The Cardano (ADA) coin experienced a noticeable price jump over the last week, topping the list of the best cryptocurrencies in terms of weekly gains. It was trading at around $0.95 at the time of writing this report, which led analysts to wonder: Can ADA maintain this momentum until the end of 2025?
Breaking through historical resistance levels
According to analyst Lark Davis, Cardano managed to surpass a long-term resistance level, coinciding with the emergence of what is known as the "golden cross," which occurs when the short-term moving average crosses above the longer-term average, typically an indicator of an upward trend.
It is noted that the last time this pattern occurred, ADA achieved gains exceeding 200%, which strengthens the expectations for a possible repeat of the scenario this year.
Current market position
Cardano rose by about 18% over the past week and approximately 10% over the last month.
Still up 85% from its lowest levels last June.
The Relative Strength Index (RSI) reached levels of 71, indicating an entry into "overbought" conditions.
Analysts expect the price to hold around $0.90 or to retreat to $0.84 before any new rise.
Movements of major investors and futures markets
Whales (wallets holding between one million and ten million ADA) bought over 120 million coins in the past weeks.
Futures have seen an increase in open interest, reflecting an increase in speculation and expectations for more price movements.
Despite the overbuying condition, the market showed resilience with ADA maintaining a strong position.
Technical developments and institutional support
On a fundamental level, the Cardano network is strengthening its infrastructure through projects such as:
Hydra: A solution for scaling and increasing transaction speeds.
Akropolis: Aims to improve contract performance.
Institutional interest has also increased with ongoing discussions about the potential launch of a Cardano-specific exchange-traded fund (ETF), which could provide additional liquidity and give traditional investors a new entry into the market.
Additionally, the uses of Cardano are expanding globally, such as the application of the Atala PRISM digital identity solution in the education sector in Ethiopia, and the increase in staking wallets and projects built on the network.
2025 Expectations
Analysts believe that ADA entered 2025 with double momentum:
Technically: Thanks to breaking the resistance and rising to levels not seen in a long time.
Fundamentally: Through continuous development, institutional support, and global adoption.
And although the market may experience some short-term pressures due to profit-taking, the overall trend suggests that Cardano can maintain its important position among the major cryptocurrencies.
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