Cardano Price Prediction: ADA Eyes $0.73 After Surpassing 110M Transactions Milestone

Cardano (ADA) has hit a big milestone, with over 110 million transactions on the blockchain according to Cardanoscan. 110.09 million...

Quick overview

  • Cardano (ADA) has surpassed 110 million transactions, indicating significant growth and adoption.
  • Despite this milestone, ADA's price is struggling, currently at $0.691, down 11% for the week.
  • Technical indicators suggest caution, with resistance at $0.7071 and potential targets of $0.73 or $0.7591 if broken.
  • The ecosystem remains promising with upcoming partnerships and native stablecoins expected by the end of 2025.

Cardano (ADA) has hit a big milestone, with over 110 million transactions on the blockchain according to Cardanoscan. 110.09 million to be exact. That’s growth and adoption.

But the price story is more complicated. Despite all that growth ADA’s price is lagging. It’s at $0.691, up 3.46% in 24 hours but down 11% for the week. Trading volume is up 8.5% to $545 million, derivatives are up 2% in open interest ($818 million) and 13% in trading volume ($1.14 billion) so there’s definitely some speculation.

Cardano Technical Indicators Say Caution

The 4 hour chart is mixed:

  • Downtrend Resistance: ADA is still below $0.7071 resistance and the 50 period EMA. Multiple breakouts have failed.

  • MACD Momentum: MACD is slowly crossing up, which is often a precursor to up moves.

  • Candlestick Patterns: Small bodied candles, indecision.

If ADA breaks above $0.7071 it could go to $0.73 or $0.7591. But if it fails here it could go back to $0.6656 or $0.6448.

Ecosystem Updates Keep Hope Alive

The broader ecosystem is still looking good. The Foundation’s 2025 roadmap has real world use cases like real estate and supply chain management. Partnerships with BitcoinOS for zero knowledge Bitcoin rollups and Brave Browser’s beta support for ADA are expanding utility. Wanchain’s cross chain stablecoin routes are coming soon and will allow for seamless USDC and USDT transfers on Cardano.

Cardano Price Chart - Source: Tradingview
Cardano Price Chart – Source: Tradingview

Native stablecoins USDA and USDM are expected by the end of 2025 which will open up more financial infrastructure and cross chain integration.

Key Takeaways

  • Cardano records 110M+ transactions, $22B ADA staked across nearly 3,000 pools.

  • ADA faces strong resistance near $0.7071; a breakout could target $0.73–$0.7591.

  • Ecosystem partnerships and native stablecoins drive long-term growth potential.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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