Your ADA, currently priced at $0.80, shows early signs of recovery, but it is slowing down after its recent rise.
Support levels at $0.784, $0.769, and $0.755 are the key support levels; falling below $0.71 may indicate the failure of the rally.
If ADA maintains its support level, it could soon reach $0.852-$0.87, with the possibility of reaching a target of $2 in the long term.
The digital currency Cardano (ADA) shows signs of recovery, trading at $0.80, but it is too early to describe it as a full comeback. After a steady rise from its recent low, the coin has started to cool off a bit, and the next few days will show whether it will continue its rise or lose momentum. Let’s see if ADA will maintain its position or decline further.
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Important levels and upcoming targets
ADA currently has significant support prices at $0.784, $0.769, and $0.755, where buyers may intervene to halt a larger decline.
If the price falls below $0.755, the next stop level could be $0.74, and falling below $0.71 would be bad news, indicating the end of the rally. However, if ADA stays above these levels, traders expect it to reach around $0.852 or $0.87 soon, paving the way for a stronger rally.
Analyst Ali Martinez expresses optimism, stating that ADA's price is following the same pattern as its previous cycle, but it is moving slowly.
It is believed that this could be the beginning of a massive rally, potentially reaching two dollars in the long term. Still, the target of two dollars is currently elusive, but holding at this level is important.
If ADA maintains its support and continues this rise, more buyers will enter, paving the way for further increases later in 2025. The market is watching closely, and the next steps will determine whether Cardano will achieve real success or stumble again.