Cardano price enters a new range, indicating bullish momentum.
Analysts expect a record high by 2025 after recent increases. A bigger drop in the market could make $0.7460 a good buy.
Cardano (ADA) is rising, with many predicting an ATH in 2025. ADA is rising due to investor optimism, with support around $0.8702 and resistance at $1.2430.
Cardano Price Reverses Bullishly Using TD Sequential IndicatorOn the 3-day chart of Cardano, the analyst noticed the TD Sequential “1” buy signal. This suggests a transition from bearish to bullish.
TD Sequential buy signals increase price and volume. Bulls face immediate resistance at $0.95 and $1.00. If support at $0.8377 fails, the selling may continue.
Therefore, volume and candlestick formations will be important.Daily Chart Analysis Highlights ADA’s Bullish BreakoutOn the last trading day, Cardano’s daily chart showed a strong breakout with 14.20% momentum.
ADA is trading at $0.9626. This is a significant improvement from its daily trading range of $0.85-0.96. The market cap is up 14.20% to $33.82 billion from the previous week, while the 24-hour trading volume is up 145% to $1.44 billion, indicating increased liquidity and trading activity.
ADA’s fully diluted (FDV) market capitalization is $43.31 billion. This keeps the majority of its 45 billion tokens in circulation, preventing inflation. Cardano’s price is above the short-term moving averages, indicating bullishness.
Support is at $0.85 and the first significant resistance is at $1.00.Bullish Momentum Pushes Cardano Price HigherCardano is in the positive, and experts are predicting price levels and movements.
With the current growing momentum, ADA could target $1.00, $1.10, and $1.20. Failure to hold above $0.92 could see Cardano price drop close to $0.85, a key support level.
The expert recommends traders to enter the bottom and ride the next wave to the upside between $0.7460 and $0.8702. He also said that a break above $1.2430 could start an uptrend that could take the coin to a record high by 2025.
