📊 Technical Analysis & Market Sentiment
• Support & Resistance: $ADA has recently bounced off the $0.7460 support level, indicating a potential stabilization in the $0.65–$0.75 range. 
• Bullish Indicators: Technical indicators suggest a cautiously bullish outlook, with potential to break above $0.80 if positive momentum continues. 
• Bearish Scenario: An Elliott Wave analysis projects a possible correction to $0.42, representing a 50% drop from current levels. However, this could be followed by a bullish impulse pushing ADA above $1.60. 
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🔮 Price Predictions for 2025
• Short-Term: Analysts predict ADA could reach between $1.30 and $2.60, especially if ETF approval odds, currently at 71%, materialize. 
• Mid-Term: Projections for August 2025 estimate ADA could rise to approximately $1.16, building off July’s market momentum. 
• Long-Term: By the end of 2025, forecasts suggest ADA could range from $0.80 to $1.00, with some analysts predicting a potential high of $1.88. 
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⚠️ Risks to Monitor
• Regulatory Concerns: Past regulatory actions, such as the SEC’s scrutiny of Cardano, have impacted its price. Investors should stay informed about ongoing regulatory developments. 
• Market Volatility: Despite positive indicators, the crypto market remains volatile. ADA’s price could be influenced by broader market trends and investor sentiment.