Cardano Price Struggling Against Bitcoin: Will ADA Reach a New ATH?

Cardano price used to have better days in the past, while it currently struggles to stay above $1. Nevertheless, its 2018 and 2021 runs were both impressive, granting investors 50-100x returns. Is there a chance for a third run? Always. How big though – that is a key question. Follow along and find out what …

Cardano price used to have better days in the past, while it currently struggles to stay above $1. Nevertheless, its 2018 and 2021 runs were both impressive, granting investors 50-100x returns. Is there a chance for a third run? Always. How big though – that is a key question. Follow along and find out what technical analysis says.

Is $5-8 realistic? With fully diluted valuation (FDV) of $30 billion, total supply of 45 billion tokens and current tokens in circulation of 36 billion, such an increase would mean FDV of $300 bullion. As a top L1 coin, attracting $270 billion, especially if the ETF gets approved, it seems realistic. What do the ADA charts show?

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Market Cap





Is Cardano Price Bottomed: The Road To New ATH

(Source – Tradingview, ADAUSD)

The monthly chart looks promising with the last candle keeping the body above MA50. Still half a month left before it closes – good to keep an eye on. Another key level seems to be $1.13 – previous support and current resistance. Once this level is taken, then previous ATH, at $3 becomes the next target.

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(Source – Tradingview, ADABTC)

A chart to consider when it comes to alt season is ADA against BTC. 2018 and 2021 are a good example why. Cardano price should see a similar move soon for its holders to be happy. Currently sitting at range lows, it makes sense that it can run to the top of the range again in a month or two.

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Cardano price has been struggling to stay above $1 for the past one year. This article looks at TA insight for chances of new ATH.

(Source – Tradingview, ADAUSD)

Next, we will look and analyse the Daily chart. There isn’t very much going on on this timeframe, except ranging for almost 1 year and the long wick down from last week’s liquidation cascade. Cardano price is beneath all Moving averages at this point and until it goes back above, there is a chance $0.52 gets tested again.

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What Is Next For ADA: Concluding Thoughts

(Source – Tradingview, ADAUSD)

Lastly, we will analyse the 4H timeframe. This long wick looks a bit ridiculous next to the small range ADA used to be in. Although the drop occurred after Cardano price fell below all MAs. Now there is a support level at $0.63 being formed. The question is will it hold and eventually regain the Moving Averages, or will it retest $0.52? It is a waiting game at this point.

Happy trading and stay safe out there!

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Cardano Price Struggling Against Bitcoin: Will ADA Reach a New ATH?

  • ADA USD price still ranging between 0.50 and $1.
  • ADA BTC pair looks bottomed and can be expected to move up soon
  • Decision date for Cardano ETF – October 23rd
  • Reclaim of all MAs on 4H is key in order to test $1 again

 

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Allen B. Dickerson

Allen B. Dickerson

Allen B. Dickerson is a blockchain analyst and fintech strategist with over a decade of experience studying emerging markets. Known for his deep dives into cryptocurrency adoption in Africa, Allen brings readers balanced perspectives on regulation, innovation, and market growth. His writing bridges the gap between complex blockchain concepts and everyday financial realities.