Cardano Price Prediction: ADA Over 1% As Plomin Hard Fork Goes Live, While This AI Agent Crypto ICO Goes Parabolic

8 hours ago 10

Join Our Telegram channel to stay up to date on breaking news coverage

The Cardano price has climbed more than 1% in the last 24 hours to trade at $0.96 as of 02:24 a.m. EST on an 11% pump in trading volume to $819 million.

This uptick in the ADA price comes as the Plomin upgrade was activated on Jan. 29, which is a major step in the ecosystem’s long-awaited move towards a decentralized governance system.

We’re happy to share that Input | Output has today voted “Yes” on the Plomin Hard Fork governance action.

After a close review of network readiness by subject matter experts, all conditions in the Interim Constitution for a Hard Fork gov action have been met.

See the text of… pic.twitter.com/a8gsUO2qtE

— Input Output (@InputOutputHK) January 17, 2025

With the Plomin upgrade now live, ADA token holders will be able to shape Cardano’s future, including voting on treasury measures and hard forks.

Cardano Price On A Corrective Phase

The ADA price chart on the 4-hour timeframe reveals a market that has recently been in a corrective phase following a significant bullish rally.

The Cardano price action peaked near the $1.25 resistance level before experiencing a downturn. Currently, ADA is trading around $0.9619, struggling to maintain momentum above key moving averages.

A support zone around $0.85–$0.90 has been well-respected, acting as a cushion against further price declines. ADA has tested this area multiple times, confirming its significance.

However, the price remains below a crucial resistance at $1.15, where selling pressure appears to be strong, according to GeckoTerminal data.

Additionally, ADA is fluctuating around the 50-period Simple Moving Average (SMA) on the 4-hour chart at $0.9642 and below the 200-period SMA at $0.9837. This suggests that while buyers are trying to regain control, the bearish sentiment still holds weight.

Meanwhile, the Relative Strength Index (RSI) stands at 53.52, indicating a neutral stance. It is neither in overbought nor oversold conditions, suggesting that the market is in a consolidation phase with the potential for either a breakout or breakdown.

The Moving Average Convergence Divergence (MACD) line (blue) is slightly above the signal line (orange), but remains close to the zero line. This indicates weak bullish momentum with the possibility of a trend shift if buying volume increases. However, the histogram shows a minor bearish divergence, meaning caution is needed.

ADA Price Prediction

Given the current chart setup, the ADA price is at a crucial decision point.

A break above the $0.98–$1.00 resistance zone and the 200-period SMA could pave the way for a retest of $1.10–$1.20 levels. This would require strong bullish volume and positive market sentiment.

On the downside, if the $0.90 support zone fails, the Cardano price could retest lower levels around $0.85 or even $0.80. However, considering the strong accumulation seen in this range, buyers are likely to step in before such a drop occurs.

As the Cardano price tries to enter into a bullish move, investors are snapping up a new AI agent crypto called MIND of Pepe (MIND), which 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, says has the potential to soar 20X after its launch.

MIND Of Pepe Presale Closes On $5 Million—Next Crypto To Explode?

MIND of Pepe is a bold new AI agent crypto that has already attracted a huge following, with its presale having raised more than $4.4.

One outstanding feature of the project is its AI’s ability to analyze the emerging trends in the Web3 space on social media platforms, especially ‘Crypto Twitter,’ before the rest of the market catches on.

🚨 $MIND is Now Live in Upcoming Tokens! 🚨@MINDofPepe leverages the power of AI to help users identify new trends and exciting opportunities. The self-evolving AI agent interacts across platforms to deliver real-time updates.

Built on Ethereum, $MIND offers holders exclusive… pic.twitter.com/uyXFpYka5p

— Best Wallet (@BestWalletHQ) January 14, 2025

MIND of Pepe’s AI agent doesn’t just passively observe, it actively engages with influencers, platforms, and communities in an effort to shape the market narrative, and passes the insights it has gathered to MIND holders through token-gated groups.

MIND holders also have the opportunity to stake their tokens for a stratospheric 505% annual percentage yield (APY).

Currently, MIND tokens are priced at $0.0032273, and can be purchased through the simple buy widget embedded on the project’s website using either crypto or bank card.

Buy MIND tokens here before a price hike in 36 hours to lock in the best deal.