{"id":51172,"date":"2025-04-23T14:04:09","date_gmt":"2025-04-23T14:04:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cardano-price-prediction-are-ada-bulls-about-to-reclaim-1\/"},"modified":"2025-04-23T14:04:09","modified_gmt":"2025-04-23T14:04:09","slug":"cardano-price-prediction-are-ada-bulls-about-to-reclaim-1","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cardano-price-prediction-are-ada-bulls-about-to-reclaim-1\/","title":{"rendered":"Cardano price prediction: are ADA bulls about to reclaim $1?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/cardano-ada-price-bulls-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/cardano-ada-price-bulls-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/cardano-ada-price-bulls-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/cardano-ada-price-bulls-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Cardano price rose 11% as the broader cryptocurrency market flipped bullish.<\/li>\n<li>ADA rallied as Bitcoin broke above $94k and top alts jumped.<\/li>\n<li>The technical picture suggests bulls could eye $1 in the short term.<\/li>\n<\/ul>\n<p>Cardano (ADA) price is up as most altcoins gain amid a broader <a href=\"https:\/\/coinjournal.net\/cryptocurrencies\/\">cryptocurrency market<\/a> uptick.<\/p>\n<p>ADA price has joined other top alts in riding a wave of bullish momentum, with its value climbing to above $0.70.<\/p>\n<p>On Wednesday, April 23, Cardano\u2019s price recorded an 11% surge. Volume rose more than 75% to over $1 billion.<\/p>\n<p>The technical outlook is promising, and on-chain metrics point to growing confidence among investors.<\/p>\n<p>With positive funding rates and increasing bullish bets, the question is whether ADA bulls can push the price back to the psychologically significant $1 mark.<\/p>\n<h2>On-chain data and ADA price outlook<\/h2>\n<p>On-chain data reveals a strong bullish bias for Cardano, driven by whale activity.<\/p>\n<p>Whales have added to their ADA holdings significantly in the past month.<\/p>\n<p>Major cohorts now hold over 12.67 billion, an accumulation spree that has come amid the latest price dip.<\/p>\n<p>As whales capitalize on lower prices, boosting investor confidence, Cardano looks poised to explode.<\/p>\n<p>Further supporting this optimism is <a href=\"https:\/\/www.coinglass.com\/currencies\/ADA\" target=\"_blank\" rel=\"noopener\">Coinglass\u2019s ADA<\/a> long-to-short ratio, which stands at 1.06.<\/p>\n<p>This is Cardano\u2019s highest long-to-short ratio in over a month.<\/p>\n<p>A ratio above one signals that more traders are betting on price increases, reflecting bullish market sentiment.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">What sets Cardano apart?<\/p>\n<p>\u2022 Built on peer-reviewed research \ud83d\udcdc<br \/>\u2022 Powered by energy-efficient PoS \ud83c\udf31<br \/>\u2022 Supported by a global, open-source community \ud83e\udec2<br \/>\u2022 Resilient, decentralized governance \u2696\ufe0f<\/p>\n<p>Learn more about Cardano today:<a href=\"https:\/\/t.co\/lyOYem83ds\">https:\/\/t.co\/lyOYem83ds<\/a><\/p>\n<p>\u2014 Cardano Foundation (@Cardano_CF) <a href=\"https:\/\/twitter.com\/Cardano_CF\/status\/1914989123430912254?ref_src=twsrc%5Etfw\">April 23, 2025<\/a><\/p>\n<\/blockquote>\n<p>Funding rates also signal growing bullish momentum.<\/p>\n<p>ADA\u2019s funding rate flipped positive and now sits at 0.0096%, the highest since February 22.<\/p>\n<p>In the market, positive funding rates, where longs pay shorts, typically indicate bullish sentiment as more traders anticipate price gains.<\/p>\n<p>This contrasts with a negative rate, which would suggest bearish expectations.<\/p>\n<p>The current positive rate, combined with rising open interest, underscores the growing confidence in ADA\u2019s potential for a price recovery.<\/p>\n<h2>Can ADA break the $1 barrier?<\/h2>\n<p>From a technical perspective, Cardano\u2019s price action is encouraging.<\/p>\n<p>After finding support at $0.50 on April 7, ADA rallied 21% over the next two weeks. It now trades above the key level of $0.67.<\/p>\n<p>If bulls maintain this momentum and break above $0.71, ADA could target the weekly resistance at $0.75, with $1 as the next major milestone.<\/p>\n<p>The Relative Strength Index (RSI) at 56, trending above the neutral 50 level, further supports this bullish outlook.<\/p>\n<figure id=\"attachment_297776\" aria-describedby=\"caption-attachment-297776\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-297776\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/04\/ADAUSD_2025-04-23_15-04-15.png\" alt=\"\" width=\"1057\" height=\"545\"\/><figcaption id=\"caption-attachment-297776\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/ADAUSD\/\" target=\"_blank\" rel=\"noopener\">Cardano price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>However, risks remain. A daily candlestick close below Monday\u2019s low of $0.61 would invalidate the bullish thesis, potentially driving ADA back to the $0.50 support level.<\/p>\n<p>The combination of whale accumulation, positive funding rates, and strong technicals suggests Cardano bulls are gearing up for a run at $1, but traders should remain vigilant for any signs of reversal.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/cardano-price-prediction-are-ada-bulls-about-to-reclaim-1\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Cardano price rose 11% as the broader cryptocurrency market flipped bullish. ADA rallied as Bitcoin broke above $94k and top alts jumped. The technical picture suggests bulls could eye $1 in the short term. Cardano (ADA) price is up as most [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":51173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51172"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51172"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51173"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}