Cardano (ADA) has gained significant momentum, surging 11% in price and sparking discussions about a potential all-time high (ATH) by 2025. The cryptocurrency is currently trading at $1.03, having broken through its previous trading range of around $0.85. This sharp upward move has caught the attention of both investors and analysts, who are now speculating on the next phase of ADA’s price action.
The recent surge indicates that Cardano could be entering a new bullish phase. Traders are closely monitoring the TD Sequential indicator, which recently flashed a “1” buy signal, suggesting that ADA may be transitioning from a bearish consolidation to an upward trend. If the current momentum continues, the next resistance levels at $1.00 and $1.10 could soon be tested, further driving the price upwards.
As of now, Cardano’s market capitalization stands at a robust $36 billion, signaling growing investor confidence. The trading volume has also surged by 6%, reaching $1.33 billion, which indicates increased liquidity and a thriving market environment. If ADA can maintain its support level around $0.85, the bullish outlook is likely to persist, positioning Cardano for continued growth.
Cryptocurrency expert Michaël van de Poppe is also optimistic about ADA’s future, predicting further gains. He identifies a crucial resistance at $1.2430, which could mark the beginning of a fresh bullish phase, potentially leading ADA to new heights by 2025.
Also Read: Cardano (ADA) Eyes 300% Rally: Could ADA Reach $4 in 2025?
With technical indicators showing positive signals and a strong investor base backing the asset, now may be an opportune time for those looking to accumulate ADA as the cryptocurrency sets its sights on breaking records and achieving new all-time highs in the near future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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