Cardano $ADA Eyes 100% Surge in Early 2025

Cardano (ADA) is showing strong potential for a major rally after breaking a three-year resistance trendline, aiming for a 100%

gain by March 2025.

ADA's Turnaround and Rally

After a rough start in 2024, with a 40% loss year-to-date, ADA

surged in November, recovering six months of losses in just one week. On November 10, ADA jumped 20%, reaching $0.597,

driven by the broader market boost from Trump’s re-election

and speculation about a possible collaboration with Charles

Hoskinson, Cardano’s founder. Hoskinson, however, clarified

there was no formal government role yet.

Price Forecast and Risks

Currently, ADA faces resistance at the 0.618 Fibonacci level

($0.599). If it holds support around $0.548-$0.489, it could

confirm the breakout and target $1.14 by early 2025, implying a

potential 105% gain. However, failure to sustain this breakout

may lead to a drop towards $0.35.

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