Analysts are turning their attention to Cardano ($ADA), anticipating a potential price rally that could take it to $3 by 2025. 📈 After a 40% correction following an impressive 300% surge from November lows, technical signals and optimism in the market suggest that ADA could be on its way to a new bullish phase. Will this pause be the prelude to an explosive move? 💥
Cardano in the market: between volatility and opportunity 🌊
ADA is currently trading at $1.06 with a daily trading volume of $965 million. 📊 Over the past seven days, it has seen a 4.34% decline, reflecting widespread market volatility. However, in the long term, Cardano remains within a sustained bullish cycle, moving towards a key trading range between $0.9850 and $1.2430.
🔑 Key market data:
Circulating supply: 36 billion ADA
Market Cap: $30.74 Billion 💰
Support Zone: $0.74–$0.98 (considered ideal for accumulation) 📉
Market dominance: 2.8% of the total crypto market 🌍
Major Resistance Level: $1.2430 ⚠️
Furthermore, ADA’s performance has shown positive correlation with other key assets such as Ethereum and Bitcoin, reinforcing the likelihood of a synchronized push across the entire crypto market.
🏔️ Bullish Targets: If market conditions are favorable, ADA could reach between $2.50 and $3.00 in 2025, setting new all-time highs.
💥 Decisive breakout: Breaking through the resistance at $1.2430 would confirm the upward momentum, marking the beginning of a new growth phase.
