1. Price trend analysis for the next 24 hours (Future)
As of the morning of April 29, 2025, the price of ADA (Cardano) is trading around $0.70457, down slightly by 0.25% in the past 24 hours.
Technical signals:
• Resistance: $0.715 – $0.730
• Support: $0.685 – $0.690
• RSI: Near the 50 range, indicating that the market is in a balanced state, further monitoring is needed to determine the next trend.
Future trading strategy:
• Long scenario: Open a long position when the price adjusts to the support area of $0.685 – $0.690, with a profit target at $0.715 – $0.730.
• Short scenario: If the price does not exceed the resistance of $0.730 and a reversal signal appears, a short position can be opened with a target at the support area of $0.685.
2. Long-term investment strategy
Cardano is a third-generation blockchain with high scalability, low fees, and practical applications in DeFi, NFTs, education, and electronic voting.
Long-term strategy:
• Accumulation: Gradually buy ADA at strong support price areas, especially if there is a correction below $0.690.
• Holding: Keep ADA in a long-term investment portfolio, with a 2-3 year outlook, aiming for price levels of $1.00 – $1.50.
3. Notable news in the past 24 hours
• Cardano announces partnership with World Mobile: Promoting wireless internet coverage in technology-deficient areas in Africa.
• Total TVL of Cardano reaches a 4-month peak: Indicates that large cash flows are returning to the ecosystem, increasing expectations for a strong price recovery.
In summary:
• ADA is showing positive signals in the short term, but further monitoring is needed to determine a clear trend.
• For long-term investors, this could be an opportunity to accumulate ADA with expectations of future growth.
