Cardano's comeback! ADA rebounds strongly, expected to create a historical high in 2025!
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Cardano (ADA) has recently experienced a significant pullback, dropping to $0.76 at one point, a decline of over 40% from recent highs. This plunge was triggered by the hawkish policy guidance released by the Federal Reserve, which severely impacted global stock markets and the cryptocurrency market. According to Coin Glass data, the liquidation amount of ADA futures positions approached $20 million.
However, ADA strongly rebounded at $0.76, rising to $0.95, successfully reclaiming the 50-day moving average, indicating a strong market recovery signal. Experts believe that the worst period for ADA may have passed, and it could experience a significant rebound in the future.
As macroeconomic factors are no longer the dominant influence, the focus may shift to the “adoption” driving force of cryptocurrencies, with ADA expected to break through $1.00 in 2025 and usher in a new market peak.
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