Here’s Where Cardano (ADA) Price Could Be Headed This New Week

For several weeks, the ADA price has remained at levels between $0.2517 and $0.2537, causing frustration for many traders. For a moment, the price tried to reach the level of $0.26, but then it returned back to its initial level at around $0.2525.

In our previous ADA weekly price prediction, we said the price was caught between short-term bearish pressure and medium-term bullish fundamentals, with $0.2488 as the key level to watch. That level acted as a pivot, and the lack of a sustained break above $0.26 kept ADA locked in its range, just as expected.

But beneath the surface, several forces are building. The Leios upgrade testnet is coming in June. The CLARITY Act could classify ADA as a commodity. Whales have been accumulating for months. The ADA price may be boring right now, but the next few weeks could determine the direction for the rest of the year.

ADA Chart Analysis – What the 4-Hour Chart Shows

We had a look at the 4-hour chart and the ADA price is trading at $0.2525, up 0.40% on the session. The 100 period SMA sits at $0.2489, acting as support. The ADA price has been holding above that level for several candles, which is a positive short term sign. 

The resistance above sits at $0.26, then $0.27, then $0.28. The support below sits at $0.25, then $0.2489, then $0.24. The RSI divergence indicator is at 55.48, neutral to slightly bullish. The indicator shows some bearish divergences forming at the recent highs, but the overall trend is still sideways. 

The volume is light at 14.63 million ADA, typical for a consolidation phase. The ADA price is coiled between support and resistance. A break above $0.26 would open the door to $0.27 and then $0.28. A break below $0.2489 would put $0.24 in play.

Read Also: Cardano (ADA) Faces a Tough Choice – Spend More to Grow or…

Key Factors Driving the ADA Price Right Now

Three major factors are shaping the ADA price. First, the Leio scalability upgrade will be launched on testnet in June 2026. This update will allow the number of transactions per second to grow from ten to sixty-five times higher, achieving over one thousand transactions per second. Its implementation will eliminate the problem of Cardano’s slow speed. 

Second, the CLARITY Act could classify ADA as a digital commodity. That would remove a major regulatory overhang and pave the way for spot ETF applications. Third, whales have been accumulating. Wallets holding 100,000 to 100 million ADA have absorbed over 800 million ADA in six months. Their share of circulating supply has increased to 68.44%. Large holders are buying while retail is selling.

Quiet Before the Storm – Cardano Is Holding Its Breath

In the event that the ADA price rises above $0.26, then its next levels of resistance will be $0.27 and $0.28 respectively. With a successful performance of the Leios testnet, the ADA price could reach between $0.30 and $0.35. 

Should the ADA price fall below $0.2489, its next level of support will be $0.24. In the event that the Leios testnet fails or there is regulatory news, the ADA price might fall to $0.22 or even $0.20.

The ADA price is currently in consolidation. The 4-hour chart shows that ADA price’s support and resistance levels are $0.2489 and $0.26 respectively. A breakout is imminent, but direction is still unknown. The Leios upgrade is coming, which is bullish. But the ADA price needs to break $0.26 to confirm any rally. Until then, the range is the range. The ADA price is the only thing left to decide. 

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The post Here’s Where Cardano (ADA) Price Could Be Headed This New Week appeared first on CaptainAltcoin.