Cardano (ADA) advanced from $0.32 to $1.32 since November 05, 2024, and the current price stands at $1.06. Cardano (ADA) remains supported after Bitcoin’s price advanced above $100,000 and many crypto analysts think that this crypto could reach new highs in the weeks ahead.
President-elect Donald Trump has expressed strong support for fostering a more crypto-friendly environment under his administration. He has emphasized plans to revamp the Securities and Exchange Commission (SEC) to accommodate the evolving cryptocurrency landscape.
This includes implementing clear and transparent token regulations, as well as introducing more precise legal frameworks to balance innovation with security and accountability. Taking these factors into account, along with a booming altseason and strong market excitement about the incoming Donald Trump administration, Cardano (ADA) is widely expected to maintain its upward momentum.
However, these predictions are not set in stone and remain subject to broader market conditions. So where is Cardano’s (ADA) price going next, and what can we expect from February 2025?
Today, Crypto Lists will discuss Cardano (ADA) price estimates from a technical and fundamental analysis perspective. Please note that there are also many other factors to consider when entering a position, such as your time horizon, willingness to risk, and how much margin you have if trading with leverage.
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- 1 Donald Trump’s victory in the U.S. presidential election had a positive impact
- 2 Cardano (ADA) could advance above current price levels
- 3 Technical analysis for ADA
- 4 Important support & resistance levels for ADA
- 5 What speaks for the rise in the ADA price
- 6 What indicates a downfall for ADA
- 7 What do analysts and experts say?
Donald Trump’s victory in the U.S. presidential election had a positive impact
Cardano is a blockchain platform that allows transactions in its native cryptocurrency ADA, and enables developers to build secure and scalable applications powered by it. Cardano is connected with various payment programs, and it is important to say that a variety of projects have been built on the Cardano platform.
Cardano users need to buy ADA to facilitate transactions and participate in governance. Ownership of the token determines who gets to be a slot leader and add new blocks, and who earns a share of fees paid for transactions in blocks. ADA tokens are also used for voting on software policies, such as inflation rate, giving participants an incentive to hold ADA and ensure its future value.
Cardano (ADA) has seen a surge in positive price momentum during the recent “Trump rally,” mirroring the trend across the broader cryptocurrency market. This growth is partly attributed to its parent company, Input Output (IOHK), being headquartered in the United States. In 2025, the altcoin has climbed 30% and is now trading above the $1 mark—a level it hasn’t surpassed since April 2022.
President-elect Donald Trump has voiced clear support for creating a more crypto-friendly environment during his time in office. He has outlined plans to overhaul the Securities and Exchange Commission (SEC) to better align with the rapidly evolving cryptocurrency industry. Key initiatives include establishing transparent token regulations and introducing more refined legal frameworks that encourage innovation while ensuring security and accountability.
Coupled with a thriving altseason and growing market enthusiasm surrounding the incoming Trump administration, Cardano (ADA) is expected to sustain its upward trajectory. Compared to XRP and SOL, ADA is still 64.7% below its 2021 all-time high of $3.09. Therefore, traders are expected to take note of ADA’s favorable risk-to-reward ratio if the altcoin can retest its ATH in 2025.
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Cardano (ADA) could advance above current price levels
According to Cointelegraph, rumors suggest that the incoming president is “receptive” to the idea of establishing a strategic reserve incorporating other US-based digital assets like Solana, USDC, and XRP. These speculations have sparked a snowball effect across the markets, reigniting discussions about an impending “altcoin season.” Amid this buzz, veteran trader Peter Brandt weighed in, noting that regardless of an altseason, Cardano appears to have “bottomed out” based on its weekly chart analysis. Peter Brandt said:
“Cardano (ADA) had formed a double-bottom base, which lasted more than one year before breaking above its recent local high of $0.81. Consequently, the local high at $0.81 has been turned into immediate support, with the price witnessing a “retest congestion. Cardano (ADA) should continue on its bullish ascent as long as other retail-friendly assets continue to move higher.”
Positive information is that Cardano (ADA) has experienced significant volatility in recent trading sessions, with a dramatic 15% drop followed by an impressive recovery of over 20% within just 24 hours. This rapid price action has brought renewed attention to ADA, as investors assess its potential for further gains.
The latest news has unveiled key insights, highlighting that whales have purchased a staggering 100 million Cardano (ADA) tokens over the past 48 hours. This substantial accumulation by major investors reflects increasing confidence in ADA’s long-term prospects and its capacity to sustain its bullish momentum.
Despite this, investors should keep in mind that Cardano (ADA) also carries its risks as an investment, and history has shown many times that its price can fluctuate dramatically over short periods, leading to substantial gains or losses. In the weeks to come, ADA will remain significantly influenced by the general situation in the cryptocurrency and hence, engaging in investments related to ADA demands deliberate consideration.
Technical analysis for ADA
Cardano (ADA) advanced from $0.32 to $1.32 since November 05, 2024, and the current price stands at $1.06. A break above the $1.10 level would indicate that ADA could probably test the price level at $1.30 again. As long the price of ADA is above the line that I marked on the chart below, there is no risk of a bigger sell-off.
Important support & resistance levels for ADA
On this chart (the period from May 2024), I marked important support and resistance levels that can help traders understand where the price could move. ADA has weakened from its recent highs, but if the price jumps above $1.10, the next target could be resistance that stands at $1.30. The current support level is $0.90, and if the price breaks this level, it would be a “SELL” signal, and we have the open way to $0.85. If the price drops below 0.80, which represents an important support level, the next target could be $0.60 or even below.
What speaks for the rise in the ADA price
Since November 5, 2024, the price of Cardano (ADA) and market capitalization have soared by more than 100%, driven by strong investor interest and positive market sentiment. This surge underscores ADA’s resilience and potential, as it continues to thrive amid broader market momentum. General market sentiment is an important factor that influences ADA’s price but positive news, partnerships, and developments related to Cardano can attract investors and traders, pushing the price up.
Analysts and traders often closely watch the activity of crypto whales because the behavior of crypto whales can influence market sentiment and an increase in the number of big transactions for ADA is something that could drive the price higher. When a whale makes a substantial buy, it can be seen as a bullish sign, potentially attracting more buyers.
What indicates a downfall for ADA
When the price of Bitcoin drops, that usually has a negative influence on the price of ADA and on the rest of the cryptocurrency market, but we can also not forget that regulations on the cryptocurrency market can be a threat to this cryptocurrency in the future.
The highly volatile nature of the cryptocurrencies may scare investors to sell ADA if some negative news happens in the cryptocurrency market and because of this, investing in ADA involves a significant degree of unpredictability and substantial risk. Before investing in Cardano (ADA), it’s crucial to do your research, understand the risks, and consider your investment goals and risk tolerance.
What do analysts and experts say?
The cryptocurrency market showed positive developments in the last several weeks, Bitcoin has stabilized above $100,000 and this situation also had a positive influence on Cardano (ADA). Crypto analysts are linking this positive trend to Donald Trump’s decisive victory in the U.S. presidential election and they speculate that a return of Trump’s policies could lead to another wave of cryptocurrency adoption.
Compared to XRP and SOL, ADA is still 64.7% below its 2021 all-time high of $3.09. Therefore, traders are expected to take note of ADA’s favorable risk-to-reward ratio if the altcoin can retest its ATH in 2025. Analyst and trader Peter Brandt recently said that Cardano appears to have “bottomed out” and according to him, Cardano (ADA) should continue on its bullish ascent as long as other crypto assets continue to move higher. Positive information is that Cardano (ADA) has experienced significant volatility in recent trading sessions, with a dramatic 15% drop followed by an impressive recovery of over 20% within just 24 hours.
This rapid price action has brought renewed attention to ADA, as investors assess its potential for further gains. The latest news has unveiled key insights, highlighting that whales have purchased a staggering 100 million Cardano (ADA) tokens over the past 48 hours. This substantial accumulation by major investors reflects increasing confidence in ADA’s long-term prospects and its capacity to sustain its bullish momentum.
Disclaimer: Crypto is extremely volatile and not suitable for everyone to invest in. Never speculate with money that you cannot afford to lose. The information on this site is presented for educational purposes only and should not be construed as investment or financial advice.