Cardano is one of the most notable altcoins leading the crypto space. The token is currently trading at $0.47, down 1% in the last 24 hours. ADA is yet to project a bullish streak by crossing critical price barriers to reach the top of the radar.
However, the slow price momentum is yet to deter ADA crypto enthusiasts, who are passionately rooting for the crypto to ascend to new heights.
Also Read: The Future of Cardano: Can ADA’s Upcoming Chang Fork Help It Reach $3?
Cardano Price Performance By The End Of This Week
According to CoinCodex, Cardano is expected to note another downtick of 2%, which may further push its price down to $0.46.
Per CC, Cardano is undergoing slight pressure and may take a while to pick up its pace. The platform further adds that the ADA may note a modest uptick by May 27. However, by May 2, the platform shares that ADA may trade at $0.44.
“The Cardano price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Cardano projections, ADA will be changing hands at $0.448847 on May 3, 2024, losing -5.86% in the process.”
Cardano Forecast for May
Despite the gradual price performance of Cardano this season, the ADA loyalists are still bullish on the token, adding that its value is bound to skyrocket sooner rather than later. The ADA ecosystem will soon be integrating a Chang Hard Fork for Cardano, which may significantly impact the existing price pace of Cardano.
Per CoinCodex, Cardano may spike by 4% to trade at $0.49 by May 27, 2024.
Also Read: How High Can Cardano ADA Peak Post The Bitcoin Halving Event?
“The price of Cardano is predicted to rise by 4.63% and reach $0.498896 by May 26, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index shows 70 (greed). Cardano recorded 13/30 (43%) green days with 12.62% price volatility over the last 30 days.”