ADA Price Prediction: Oversold Cardano Targets $0.31-$0.35 Recovery by March 2026
The post ADA Price Prediction: Oversold Cardano Targets $0.31-$0.35 Recovery by March 2026 appeared on BitcoinEthereumNews.com.
Tony Kim
Feb 05, 2026 09:51
ADA trades at $0.28 with RSI at 29.48 signaling oversold conditions. Technical analysis suggests potential bounce to $0.31-$0.35 range within 4 weeks as momentum stabilizes.
Cardano (ADA) has experienced significant selling pressure, dropping 6.64% in the last 24 hours to $0.28. However, technical indicators suggest the altcoin may be approaching a potential reversal zone as oversold conditions intensify. ADA Price Prediction Summary • Short-term target (1 week): $0.29-$0.31 • Medium-term forecast (1 month): $0.31-$0.35 range• Bullish breakout level: $0.36 (SMA 50 resistance) • Critical support: $0.26-$0.27 What Crypto Analysts Are Saying About Cardano While specific analyst predictions from key opinion leaders are limited in the past 24 hours, recent forecasting platforms have provided mixed signals. According to ADA Price Forecast from January 19, 2026, Cardano is projected to reach $0.440 by February 5, 2026, indicating a potential 57% increase from current levels. However, this ADA price prediction appears overly optimistic given current technical conditions. On-chain data platforms like CoinMarketCap AI noted on February 1st that “Cardano’s future price hinges on protocol upgrades, ecosystem growth, and shifting market dynamics,” suggesting fundamentals remain the primary driver for long-term appreciation. The current technical setup suggests more modest near-term targets are realistic for this Cardano forecast. ADA Technical Analysis Breakdown Cardano’s technical picture presents a classic oversold scenario with potential for a relief bounce. The daily RSI has plunged to 29.48, well below the 30 threshold that typically signals oversold conditions. This extreme reading often precedes short-term reversals in cryptocurrency markets. The MACD indicator shows bearish momentum with a histogram reading of 0.0000, suggesting the selling pressure may be stabilizing rather than accelerating. While still negative, the convergence toward neutral territory could indicate weakening bearish momentum. Cardano’s position relative to…
Filed under: News - @ February 6, 2026 10:30 am