Despite the fluctuations in the crypto market, analyst LuckSide Crypto remains optimistic about the future price of the ADA token. Having studied historical trends, market cycles, and current conditions, the expert predicts that ADA may show significant growth to $2025-3 from March to May 4.
Token has demonstrated a cyclical price action that could provide clues for future moves. According to statistics, the asset has repeatedly tested and surpassed key resistance levels, signaling a growth pattern that could continue into 2025.
Therefore, the current price drop can be seen as an opportunity for potential buyers to enter the market. Capital from new investors may also increase after the festive period.
In addition, increased institutional interest in Cardano will accelerate price growth. As more funds enter the market and the ADA shortage on exchanges increases, the token price could rise sharply.
The RSI (Relative Strength Index) reading of 40,51, indicating potential oversold conditions, could also set the stage for a price correction and subsequent bounce. With the MACD (Moving Average Convergence Divergence) showing signs of a potential momentum shift, the coming days could prove crucial for ADA’s price trajectory.
#Cardano #ADA #ADAAnalysis
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