Amidst ongoing price consolidation and a notable 15.39% decline in December, Cardano ($ADA ) remains resilient. According to data from IntoTheBlock, 61.63% of Cardano wallet holders are still in the green, underscoring the strength of long-term investors even as $ADA faces critical levels like the psychological $1 threshold.
Key Insights
On December 20, $ADA #Crypto2025Trends #BTCXmasOrDip? #MarketRebound #XmasCryptoMiracles #BTCXmasOrDip? briefly dipped to a one-month low of $0.7618 but showed signs of recovery soon after. Currently, 2.71 million Cardano wallets remain profitable, even with the price staying below $1. However, 1.51 million wallets are showing losses, while 179,970 wallets have reached breakeven.
Path to Momentum Recovery
To regain upward momentum, ADA must tackle key levels:
1. It needs to break the $0.9972 resistance level reached on December 21.
2. The 20-day moving average at $1.0321 must also be surpassed.
3. A significant supply wall between $0.9696 and $1.09, where 243,900 wallets hold 3.77 billion ADA, must be cleared.
Analyst Outlook
Market experts like Javon Marks remain optimistic, predicting that a breakout from this consolidation phase could lead to an impressive 180% surge, with ADA potentially reaching $2.77.
Your Thoughts
Do you think ADA can turn the $1 level into solid support, or will it continue facing resistance? Share your predictions and letโs discuss the f
uture potential of Cardano!
