Cardano (ADA) Price Prediction 2022, 2023, 2024

Avatar photo

Cardano has got to be one of the most well-thought-out cryptocurrencies out there.

Its peer-reviewed system is evident in ADA relative bullishness and stability in just about nine months time.

Even with ADA’s recent bearishness in the daily and hourly trading view, most indicators point towards a bullish brewing swing with the incoming roadmap milestones and the ripple effect of Cardano’s recent partnership and Smart contract launch.

Today, December 9 2021, ADA is trading at $1.40.

Is this an accumulation zone indication for Cardano or the beginning of a further bearish fall?

Read on to find out more.

ADA Price Overview

ADA Price Prediction

Q1/Q2 2022

ADA may play out in many ways for the coming years.

The best technical analysis can reveal those ways to us, but we won’t be able to know for sure which of the predicted movement will pan out.

Currently, ADA is bearish from the daily to the 4hr timeframe. However, a sign of bullishness is already forming on the 1hr timeframe after a BOS.

But the market is still heavily bearish even on the 1hr. The BOS might be a deep retracement of the higher timeframe before continuing in the sell. It was a demand zone on the daily timeframe that sponsored the sell rejection at 1.19 market value.

If the demand zone holds, the price might not sell lower but rather rally up since we are still bullish on the weekly chart frame.

From history, the first move at the beginning of a new year has always been bullish after consolidating.

And the price is already behaving in a similar pattern. Therefore, we expect the price to be bullish for 2022 Q1 and Q2.

In addition, we also expect the price to rally back up the weekly supply zone of $2.4, where a resistance zone is waiting for the price to retest it.

Q3 & Q4 2022

The supply zone is likely to resist price again to the downside where it can gather the demand strength it needs to break through the weekly supply zone to make a new ATH.


ADA should achieve a higher high in the last quarter of 2022 and hit the $4 target. However, before the price breaks the weekly supply zone, it might have to test the $1.7-$1.9 zone below, extending a 2020 supply zone.

Q1 & Q2 2023

The first and second quarters of 2023 may start with a sell momentum after hitting the ATH and may not push the price further to the upside. But since the ‘sell’ will be like a primary retracement on the weekly timeframe, we don’t expect ADA to fall past $2.30; perhaps it might cool off a little at a resistance turned support zone.

This support might initiate the Q2 with inflows of demand to the market driving the price back to the upside, but this time around might not break the 2022 ATH.

But there may be many pullbacks for the second quarter overlapping to the last two quarters of the year.

Q3 & Q4 2023

Since traders might still be taking their profits off the last ATH created, which will, of course, bring pullbacks to the price movement, ultimately slowing down the upside movement of the price.

Excess pullbacks will always leave behind liquidity created by retail traders, which the market will always want to mitigate to sustain the market’s integrity.

Therefore 2023 may end its race below $4 for the year if it cannot break the ATH of 2022.

Q1 & Q2 2024

ADA’s price movement for 2024 might get more interesting considering the predicted playout of 2023.

2024 should be a bullish ADA year. Though, it is likely to start its first quarter with a bearish move or break the 2022 ATH immediately with its first move.

Whichever way, a retracement is expected to test the last ATH zone to act as support that will be the controlling demand for the year as a whole.

We expect the ADA price to hit a new ATH of $5 and above at either the Q2 or Q3 of 2024.

As usual, with the character play of ADA, Q4 may feature a sell to the downside to fill up any imbalance in the weekly structure.

In conclusion, ADA is currently trading at the price level. Most financial experts think it’d be wise to buy and accumulate ADA tokens, HODL through sideways trading, and take your profits during its looming bull run.

ADA Price Analysis

The above ADA price analysis chart is set to a daily timeframe.

Towards 2018 Q4, ADA moved in a falling wedge pattern with strong bearish momentum.

2019 opened with a consolidation that lasted for about three months before breaking out of the range of $0.04 – $0.05.

After it broke out of the range, the price moved about 85% into the $0.1 upside price.

The new high took out the last significant high, suggesting that the bearish trend was over, and the market is now bullish.

Confluence with the moving averages indicators depicting a golden cross also suggested there might be a change in trend.

Q1 & Q2 2020

ADA’s $0.1 high consolidation continued and created liquidity in the market. This liquidity sponsored the sell that moved and broke the market structure to the downside, hitting an ATL of $0.01.

Before the sell broke, while it was rallying down, it made reactions at the already marked consolidation zone on Nov. 2018, which acted as a support (now a resistance), pushing the price further down to $0.03.

ADA then found support at $0.03 and pushed the price back to $0.07 at a supply zone created on July 13.

This supply outweighed the demand in the market and sponsored the sell move down to $0.01.

The market made this all-time-low on March 20, 2020 and tried hard to buy but got resisted for a few days but finally created a support zone, now acting as a resistance zone.

This resistance zone marked the end of Q1 for 2020.

  • In the early weeks of April, the price: broke out of the resistance
  • Retested the zone as a support
  • Held the support

All of these further drove ADA by 55% to the $0.05 upside price, the same zone created since Nov. 2019; this zone has gotten the price to respect it anytime it passes this zone.

As is usual, the ADA price consolidated for a few days at this zone, sold a little to the downside to gather demand strength at the $0.04 demand zone, which worked and pushed the price 55% into the upside at the $0.08-0.09 zone, and mitigated the last high indicating a bullish trend confirmation.

After the price got here, it created a bull flag price ranging from $0.08 to $0.09 for weeks. This bull flag is a continuation pattern, which indicates that the price was still bullish.

The market is just resting to gather more demand strength to continue its move to the upside, and it did after retesting 0.070 IPA with a long wick.

The bull flag ended the Q2 of 2020, which is a good sign that the price would be bullish for the next quarter.

Q3 & Q4 2020

2021 Q2, which ended with a bull flag, sponsored a 51.7% increase, driving the price to $0.13.

Again, the price consolidated as a bull flag, making a 21.44% move and jumped to $0.155.

With the above-described trend, ADA appreciated 755% in six months from an ATL.

Now, the question is if the ‘buy’ would continue, or the bear season is about to start.

The RSI, which is currently trading around 72 and 75, creating a resistance, indicated that the market is overbought, and so ‘sells’ might soon gain ground, which it did before the price found support at a bull flag zone, driving the price to $0.29 on January 1, 2021, after breaking all past highs.

Q1 & Q2 2021

The year started with a 3-day consolidation that drove ADA’s first most extended buy to almost $5 on February 27, 2021.

Upon hitting this ATH, ADA formed a channel-like consolidation leaving trendline liquidity with a projection that price would return to mitigate the liquidity and continue the buy from an order flow zone.

2021 Q2 started with a breakout from the channel-like consolidation, driving the price to hit around $2.45.

But the price encountered a solid bullish rejection upon making this debut, returning the price to the buy zone.

The zone formed a support that held and kicked the price back up to $1.85.

At $1.85 it got resisted back to the buy zone that sent it and could not break through the zone again, further confirming that buy zone as a strong support.

The buy zone again sent the price back to the resistant zone, which tested twice and resisted the price back to the support.

The support got tested twice yet again before sponsoring the most extended buy in ADA history.

These support and resistance zones were the strongest so far, as the resistance zone and support zone were tested three and four times, respectively, before breaking out in Q3.

Q3 & Q4 2021

After ADA’s Price broke out of the long-held resistance zone, leaving a ‘behind zone’ that the market would later return to retest, ADA hit a $3.10 new ATH on September 2.

Since then, the price has been maintaining a bearish structure, as it first came to test a valid order block zone because it took out liquidity twice, after which a controlling supply zone was created still unbroken to date (December 9).

This supply zone has been tested three times, creating a strong resistance zone with a corresponding support zone below created from a past demand zone.

After it was tested twice, this support zone could not hold the sell that came its way as the price broke further to the downside to the 1.19 price zone.

Three paragraphs on Cardano

Cardano is a layered (settlement and computation layers) smart contract supportive decentralized blockchain network that aims to improve Bitcoin’s PoW scalability, interoperability, and sustainability with its ouroboros PoS protocol.

Cardano is run by

  • Cardano Foundation: Promotes Cardano development and innovation
  • IOHK: Works on Cardano project until at least 2020.
  • Emurgo: Dedicated to bringing new organisations.

ADA is Cardano’s native token; for staking and gas payment.

ADA features:

  • 45 billion total supplies
  • Staking rewards is 4.5% APR; no lockup or unlocked period
  • The minimum staking threshold is just one ADA
  • Flexible staking and reliable reward.
  • ADA holders stake about 70% of the circulating coins
  • ADA in over 3000 staking pools.

Cardano (ADA) Price Prediction for 2022

In the fast-paced world of Cardano, trading time waits for no man. This blockchain digital asset has made waves over the years in the financial market news due to its high growth speed. While some are still pondering the fundamentals and legitimacy of this currency, now is the time to buy the cryptocurrency coins as financial predictions are showing price increases in ADA.

In December 2021, Cardano was predicted to remain stable and there was evidence of relative bullishness which was expected to last until August 2022. Furthermore, in the first and second quarters of 2022, the price of ADA is predicted to play out in many ways but is generally bullish. From a price of $1.91 in December, Cardano is expected to have a weekly supply of $2.40 a token. It is expected to reach a higher high price in the last quarter of 2022 to achieve a target of $4. The weekly supply zone will likely be $1.70-$1.90 below.

Long-term price predictions for Cardano indicate a fall in price past $2.30 in 2023. However, in 2024, Cardano is expected to start with a bearish move following the 2023 playout and then turn bullish to a new ATH hit of $5.

In summary, Cardano is expected to gain value. Now would be the best time to buy the token as the coins are trading at a price level.

Where to Buy Cardano

Just like any investment, it is of paramount importance to know the right place to invest your funds. In addition to that, the crypto world is still new and risky hence you would need to make well-informed decisions before making investments. You desire a site more secure, more reputable, and reliable to not lose your hard-earned money. Additionally, you have vast trading platforms and exchanges to choose from.

We highly recommend eToro when it comes to buying and storing your Cardano. This trading platform can give you much-needed peace of mind after making such a risky investment. Etoro is a reputable and reliable trading firm and would assist you in meeting your cryptocurrency investment goals.

Step 1: Open an Account

The process to buy Cardano on eToro begins with you going on the eToro website to open a new trading account.

Open an Account

Enter all your data required to open a new trading account on an electronic form provided. Before submitting your information for review familiarize yourself and accept the provided Terms and Conditions as well as privacy policy.

Finally, click the “Create Account” button.

Open an Account

Verify your account, go to your e-mail and open eToro’s e-mail verification and click “Verify your account”:

Step 2: Upload ID

Next, verify your account by uploading both proof of identity and proof of address and wait for the eToro team to verify your documents. You will be required to fill out the questionnaire to assist eToro custom making a service package for you. Some of the information asked includes your trading experience, financial liquidity, investment goals, and accepted level of risk just to mention a few.

Proof of identity

Step 3: Make a Deposit

Once your account is verified, you can then deposit funds into your trading account.

eToro has several payment options to choose from, select one which suits you well.

Make a Deposit

Step 4: Search for Cardano

After funding your trading account, search for Cardano on the cryptocurrency market.

Search for Cardano

Step 5: Buy Cardano

After the search, click “Open trade” to make your investment.

Buy Cardano


  1. Will ADA fall below $1?

    As of December 9, 2021, the ADA live price charts show preparation for some sidewards trading before a very likely bullish consolidation run despite its recent bearishness.

    In the worst-case scenario, ADA will retest the solid support at around $1.09 to $1.2 it’s held since March, but it is doubtful to fall below $1; not with Cardano’s new partnership and constant technology and innovation improvement.

    Even if it happens against all odds, you can be sure of an immediate recovery to hit a new ATH within record time after such a fall.

    Disclaimer: Cryptocurrencies is highly volatile; only trade what you can afford to lose.

  2. Will Cardano reach $3 before 2022?

    ‘No’ is the short answer.

    Since dipping below $2 in November 2021, Cardano has hit strong resistance at $1.4 and $1.79, respectively. People are getting scared of holding their ADA token past that price level.

    Until ADA can form strong support at $1.4, it’s unlikely to break its $1.79 resistance.

    The chart doesn’t indicate an immediate significant short-term bull run preparation, and thus, ADA is unlikely to end the year at above $2; therefore, ADA hitting $3 before 2022 is a dream too big to come true.