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Cardano (ADA), one of the leading cryptocurrencies, continues to attract the attention of investors due to its impressive growth. The ADA price increased by 14% over the last trading day, reaching the level of $0.9626, and analysts predict the possibility of a new all-time high (ATH) in 2025.
Bullish trend and technical signals
After a long sideways movement in the range of $0.85–$0.96, Cardano broke through to higher levels, confirming the formation of a bullish trend. Steady growth is accompanied by:
Key support and resistance levels: The current support has formed at $0.8702, and the nearest resistances are $1.00 and $1.2430.
TD Sequential indicator: A "1" buy signal was recorded on the 3-day chart, indicating a decrease in bearish pressure and a possible reversal to steady growth.
Analysts note that further price movement will depend on overcoming key barriers. The $0.95 and $1.00 levels remain important benchmarks for determining the strength of the current rally.
Impressive improvement in market metrics
Cardano's growth is also accompanied by an improvement in fundamental market indicators.:
ADA's market capitalization reached $33.82 billion, an increase of 14.20%.
The daily trading volume increased by 145% and amounted to $1.44 billion, which indicates an increase in liquidity.
The fully diluted market capitalization (FDV) is $43.31 billion, which indicates a limited inflationary potential, given the majority of tokens issued.
Forecasts and scenarios for traders
The current bullish trend opens up prospects for reaching the $1.10 and $1.20 levels with sustained demand. At the same time, experts warn of possible risks.:
Support at $0.85 plays a key role. Its loss may lead to a short-term decrease in prices.
Correction zone: The range of $0.7460–$0.8702 is defined as the optimal entry point for those who expect long-term growth.
The path to a new historical high
According to analysts' forecasts, overcoming the $1.2430 level may signal the beginning of a new bullish trend. This opens up the possibility of reaching record levels in 2025.
Cardano continues to show strong growth, supported by technical indicators, improved liquidity and market capitalization. Despite potential corrections, the long-term outlook looks optimistic. The range of $0.7460–$0.8702 is an ideal accumulation zone, which makes ADA an attractive asset for both short- and long-term investments.
Investors should closely monitor volume dynamics and key support and resistance levels in order to make the most of the current market situation.
