$ADA

Cardano (ADA) Bullish Despite Short-Term Setbacks

Over the past week, Cardano has seen the price of Cardano drop by more than 6%, CoinMarketCap data shows. The bearish momentum has led Cardano to the $0.83 support after briefly rising to the $0.95 resistance level.

Cardano has gained around 20% of its value, following the trend seen over the past month. However, the Cardano community’s stance Although the Cardano ecosystem is undergoing significant changes, future estimates from Charles Hoskinson point to ADA as one of the best altcoins to watch in 2025.

Currently, Cardano is forming a symmetrical triangle pattern that suggests a potential breakout is not far away. Positive buy signals from technical indicators such as the MACD, Awesome Oscillator, and moving averages point to a potential upside within reach.

Conversely, momentum and CCI indicators are flashing sell signals on the Cardano price chart, indicating some caution. However, with Cardano ecosystem innovations like Bitcoin DeFi, Midnight, and Patnerchains, Charles Hoskinson’s bold prediction that Cardano will soar in the coming year remains true.