Cardano (ADA) is making waves again with a 14% price increase! ๐ Analysts predict the coin could reach a new all-time high (ATH) in 2025. ๐ After breaking out of its previous trading range, ADA is showing strong bullish signals.
With support at $0.8702 and resistance at $1.2430, Cardano looks poised for continued growth. ๐ช Analyst Ali notes that the TD Sequential indicator is showing a buy signal, which could signal a shift from bearish to bullish territory. ๐
Currently, ADA is trading around $0.9626, after experiencing a surge from sideways movement at $0.85. ๐ The 24-hour trading volume also jumped 145%, indicating increased liquidity. ๐ต
Cardano is showing strong momentum, and if it can break through the resistance level at $1.00, the next targets could be $1.10 and $1.20. ๐ฏ However, if the price falls below $0.92, there could be a drop to the support level at $0.85. โ ๏ธ
Michaรซl van de Poppe also suggested that this is a good time to accumulate ADA, with an eye on the $0.7460 to $0.8702 range. ๐ If ADA can hold above $1.2430, it could signal the start of a new bullish trend and take the price to new highs in 2025! ๐โจ