The post ADA Price Prediction Today appeared first on Coinpedia Fintech News ADA, the native token of the Cardano blockchain, is poised to reverse its downtrend as it has reached a level where it has historically witnessed an impressive rally. The overall market experienced a decline following the presidential inauguration of pro-crypto Donald Trump, likely driven by profit-taking. Experts’ ADA Price Prediction Amid Consolidation Today, January 23, 2025, a prominent crypto expert posted on X (formerly Twitter) that the technical indicator TD Sequential is indicating a buy signal for ADA. Besides the expert prediction, ADA is currently experiencing price consolidation within a narrow range between $0.954 and $1.03 at the support level of an inclined trendline. Since November, ADA has found support at this level four times, each time witnessing impressive upward momentum. Source: Trading View ADA Price Prediction Based on recent price action and historical momentum, if ADA breaks out of its ongoing consolidation and closes a daily candle above the $1.04 level, there is a strong possibility it could surge by 15% to reach the $1.15 level in the near future. On the positive side, the Relative Strength Index (RSI) is at 47, suggesting a potential price reversal soon. However, this optimistic outlook for ADA will only hold if it remains above the $0.95 level, otherwise, it may fail. $146 Million of ADA Outlow Despite the price speculation, over the past seven days, it appears that long-term holders and investors have been significantly accumulating ADA tokens, as reported by the on-chain analytics firm Coinglass . Data from spot inflow/outflow revealed that exchanges during the same period witnessed an outflow of ADA tokens worth $146.60 million. Source: Coinglass This substantial outflow from exchanges indicates potential accumulation, which could lead to buying pressure and a further upside rally. Additionally, it suggests an ideal buying opportunity. Current Price Momentum ADA is currently trading near $0.98, with a modest 0.80% price decline over the past 24 hours. Its trading volume has dropped by 8% during this period but is gradually recovering, hinting at increased trader and investor participation.
