Cardano Price Prediction: Breakthrough $1, 2025 Update Will Drive ADA Up
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Cardano (ADA) had a strong performance at the beginning of 2025, successfully breaking through the $1 barrier and rising 31.4% within the first three days of the year. This increase is mainly attributed to innovative proposals from the Cardano network and an upcoming major upgrade. Here is a detailed analysis of Cardano's future price trends.
Recent Performance of Cardano
Price Trends:
Currently, the price of Cardano has surpassed $1.10 and has continued to rise since the beginning of the year. The increase in ADA far exceeds that of leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
The rise of ADA stems from Cardano's proposed CIP-113 proposal, which aims to enhance the programmability and security of assets, enabling the use of stablecoins, securities, and real-world assets.
DeFi Growth:
According to data from DeFiLlama, the **Total Value Locked (TVL)** in the Cardano network increased from $423 million on December 30, 2023, to $562 million on January 4, 2025, a growth of 32%. This growth demonstrates that the demand for Cardano in the decentralized finance (DeFi) sector is increasing.
The growth of TVL and the stable increase in ADA's price mutually drive each other, indicating a growing market demand for Cardano's blockchain services.
Technical Analysis: Future Price Prediction
Support and Resistance Levels:
Support Levels: Currently, $1.00 and $0.98 are significant support levels expected to help maintain ADA's price stability and avoid significant retracements.
Key Resistance Levels: $1.05 and $1.10 are marked as the current key resistance levels. If these levels are broken, ADA could potentially start a new round of increases, with a target that may reach $1.20 or even higher.
Potential Rebound Targets:
In the short term, $1.20 is a feasible target, and if these resistance levels are breached, the price of ADA may soar to $1.50.
Based on current market sentiment and technical indicators, the upward trend of ADA may continue, especially with an increase in trading volume (up 16.31%) and enhanced investor confidence.
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