Cardano (ADA) prices have been consolidating around $0.70 per token in recent days but have remained above key support levels, indicating the potential for further upward movement.
ADA has recently been seeking support, falling back to around $0.6750 at the 50DMA, and broke through this level during a broader rebound in the cryptocurrency market last week.
According to CoinMarketCap data, Cardano's market capitalization is currently around $24.7 billion.
This sends an important signal regarding the recent market outlook — breaking through the 50-day moving average indicates that the bearish trend from late March/April has been broken.
Therefore, the current risk leans towards a sustained rebound in Cardano prices. It is even possible to return to recent highs of $1.20-1.30.
That said, a new altcoin season is approaching, making it unlikely for ADA to return to its historical high of over $3.00 in March 2021.
This is because macroeconomic uncertainty remains high. Indeed, President Trump's trade war seems to have slightly eased the atmosphere.
However, uncertainty surrounding trade policies remains high. Surveys released on Monday show that cracks have begun to appear in the U.S. economy.
As the risk of a recession in the U.S. economy continues to rise, with heightened global economic uncertainty amid the trade war and the world’s most important central bank, the Federal Reserve, concerned about 'sticky inflation' (and thus unwilling to ease monetary policy to salvage the situation), this is not an environment conducive to a surge in altcoin prices for Cardano.
This means that while ADA may rise further in the coming weeks, the likelihood of breaking out of the recent range over the past few months is low.
Long-term bullish forecast for Cardano: Strategic accumulation.
Opportunities remain despite a neutral mid-term outlook, as Cardano still presents compelling long-term investment opportunities.
Despite lagging behind competitors like Ethereum and Solana in terms of adoption, Cardano's strong fundamentals and strategic roadmap enable it to achieve significant growth, with its price potentially reaching $10 by the end of Trump's term in 2029.
Therefore, investors should view the current price fluctuations within the range as an accumulation opportunity.
The Cardano blockchain, with its Ouroboros proof-of-stake protocol, excels in scalability, sustainability, and security. Its focus on rigorous academic research ensures a solid foundation that allows it to stand out among numerous competitors.
A key bullish narrative is that Cardano's ambition is to become the premier Bitcoin DeFi chain, thus achieving seamless integration of Bitcoin liquidity with decentralized financial applications.
Measures such as the Midnight Agreement, enhanced privacy, and cooperation in emerging markets further strengthen its ecosystem.
Macroeconomic uncertainty may limit short-term gains, but Cardano's systematic development and growing use cases (covering DeFi, supply chain, and identity solutions) signal significant upside potential.
This is particularly true against the backdrop of a historic favorable global regulatory environment for the cryptocurrency industry, with the Trump administration, which is a strong supporter of cryptocurrency, making many efforts to support the industry.
However, due to its relatively low market capitalization compared to competitors, Cardano's return potential is not asymmetric.
Strategic investors can leverage the current consolidation to build positions in blockchain for exponential growth over the next four years.