LIVE๐ฑ๐๐Cardano (ADA) Predicted to Reach $2.42: Here's When
#Cardano , popularly referred to as #ADA , is not encountering the bullish line yet, despite gaining great momentum and reliability in the field. The token has one of the largest ecosystems that is constantly trying to expand its verticals to ensure success on all possible fronts.
ADA's slow price action has been attributed to stubborn price resistance levels that the token has not been able to breach in the past. However, despite the slow price movement and recovery, the ISLAND is showing signs of a possible break-up soon, which will eventually help the token gain a huge Sunday momentum.
Cardano Price Forecast for May
Cardano is currently facing critical price resistance, so the token is unable to cross such price barriers. According to COINCODEX, the token may encounter friction or resistance at the price levels of $0.46, $0.48 and $0.50.
"According to today's classic pivot point (P1), which is worth $0.441854, Cardano has support levels of $ 0.42, $ 0.40 and the strongest of $0.39. Similarly, Cardano resistance levels are at $0.464197, $0.478186 and $0.500529.โ
In May, CC predicts that the ADA will overcome the resistance and rise one step higher, trading at the price level of $ 0.48. It may register a 4% increase in the token price, and there may be expectations pointing to an excellent price increase in the near future. The platform also shares that ADA's RSI index refers to a metric of 36.4 and indicates a neutral buying stance for ADA.
ADA's Way to $2.40
ADA may show signs of difficulties as of now, but the token is expected to reach the $2 milestone soon. According to Coincodex, Cardano could increase by about 400% by 2025 and trade at $2.40.
"ADA is expected to trade in the price December of $0.422563 and 2.39% next year. If Cardano reaches its higher value target for 2025, it will increase by 426.25% to $ 2.39.โ
