Cardano (ADA) Price Surges 11% in 24 Hours, Fueling Expectations of New All-Time High by 2025
Cardano (ADA) has experienced a significant surge in price, jumping 11% in just 24 hours and breaking through the $1 mark. This impressive price movement has fueled expectations of a new all-time high (ATH) by 2025, as the cryptocurrency continues to gain momentum in the market.
The recent surge in ADA’s price has been attributed to a breakout from its previous trading range, signaling a potential bull run. Currently trading at $1.03, Cardano has seen a sharp upward move from its earlier sideways action around $0.85. Analysts are closely monitoring the TD Sequential indicator, which has recently flashed a “1” buy signal, indicating a shift from bearish to bullish territory.
This positive development suggests that ADA could be on a recovery path after recent consolidation. If Cardano continues to build on this momentum, resistance levels at $1.00 and $1.10 could be the next targets for the cryptocurrency. With a market capitalization of $36 billion and trading volume surging by 6% to reach $1.33 billion, Cardano is attracting strong interest from investors and showing higher liquidity in the market.
As long as ADA maintains support around $0.85, the bullish sentiment is expected to continue. Experts like Michaƫl van de Poppe see potential for further growth, with a key resistance level at $1.2430 potentially signaling the start of a new bullish phase that could drive prices to new highs in 2025.
With increasing investor confidence and positive technical indicators, now might be a great time to consider accumulating ADA as it sets its sights on new records. The cryptocurrency market is constantly evolving, and Cardano’s recent price surge is a clear indication of the potential for growth and new opportunities in the digital asset space.
Overall, Cardano’s impressive performance in the market is a testament to its strong fundamentals and growing popularity among investors. As the cryptocurrency continues to gain momentum, all eyes are on ADA as it aims for new milestones and potentially reaches new all-time highs in the coming years.