ADA Crypto Price Prediction: Data Shows These Signs of A New Bullish Momentum

Cardano (ADA), the native token of the Cardano blockchain, is once again catching the eye of crypto investors. After enduring months of correction, recent market activity indicates a potential reversal could be underway. 

Fueled by strong technical indicators, rising futures open interest, and an improving macro landscape, ADA may be primed for a bullish breakout. Here’s a detailed look into ADA’s price trajectory based on both historical patterns and new data.

ADA’s Correlation with Bitcoin Signals Strength

Over the last 30 days, ADA has maintained a high correlation coefficient of 0.87 with Bitcoin (BTC), according to data from IntoTheBlock. In simple terms, a correlation of 1.0 means two assets move in perfect sync, while 0 means they move independently. This strong positive relationship implies that ADA tends to follow Bitcoin’s lead—especially during market rallies.

With Bitcoin showing signs of strength near the $95,000 resistance level, ADA is likely to benefit from broader bullish sentiment. 

Historically, when Bitcoin surges, major altcoins like Cardano typically follow suit, amplifying returns during bull cycles.

Also read:

Can Cardano's ADA Go Up Past $1? Analyzing Its Recent Volume Surge

ADA’s Futures Open Interest Is Rising Fast

Another major sign of renewed interest in Cardano comes from derivatives data. Futures Open Interest (OI)—a metric that tracks the total value of open contracts—has jumped from $603 million to over $800 million in recent days. This surge suggests institutional and retail traders alike are anticipating larger price swings ahead.

The spike in OI followed a controversial but market-moving statement from former U.S. President Donald Trump, who hinted on April 9 that "it’s a good time to buy" digital assets. Though politically charged, such remarks tend to stir investor sentiment and have historically driven short-term price momentum.

Technical Analysis: ADA Mirrors DOGE’s 2017 Pattern

Technical analysts are beginning to compare ADA’s current chart structure with that of Dogecoin (DOGE) during the 2017 bull run. One notable similarity is the formation of a symmetrical falling channel on ADA’s 3-day chart—a pattern that often precedes a breakout when combined with bullish volume.

Ali Martinez, a respected crypto analyst, noted that ADA is currently hovering around $0.74, which has become a crucial resistance level. A decisive close above this price could open the door for a rally toward $0.88, representing a 24% gain from current levels.

Cardano in the Altseason Playbook

Crypto markets often experience an “altseason,” a phase during bull runs when altcoins outperform Bitcoin in terms of gains. With many analysts expecting such a phase to occur in mid-2025, ADA’s current position could be strategic for traders looking to gain exposure to high-potential assets before the broader wave lifts prices across the board.

ADA’s fundamentals also support its case. The Cardano ecosystem is expanding, with increased developer activity, smart contract growth, and interoperability features like Hydra and Mithril coming into play. These upgrades aim to improve Cardano’s scalability and transaction efficiency, potentially driving more demand for its native token.

ADA Price Forecast: Short to Mid-Term Targets

Taking a closer look at price targets, if ADA breaks above $0.74 with volume confirmation, the next immediate resistance lies at $0.88. If bullish momentum continues, $1.10 becomes a realistic medium-term target.

Source: X Ali Charts

However, failure to break this current resistance zone could trigger a short-term retracement to the $0.67–$0.70 region. 

Traders should monitor volume and open interest changes closely to assess strength or weakness in momentum.

ADA’s Market Cap & Liquidity Outlook

As of the latest data, ADA holds a fully diluted valuation (FDV) of approximately $31.8 billion, with a 24-hour trading volume hovering around $913 million. While these numbers reflect robust market participation, they also highlight that ADA remains significantly undervalued compared to its 2021 peak—when it reached over $3 per coin.

From a long-term investment perspective, this discrepancy suggests room for recovery, particularly if the overall crypto market continues to expand amid increased institutional participation and regulatory clarity.

Also read:

Analyst Thinks Cardano is Better than Ethereum! Looking at the Data from ETH VS ADA

Conclusion: Is Cardano Ready to Rebound?

The combination of rising open interest, technical bullish signals, and macro-level market optimism places Cardano in a favorable position for a short- to mid-term rally. While risks remain—especially tied to overall crypto volatility and regulatory shifts—the upside potential is notable, especially if Bitcoin maintains momentum or triggers the next altseason.

Investors should approach ADA with a well-informed strategy, considering both the technical and fundamental perspectives discussed here.

FAQs

Q1: What is Open Interest (OI) in crypto trading?

Open Interest refers to the total number of outstanding futures contracts in the market. A rise in OI suggests increased trader activity and potential volatility.

Q2: What does a falling channel indicate in technical analysis?

A falling channel usually indicates consolidation and can precede a bullish breakout if volume and other indicators align.

Q3: How does ADA’s correlation with BTC affect its price?

A high correlation means ADA is likely to move in tandem with Bitcoin. When BTC rises, correlated altcoins like ADA often follow.

Q4: Is Cardano still a good investment in 2025?

Cardano remains a promising project with ongoing development. If its network adoption continues and broader market conditions improve, ADA could see further price appreciation.

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