$ADA (Cardano) remains one of the leading cryptocurrencies in the market due to its developed ecosystem and active community. Let’s consider how the value of ADA may change in the coming week based on current data.
Current situation
As of January 25, 2025, the price of ADA is $0.96. Over the past day, the asset has shown moderate growth, aided by increased trading volumes and a recovery in investor interest. However, the market remains volatile, requiring special attention.
Fundamental factors
1. Growth of the Cardano ecosystem
Updates continue on the network aimed at increasing transaction speeds and reducing fees. This contributes to the growing number of decentralized applications (dApps), which supports interest in ADA.
2. Interest in staking
More than 70% of all ADA is staked, making the coin attractive for long-term investors.
3. Overall condition of the crypto market
ADA shows dependence on overall market sentiment. Any movements in the price of Bitcoin and Ethereum directly affect Cardano.
Technical analysis
• Support level: $0.90
• Resistance level: $1.00
• RSI indicator: Located within 54, indicating a neutral zone without overbought or oversold conditions.
• Moving averages (MA): The 50-day MA is above the 200-day MA, signaling an upward trend.
Weekly forecast
If ADA holds above the support level of $0.90, the price is likely to trade in the range of $0.95–$1.00. A breakout above the resistance level could pave the way to $1.05. However, low trading volumes over the weekend may lead to sharp price spikes.
Possible risks
A decline in investor interest or a sharp correction in the market could bring ADA back to $0.85. Additionally, short-term volatility may be caused by global macroeconomic factors.
Conclusion
ADA remains promising for long-term holding, thanks to network development and sustained interest from the community. For short-term trading, it is crucial to monitor key levels and the overall market condition.
This article is not an investment recommendation. The cryptocurrency market is highly volatile. Conduct your own analysis before making decisions.
