Cardano Price Prediction
On-chain data reveals a surprising shift in large ADA holders' investment strategies, with a significant amount of capital being funneled into a new crypto presale in October.
Cardano is currently trading in the $0.83 to $0.87 range, with bulls defending this range. Technical analysis suggests that ADA has formed a bear-trap area between $0.75 and $0.78, which could lead to a breakout.
If a breakout occurs, ADA may retest the $0.95 to $1.18 resistance range. However, Cardano price forecasts are mixed, with some models predicting an average price of $0.94 in 2025, and highs approaching $1.
ADA's top! holder base may be hedging into emerging utility plays, signaling a shift from pure token holding to early stage crypto investment with asymmetric upside.
Summary:
Author's summary: Cardano holders invest in new crypto presale.
- Current trading range: $0.83 to $0.87
- Potential breakout range: $0.95 to $1.18
- 2025 average price forecast: $0.94