Cardano Price Prediction
Cardano's price is back in focus as blockchain data reveals a surprising shift, with large ADA holders now investing in a new crypto presale.
According to onchain data, ADA holders are backing this new crypto presale in October, signaling a shift from pure token holding to early-stage crypto investment with asymmetric upside.
Cardano is currently trading in the $0.83 to $0.87 range, with bulls making a stand at that range. Technical setups imply that ADA has constructed a bear-trap area between $0.75 and $0.78, which is acting as a trap for sellers.
If buyers force a breakout, there is room for ADA to retest $0.95 to $1.18 resistance. However, Cardano price forecasts are mixed, with some models pegging ADA's 2025 average near $0.94, 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.
Author's summary: Cardano's price may break out due to investor shift.