The price of Cardano approaches touching $0.99: Will ADA finally break the $1 barrier in May 2025?
The price of Cardano approaches $0.99: Will ADA finally break the dollar barrier in May 2025? The price of Cardano (ADA) is moving near the $0.99 level after rising by 12% over the past week despite the cooling indicators that have started to spread in the market. In a noteworthy development, a whale withdrew $20 million worth of ADA from exchanges on April 24, a signal that is usually seen as paving the way for significant price increases in the future. On another note, the price of ADA maintains its support above the 50-day exponential moving average at $0.6867, while the relative strength index (RSI) at 38 indicates the possibility of continued buying momentum. Technical indicators, along with the decline in supply on exchanges, suggest the potential for a sustainable rise above the $1 level.
Buy and trade currencies $BNB