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Cardano Price Prediction: ADA Set for Major Boost as $2.91 Target Gains Momentum

Cardano Price Prediction: ADA Set for Major Boost as $2.91 Target Gains Momentum WikiBit 2025-05-24 02:00

ADA builds a bullish case with zero hacks, growing global volume, and breakout signals pointing toward a push past $1.00. Cardano is slowly but steadily

ADA builds a bullish case with zero hacks, growing global volume, and breakout signals pointing toward a push past $1.00.

Cardano is slowly but steadily making its way back into the spotlight. As market participants grow more cautious in the wake of recent exploits on other chains, ADA community is gaining ground. From clean security records to technical setups and rising trading volumes, ADAs current momentum is being built on a broader foundation. With both short-term and long-term charts showing promising patterns, the latest movements in ADA are starting to catch the attention.

Cardanos Track Record Sparks Excitement

Following yesterdays SUI exploit that saw millions drained in a smart contract vulnerability, the spotlight is shifting to chains with stronger security records, and Cardano is quietly gaining traction. On-chain analyst Mr Banana pointed out that from 2017 to 2025, Cardano ($ADA) has never experienced a hack or network downtime. In a market where exploits are becoming increasingly common, that kind of consistency is catching more attention.

Cardanos spotless security record since 2017 gains renewed attention as exploit concerns grow. Source: Mr Banana via X

It‘s not causing a price spike overnight, but within the Cardano community, there’s a noticeable uptick in confidence. The lack of major incidents is starting to feel like a strength as Cardanos clean track record is giving its supporters a reason to lean bullish.

ADA Cardano Price Action Aligns With Growing Confidence

Building on the recent wave of optimism around Cardano‘s security record, the price chart is now showing signs of strength to match. As highlighted by analyst Cryptoinsightuk, ADA has broken out of a long-standing downward channel that’s defined much of its price action in recent months. The move came with a clean push above $0.80, backed by healthy volume and an RSI approaching bullish territory.

ADA breaks out of multi-month downtrend, reclaiming $0.80 with bullish momentum building. Source: Cryptoinsightuk via X

The growing trust in Cardanos fundamentals, especially following the SUI hack, seems to be feeding into market behavior, which can potentially create room for ADA to push for that $1.00 mark. Cryptoinsightuk expects the ADA Cardano Price to perform well over the coming days, technically as well.

High Volumes on ADAJPY Pair

While technicals are looking up for ADA, fresh momentum is also coming from a less expected angle, Japan. Over the past 24 hours, trading volume for the ADA/JPY pair has surged, now ranking second globally in volume across all ADA trading pairs, according to data shared by Coin Bureau.

ADAJPY trading volume surges past $121 million, signaling rising retail interest from Japan. Source: Coin Bureau via X

This sharp rise in activity suggests growing interest among Japanese retail investors, with over $121 million traded in a single day. This is showing an increasingly higher demand than usual, which is likely to have a positive impact on Cardanos price.

Cardano Price Prediction Gets a Technical Boost

Cardanos ADABTC 1-hour chart is flashing an encouraging short-term signal. As shown in the latest setup, ADA just bounced cleanly off the lower Bollinger Band with support from a tightening consolidation range, something often viewed as a volatility squeeze before a breakout. The green markup hints at potential upside movement expected from Crypto Analyst, and if price can reclaim the 0.00000720 level, it may confirm short-term strength versus Bitcoin.

Cardano bounces from Bollinger Band support on ADABTC pair. Source: Crypto Analyst via X

Momentum indicators are also starting to back the move. The stochastic RSI at the bottom of the chart is curling upward from oversold territory. While this is still a lower timeframe view, the setup aligns well with the growing optimism in ADAs broader price structure, keeping the Cardano price prediction slightly tilted to the bullish side heading into the next few sessions.

Long-Term Structure Signals a Bigger Move Ahead

With short-term signals turning green and global interest on the rise, zooming out reveals an even stronger case for ADAs momentum. The yearly chart shared by analyst Crypto Boy shows Cardano steadily recovering from its 2022 lows, forming two consecutive bullish candles and now pressing up against a key horizontal level near $1.18.

Cardano presses against key $1.18 resistance on yearly chart, with eyes on $2.91. Source: Crypto Boy via X

Cardanos narrative is building at multiple levels. If price manages to flip $1.18 convincingly, the next major zone sits around $2.91, a move that would represent a full-circle retest of its 2021 peak and reshape the long-term Cardano price prediction outlook.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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