๐ฎ Cardano (ADA) 24-Hour Price Prediction โ May 3, 2025
Cardano (ADA) is currently trading at $0.702 and showing strong signs of upward momentum, backed by both technical indicators and on-chain activity.
๐ Technical Insights
ADA is consolidating within a symmetrical triangle, with price action tightly bound between $0.67 and $0.73. The recent price structure shows bullish strength, with the 50 EMA flattening near $0.696, and price staying above it. The RSI is rising toward 70, showing momentum is building without entering overbought territory. The MACD is neutral-positive, indicating a potential for breakout.
๐ On-Chain & Sentiment
On-chain data shows large holders have accumulated 420 million ADA in April, and net exchange outflows exceeded $3 million, suggesting strong conviction among whales. Retail participation is also growing, with small transactions increasing by over 250% month-over-month.
Social sentiment is highly favorable. ADA has reached its highest crowd sentiment level in 4 months, and the Fear & Greed Index sits at 65, reflecting strong but healthy optimism.
๐ง Fundamental Strength
With over 60% of ADA staked (โ$15.5B), a circulating supply of 35.3B ADA, and steady GitHub activity averaging 449 commits per day, Cardanoโs development ecosystem remains one of the strongest in the industry.
๐ Expected Price Movement
Based on the current technical setup and supporting metrics, ADA is expected to increase to $0.77โ$0.80 within the next 24 hours. A breakout above $0.73 would confirm this move.
Stay alert to confirmation on the charts as volatility is tightening.
