Cardano ($ADA )

This week, Cardano enthusiasts are looking forward to the annual meeting, where the budget for 2025 and other strategic decisions that may affect the development of ADA in the coming year will be discussed. The event will take place tomorrow, December 31.

This meeting could provide ADA with the necessary bullish momentum to finally recover above the $1 level and turn it into new support. The direction of the trend is likely to be determined by the outcomes of the upcoming meeting.

However, if the decline continues and ADA loses support at $0.85, the altcoin may face a retracement to $0.77 or even lower. Such a drop would invalidate the bullish forecast.$PHA $THE #BtcNewHolder #2024To2025 #2024Crypto #2024withBinance #ADAAnalysis