Coinspeaker Cardano (ADA) Price Crosses $1: Analysts Predict New ATH by 2025
As Bitcoin remains bound under $100K, Cardano ADA $1.08 24h volatility: 12.2% Market cap: $38.82 B Vol. 24h: $2.02 B comes as a top performer in the crypto space. In the last 24 hours, the bull run in the ADA price has crossed the $1 threshold and teases an extended rally.
Cardano Price Analysis
In the 4-hour chart, the Cardano price trend reveals a massive bullish recovery at play. Breaking above the resistance trend line, the uptrend in Cardano has skyrocketed nearly 30% from $0.843 to the current market price of $1.082.
The recovery rally has surpassed the 61.80% Fibonacci level after reclaiming the $1 psychological mark. The sudden surge in buying pressure has driven the 4-hour RSI line to the overbought zone.
Photo: TradingView
Furthermore, it has increased the chances of a golden crossover to reclaim the bullish alignment in the 50 and 200 EMA lines. It has also increased the chances of a bullish crossover between the 100 and 200 EMA lines.
Hence, the technical indicators are flashing extremely bullish signals amid the recovery rally. As the recovery run approaches the 78.60% Fibonacci level, the Cardano price trend hints at a drownding bottom reversal, with the neckline at $1.158.
In case of a bullish breakout rally, the uptrend is expected to reach the 1.618 Fibonacci level at $1.80. On the flip side, a potential retest is possible of the 50% Fibonacci level, slightly close to the $1 psychological mark. This could act as an extremely lucrative buying opportunity for price action traders at a critical level.
Upcoming Updates to Boost the Cardano Rally
On the fundamental side, the ongoing rally in Cardano struggles to reveal any immediate catalysts that will run. However, the network is expected to witness significant changes in the coming months with multiple developmental upgrades, the main being the Bitcoin-centric decentralized financial system.
Cardano is aiming to integrate the Bitcoin-focused DeFi ecosystem to make itself as a bridge between the Bitcoin network and the decentralized applications. This will tap into the massive liquidity in the Bitcoin market and utilize Cardano’s scalability and efficient blockchain infrastructure.
This is likely to gain the attention of not just retail holders but also institutional players after the Bitcoin ETFs and the possibility of more altcoin ETF approvals in 2025.
Analysts Expect New ATH in 2025
In a recent tweet, Ali Martinez, an independent crypto analyst, highlighted massive upside potential in Cardano. Sharing a price chart analysis of the previous bull cycle, Martinez expects the bull run to push Cardano to the $4 mark.
The price chart reveals a minor pullback in the ongoing rally and anticipates and finds a canonical correlation between the ongoing rally and the 2021 bull run. The price chart shows a bullish note, but experienced a pullback of nearly 40% before reaching its peak.
#Cardano $ADA is shaping up like it did last cycle, making me think a big move is near. A push to $4 might happen within a few weeks!
You don't even have to risk your own capital. Go to @SimpleFXcom via my link https://t.co/GLjkpQvfTT and claim the $5,000 bonus. Thank me later! pic.twitter.com/4XgFpFurlI
— Ali (@ali_charts) January 2, 2025
Furthermore, the current trend showcases a similar pullback of 42.65% compared to the 43.61% pullback in the previous cycle. The estimated price target from Martinez is $6.102, which highlights the upside of 2,210% from his initial prediction level of $0.30.
On a similar note, in a recent tweet by Michael Van de Poppe, the analyst anticipates the bull run to find a new bullish leg. As the 40% correction rally fades, the trend has already regained the $1 psychological mark.
Request 01 – $ADA
The scenario remains the same.
Pretty heavy run upwards and a 40% correction.
I think we're getting towards the end of this correction, through which I'm expecting a new leg up for things like $ADA. pic.twitter.com/cPxRSfCJ6Y
— Michaël van de Poppe (@CryptoMichNL) December 30, 2024
As per the bullish prediction from Michael Van de Poppe, the bull run in Cardano is expected to create a new all-time high in 2025 or 2026 This expects a price surge crossing the $3 mark and crossing the nearest old range near the $1.243 resistance level.
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Cardano (ADA) Price Crosses $1: Analysts Predict New ATH by 2025
