🚨 $ADA at a critical turning point… Are we going back to $1 or sinking lower?!
🔥 In the elite world, Cardano proves it’s not just a word 👌
📌 Current price:
✨Cardano is currently trading at ≈ $0.7229 USD, with a slight daily increase of +0.06%.
✨The trading volume over the last 24 hours exceeded $1.01 billion USD, and the market cap is around $25.6 billion USD.
✨Ranked #11 in the overall crypto market by market cap
⚡ Performance and technical analysis:
✨The currency has recovered from a low near $0.69, and stands above the 50-day moving average at ≈$0.68, while resistance is close at the $0.80 level.
✨RSI indicators ~60, MACD is positive, and most averages indicate “strong buy” on the weekly timeframe.
✨However, the 200-day level is still a selling pressure. It could push the price towards $1.00 then $1.13–$1.40 if the resistance is broken.
🚀 Expected future:
✨Technical analyses predict ADA to reach between $1.15–$1.74 on average, with the possibility of higher prices reaching **$2.50–$4.00** in the long term, and even estimates reaching **$6+** if technical momentum, institutional adoption, and DeFi expansion on the network continue.
✨But the warning exists: Cardano's dependence on regulatory approval and institutional reliance makes it susceptible to any pressures or delays in ETF listings.
💬 Share your opinion: Is ADA capable of rising to $1+? Or is it just a temporary trend?
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