Cardano (ADA) may recover to $1.20 in January 2025

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Recently, the price of Cardano (ADA) has been continuously declining, struggling to break the $1 mark. However, historical data suggests that ADA could rebound in January 2025, with an increase of up to 20%, returning to the $1.20 range.

Historical Performance and Growth Potential

According to Cryptorank data, ADA has had an average growth rate of 20.4% in January over the past seven years. Particularly in 2023, ADA achieved a 59.2% increase in January; explosive growth of 64% and 89.9% occurred in 2020 and 2021, respectively. Although the price of ADA fell in January 2024 (16.2%), this trend may lay the groundwork for a rebound in 2025.

Market Sentiment and Trading Volume

As of now, ADA's price has dropped by 2.78% in the past 24 hours, currently at $0.8721. However, community sentiment remains optimistic, with market trading volume significantly increasing by 53.42%, reaching $808.43 million. This indicates that despite the price correction, investor confidence remains unaffected.

Whale Purchasing Activity

Recently, Cardano whales purchased over 20 million ADA within 48 hours, a move that may signal an impending market rebound. Market observers believe that the buying behavior of large holders indicates their optimistic outlook on ADA's future performance.

Summary

If historical trends repeat, Cardano may see a 20% increase in January 2025, returning to around $1.20. With increasing trading volume and active positioning by whales, ADA's future remains full of potential.

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