24-Hour Cardano (ADA) Forecast
Price Outlook
Cardano (ADA) is currently trading at $0.76, showing a 3.28% gain over the past 24 hours. Technical analysis indicates a potential upward movement, with resistance levels at $0.81, $0.88, and $0.996. (TronWeekly)
Technical Momentum(The Market Periodical)
ADA is forming an ascending triangle pattern on the 4-hour chart, suggesting a bullish trend. The Relative Strength Index (RSI) is around 60, indicating neither overbought nor oversold conditions. The MACD line is above the signal line, supporting bullish momentum.
On-Chain Strength
Recent data shows significant ADA withdrawals from exchanges, totaling $1 billion, indicating accumulation by large holders. This trend suggests reduced immediate selling pressure and potential for price appreciation.
Institutional Flows
In March 2025, Cardano received $63.3 million in institutional inflows, leading the crypto market over the past month. This influx of institutional investment reflects growing confidence in ADA's long-term prospects.(The Market Periodical)
Market Mood
The Fear & Greed Index for Cardano is at 74, indicating "Greed." This sentiment suggests that investors are optimistic about ADA's short-term performance.(changelly.com)
Macro Tailwinds
Cardano's integration with the Brave browser exposes it to 86 million potential new users, potentially increasing adoption. Additionally, anticipation builds over a possible exchange-traded fund (ETF) approval by the end of 2025, with odds of approval surging from 45% to 64% in just three days.
Entry & Exit
Entry: $0.76
Exit: $0.81
Summary
Based on current technical indicators, on-chain metrics, institutional flows, market sentiment, and macro factors, ADA is expected to increase to $0.81 within the next 24 hours.
