The Cardano Foundation is an independent charitable organization created to promote and support the Cardano project. Cardano is a third generation blockchain protocol, cutting edge smart contract technology, and a decentralized platform for decentralized applications (dApps). Cardano has been gaining massive hype in the blockchain community, and is rapidly becoming one of the most intriguing and promising cryptocurrencies to watch in the coming years.

Cardano is a decentralized blockchain platform which is being developed by the Cardano Foundation, a Swiss non-profit foundation. Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source. The project is led by Charles Hoskinson, who is also the co-founder of Ethereum, and a strong scientific background. Cardano’s goal is to become the most dependable and secure currency and payments platform available.

Cardano has been rapidly gaining traction as a top cryptocurrency due to the fact that it is still being developed. The Cardano platform is one of the few that can truly be said to be decentralised since it was designed to be run by the community in a manner similar to how Bitcoin works.. Read more about cardano price prediction 2025 and let us know what you think.

  • The range of bullish Cardano ADA price predictions is $1.6 to $4.92.
  • The price of ADA may potentially exceed $5 in the near future.
  • For 2021, the ADA pessimistic market price forecast is $1.3.

We utilize data, price trends, RSI, and other information about ADA to evaluate the cryptocurrency’s future movement in Cardano ADA price forecast 2021. 

Cardano is a public blockchain and DApp development platform that is in its third generation3. Furthermore, being the first blockchain to incorporate peer-reviewed research, the platform has attracted worldwide media interest. Cardano’s native token is ADA. The ADA coin is one of the most popular cryptocurrencies on the market.

Third-generation cryptocurrencies learn from Bitcoin and Ethereum’s mistakes and build on them. Third-generation cryptos, such as ADA, take use of new advancements like layered architecture to enhance scalability, security, and flexibility. They create additional benefits, reduce failures, and decrease inefficiencies in this manner.

At the time of writing, the Cardano ADA coin price is $1.41, with a 24-hour trading volume of $2,648,389,377, according to CoinGecko. ADA, on the other hand, has dropped by 7% in the past 24 hours.

Furthermore, the circulating supply of the ADA coin is 32,066,390,668 ADA. ADA coin is currently traded on Binance, Huobi Global, OKEx, ZG.com, and CoinTiger, among other cryptocurrency exchanges.

2021 Cardano ADA Coin Price Forecast

Cardano (ADA) is now ranked fifth on CoinGecko. Cardano ADA coin price forecast for 2021 with a daily time period is shown below.

Daily Time Frame ADA/USDT Price Chart (Source: TradingView)

The Symmetrical Triangle patterns are shown in the graph above. A symmetrical triangle is made up of an upward diagonal descending trend line and a downward diagonal upward trend line. When the price rises, it will eventually break through the upper trend line, and the price will either climb or break in an uptrend. A lower trend line that breaks through, resulting in a downward trend in which prices decrease.

If the ADA price breaks through the $1.6 resistance level on the daily time frame chart, it will approach the $1.8 and $2.4 targets. Otherwise, if the ADA price breaks through the $1.3 support level, it will fall to the following support levels of $1.18 and $1.10. As a result, the ADA’s trend is predicated on the breakout.

Levels of ADA Support and Resistance

The chart below depicts ADA’s support and resistance levels.

Cardano Price Prediction 2021 – Will ADA Hit $5 Soon?Support and Resistance Levels in the ADA/USDT (Source: TradingView)

The following are the resistance and support levels of ADA, as seen in the aforementioned daily time periods.

  • Level 1 Resistance – $9.30
  • $4.92 – Level 2 Resistance
  • $2.52 – Level 3 Resistance
  • Level 1 Support – $0.89
  • Level 2 Support – $0.40
  • Level 3 Support – $0.16

Over the last month, the charts indicate that the ADA coin has been on a bullish trend. If the current trend continues, ADA may catch up with the bulls and break over the $9.30 barrier mark.

In the event that investors turn against cryptocurrency, the price of ADA may drop to almost $0.16, indicating a negative indication.

Average Directional Index Cardano Cardano Cardano Cardano Cardano Cardano Cardano (ADX)

Let’s take a look at ADA’s average directional index (ADX). The Average Direction Index (ADX) is a tool that traders use to assess the strength of a trend rather than its direction. It may be used to see whether the market is shifting or if a new trend is beginning. It’s linked to the Directional Movement Index (DMI) and consists mostly of the ADX line. 

The oscillator has a range of 0 to 100. A strong trend is indicated by a high value, whereas a weak trend is shown by a low value. It is often used in conjunction with directional indicators. 

Cardano Price Prediction 2021 – Will ADA Hit $5 Soon?ADX ADA/USDT (Source: TradingView)

The ADX of ADA remains above the range of 21, indicating a sideways trend, as seen in the chart above.

Conclusion

The ADA currency is one of the few cryptos that has managed to hold its ground in a negative market. Our long-term ADA price forecast for 2021 is also positive. This year, it has a good chance of surpassing its current all-time high (ATH) of $2.45. However, this will only happen if it overcomes a number of previous psychological barriers.

Furthermore, the ADA ecosystem may have a bright future ahead of it in 2021, thanks to continuous innovations and enhancements. It may soon hit $5, and it may even reach high levels, but it may only reach $9.30 if investors decide that ADA coin is a worthwhile investment in 2021.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

Articles to Consider

Cardano is a cryptocurrency that is made by a company called Charles Hoskinson, and it is a fork of Ethereum. It is listed on Binance Exchange. They are working on releasing a decentralized application, which is called “Plasma.io”. The current market price of Cardano is $0.0852 with a market cap of $10.8 billion.. Read more about cardano price prediction reddit 2021 and let us know what you think.

Related Tags

This article broadly covered the following related topics:

  • cardano price prediction 2025
  • cardano price prediction after shelley
  • cardano price prediction for today and tomorrow and week and years
  • cardano price prediction end of 2021
  • cardano price prediction reddit 2021