Cardano Price Rises 15%, Targets 2025 High
Cardano price enters a new range, indicating bullish momentum.
Analysts expect a record high by 2025 following recent increases.
A larger market drop might make $0.7460 a good purchase.
Cardano (ADA) is rising, with many forecasting an ATH in 2025.
ADA is growing because to investor optimism, with support around $0.8702 and resistance at $1.2430.
cardano price reverses bullishly using TD Sequential Indicator
On Cardano's 3-day chart, analyst noted the TD Sequential's “1” buy signal. This suggests a bearish-to-bullish transition.
TD Sequential purchase signals increase price and volume. Bulls face immediate resistance at $0.95 and $1.00.
If support at $0.8377 fails, selling may continue. Thus, volume and candlestick formations will be important.
Daily Chart Analysis Highlights Bullish ADA Breakout
On the past trading day, Cardano's daily chart showed a strong breakthrough with 14.20% momentum. ADA trades at $0.9626. This is a big improvement from its $0.85-$0.96 daily trading range.
Market capitalization rose 14.20% to $33.82 billion from the previous week, while 24-hour trading volume rose 145% to $1.44 billion, indicating higher liquidity and transaction activity.
The fully diluted market capitalization (FDV) of ADA is $43.31 billion. This keeps most of its 45 billion tokens in circulation, preventing inflation.
Cardano price is above short-term moving averages, indicating bullishness. Support is at $0.85 and first significant resistance is at $1.00.
Bullish Momentum Lifts Cardano Price
Cardano is positive, and experts are predicting price levels and movements. With the current rising momentum, ADA might reach $1.00, $1.10, and $1.20.
Failure to hold above $0.92 may cause Cardano price to fall near $0.85, a key support level.
The expert recommends traders enter at the bottom and ride the following wave upward between $0.7460 and $0.8702.
He also said that a break over $1.2430 might start a bullish trend that could push the currency to a record high in 2025.
