Here is an updated analysis of Cardano (ADA) as of May 17, 2025:
💰 Current price
Cardano (ADA) is currently trading at $0.7373, down 0.042% in the last 24 hours.
📊 Technical analysis
• Support and resistance: Data shows that ADA is trying to maintain a support level at $0.75. If this level is broken, it may head towards $0.71, which is the 200-day exponential moving average. 
• Technical indicators: The Relative Strength Index (RSI) is at 45.18, indicating a neutral market condition. 
🔮 Price predictions for 2025
• May 2025: Predictions range between $0.60 and $0.74, with an expected average around $0.65. 
• December 2025: Predictions indicate a price range between $0.58 and $0.63, with an expected average around $0.61. 
• Optimistic forecasts: Some analysts expect the price to reach $1.376 by the end of 2025, supported by the expansion of the DeFi ecosystem on Cardano and the adoption of smart contracts. 
⚠️ Influencing factors
• Partnerships and integrations: The listing of ADA in the Brave browser wallet, exposing it to over 86 million users, may enhance the adoption of the currency. 
• Market volatility: Wider market effects, including Bitcoin performance and geopolitical tensions, may affect price movement.
✅ Summary
Cardano (ADA) is undergoing a period of volatility, with attempts to maintain current support levels. Predictions indicate the possibility of price increases if positive developments continue in the currency's ecosystem, but caution is advised against potential volatility.
