Highest level in 2025
Cardano price is entering a new range, indicating bullish momentum.
Analysts expect a record high by 2025 after recent increases.
A larger market decline could make $0.7460 a good buy.
Cardano (ADA) is rising, with many people expecting a higher ATH in 2025.
ADA is growing on investor optimism, with support around $0.8702 and resistance at $1.2430.
Cardano price is reflecting bullishly using TD Sequential indicator
On the 3-day chart of Cardano, the analyst noticed a “1” buy signal on the TD Sequential indicator. This indicates a bearish to bullish transition.
TD Sequential buy signals are increasing price and volume. Bulls are facing immediate resistance at $0.95 and $1.00.
If the support at $0.8377 fails, selling may continue. Therefore, trading volume and candlestick formations will be important.
Daily chart analysis highlights ADA bullish breakout
Last trading day, Cardano’s daily chart showed a strong breakout of 14.20% momentum. ADA is trading at $0.9626. This is a significant improvement from the daily trading range of $0.85 to $0.96.
Market cap rose 14.20% to $33.82 billion from the previous week, while 24-hour trading volume surged 145% to $1.44 billion, indicating increased liquidity and trading activity.
ADA has a fully diluted market cap of $43.31 billion. This keeps most of its 45 billion tokens in circulation, preventing inflation.
Cardano price is above the short-term moving averages, indicating an upward trend. Support is at $0.85 and the first important resistance is at $1.00.
Bullish momentum pushes Cardano price higher
Cardano seems to be positive, and experts are predicting price levels and movements. With the current bullish momentum, ADA price could reach $1.00, $1.10, and $1.20.
Failure to hold above $0.92 could lead Cardano price to decline near $0.85, which is a key support level.
The expert recommends traders to enter at the bottom and ride the next wave up between $0.7460 and $0.8702.
He also said that a break above $1.2430 could start an uptrend that could push the coin to a record high in 2025.
$ADA