibility that ADA could reclaim the upper boundary of its consolidation range.
With a continuous price decline over the past 24 hours, ADA’s Relative Strength Index (RSI) currently stands at 46.82 and is heading toward oversold territory. Additionally, it indicates that buying pressure is weakening, which could lead to a potential continuation of the bearish trend.
Mixed On-Chain Metris
Looking at the price action, some are betting on the short side, while others are accumulating tokens and seizing the opportunity to buy the dip.
Recently, a crypto expert shared a post on X, noting that whales, amid the price consolidation in April 2025, have accumulated over 410 million ADA tokens. Such accumulation by industry giants suggests an ideal buying opportunity.
On the other hand, traders over the past seven days have been strongly betting on the bearish side.
According to the on-chain analytics firm Coinglass, traders are currently over-leveraged at $0.651 on the lower side (support) and $0.736 on the upper side (resistance). During the same period, they have built $7.94 Million worth of long positions and $60.44 Million worth of short positions.
When combining these on-chain metrics, it appears that investors are betting on the long term, while traders, considering the current market sentiment, are betting on the bearish side.