Everyone, today Hao is here to chat about the price trend of Cardano (ADA). Recently, I've been studying the latest market data and analysis reports, and I'll provide a comprehensive forecast for everyone.
First, let's look at the resistance level. Currently, the ADA price is hovering around 0.78 and needs to break through the key resistance level of 0.81 to have a chance to hit the psychological level of 1.0. If it really breaks through, reaching 1.5 before the end of the year is not impossible.
Now, let's talk about the support level. The short-term support is in the range of 0.62 - 0.66. Once it breaks below, it will likely pull back to 0.54 - 0.60.
In terms of technical indicators, the RSI is close to 60, but it hasn't reached the overbought level of 70. However, if it continues to rise, we need to pay attention to the risk of a short-term pullback.
Many models predict that conservatively by the end of the year, the price center will be in the range of 0.80 - 1.40, which is a potential increase of 20 - 30% from now.
If we are a bit more optimistic, breaking through the key resistance and with ecological development going smoothly, and if there are technological upgrades or institutional collaborations, reaching 2.0 - 3.0 is not a dream.
In the short term, within 1 - 2 months, the focus should be on the breakthrough situation at 0.81. If it breaks through, reaching 1.0 is not a problem, with a potential increase of about 28%; if it cannot break through, it will pull back to 0.60 - 0.65.
Looking ahead to the end of 2025, the neutral expectation is between 1.2 - 1.8, and if the ecosystem explodes, in an optimistic scenario, it could reach 3.0.
Finally, looking further ahead to 2030, it is generally believed that the price will be between 3 - 6, with the most optimistic models suggesting that if the global adoption rate increases, it could reach 12.
Lastly, Hao would like to give everyone today's operational guide: short around 0.7835 - 0.7850, targeting 0.7786 - 0.7530. However, the cryptocurrency market is highly volatile, so operations must be cautious #ADA .