Cardano (ADA), an open-source blockchain platform, aims to foster a secure and transparent digital environment. Launched as a Proof-of-Stake (PoS) consensus network, it is renowned for its smart contract deployment capabilities. This functionality places Cardano among the top blockchain projects with high development activity.

Currently, Cardano is priced at $0.338, with a 24-hour trading volume of $337 million. Its market cap stands at $12 billion, with a circulating supply of nearly 36 billion ADA coins. Despite a recent 3.94% price increase, technical indicators suggest potential bearish trends.

Source: TradingView

The Relative Strength Index (RSI) at 36.87 signals near-oversold conditions, while the Moving Average Convergence Divergence (MACD) below the signal line supports a bearish outlook.

Cardano Price Forecast for 2024-2026

In 2024, as per Changelly Blog, Cardano’s price is projected to range from a minimum of $0.306 to a maximum of $0.384, with an average around $0.462. This forecast reflects the current market conditions and technical indicators.

Looking ahead to 2025, historical trends suggest that ADA could approach $1. This expectation stems from the token’s past performance, where it experienced significant rallies. Should history repeat itself, ADA might reach $1.36 by December 2025.

For 2026, the ADA price is anticipated to continue its upward trajectory. If the project’s community grows by 50% or more, ADA could potentially hit $2.01. This projection hinges on continued growth and adoption of the platform.

Cardano’s Long-Term Outlook: 2027-2030

In 2027, ADA may attempt to surpass its all-time high but could face resistance, potentially leading to a decline. In this scenario, the price might drop to $0.93. Following a similar trend, Cardano’s price in 2028 could fall to $0.87 if the bearish conditions persist. However, a rebound is expected in 2029, with ADA’s price possibly reaching $2.36. This positive shift could be driven by increased market cap and trading volume.

By 2030, ADA might continue its upward momentum, reaching $3.72. This projection assumes widespread adoption and a robust cryptocurrency market. Hence, Cardano could benefit from these factors.