Cardano, a smart contract platform, is experiencing a price drop, but long-term forecasts remain positive. This article examines the current situation and expected changes.
Current Market Trends
Currently, the price of Cardano stands at about $0.7584, marking an 8.38% decline over the past week. The Relative Strength Index (RSI) is below 43, indicating weakness in short-term momentum. Nevertheless, Cardano maintains its position among the top ten cryptocurrencies with a market cap of over $26.8 billion.
Predictions for 2025
AI models from Perplexity suggest that Cardano could climb back to the $2.00–$2.50 range by mid-2025, aided by a broader recovery cycle among altcoins and growth in network activity. In more bullish conditions, some forecasts even indicate a retest of its all-time high of $3.01 by late 2025.
Technical Picture Analysis
Charts indicate that Cardano is consolidating just above a critical support zone near $0.70. The RSI on the 2-hour chart is around 42.54, suggesting the asset is nearing oversold conditions, often leading to local rebounds. If the price holds above $0.70, a move toward $0.85 and higher remains possible. Conversely, continued selling pressure could lead to deeper corrections.
Despite current volatility, Cardano’s long-term outlook remains positive. Increased on-chain activity and future upgrades could reignite bullish momentum in 2025.
