🚀📊 Can Cardano ( $ADA ) Price Revisit ATH in 2025?

📉 Current Market Overview
Cardano (ADA) has been on a downward trend since its $1.30 peak, with a brief holiday uptick failing to break the bearish pattern. Trading at $0.8612, ADA faces significant resistance ahead, raising questions about its ability to hit a new ATH in 2025.

📊 Path to $3.09 – Bullish Pattern
Technical analysis highlights a head and shoulders pattern, suggesting a potential bullish reversal. ADA must hold the $0.567 support level to set the stage for a surge. Analysts predict a rise post-2024, possibly pushing the price to $3.09, surpassing its previous ATH.

💼 Key Price Levels to Watch
ADA recently dipped below $1, but analysts forecast a possible 20% rebound by January 2025, reaching $1.20. If momentum persists, ADA could mirror its 2021 rally and surge to $3.10. A bearish scenario, however, might push it below $0.80.

📊 Market Volume Signals Optimism
Despite a 1% price decline, market volume spiked by 50% to $891M, indicating growing investor interest. Such volume increases often precede significant price movements and reflect underlying confidence in the asset.