The price of Cardano (ADA) is rising significantly, with analysts predicting a new all-time high (ATH) in 2025.
The cryptocurrency has broken out of its previous trading range and entered an upward trajectory, as indicated by strong technical signals and increased market activity.
With key support at $0.8702 and resistance at $1.2430, ADA is showing signs of sustained growth fueled by increasing investor confidence.
The TD Sequential Indicator signals a bullish reversal for the Cardano price
As noted by analyst Ali, TD Sequential has displayed a “1” buy signal on the 3-day chart for Cardano. This indicates a possible shift from the area of decline to the area of growth.
This technical indicator helps detect trend reversals, so its appearance can only mean bearish pressure is weakening. Therefore, ADA may be on the road to recovery after the consolidation pattern of the past few days.
A TD sequential buy signal is accompanied by higher price and volume action. Levels around $0.95 and $1.00 stand as immediate obstacles for the bulls.
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And that will define the further direction of this meeting. Once the Cardano price is able to overcome these resistances, it will open the door for a potential sustained price increase.
But if the support cannot be held around $0.8377, this may lead to further selling action. Therefore, the volume and candlestick formations will be of great interest.
Daily chart analysis highlights ADA’s bullish breakout
Cardano’s daily chart shows a bullish breakout with a swing of 14.20% in the last trading day. ADA is currently trading at $0.9626. This is a big relief from its previous sideways movement at $0.85, with a daily trading range between $0.85 and $0.96.
This movement shows strong intraday buying pressure and increasing market interest.
The market capitalization increased to $33.82 billion compared to the previous week, resulting in a growth of 14.20%, and the 24-hour trading volume increased by 145% to $1.44 billion, showing improved liquidity and trading volume .
Also, ADA has a fully diluted market capitalization (FDV) of $43.31 billion. This means that most of its 45 billion tokens are in circulation, which in turn prevents inflation.
From a technical perspective, Cardano price is trading within bullish territory as it is trading above short-term moving averages. Support is developing at the $0.85 level and the first strong resistance is around $1.00.
Bullish momentum boosts the price of Cardano
Cardano continues to show strong bullish sentiment, with analysts pinpointing the levels and potential price movements of the cryptocurrency. With the current upside ADA may jump above $1.00 and possible targets would be $1.10 and $1.20.
Such levels can only be reached if buying pressure is maintained and trading volume increases.
On the other hand, a failure to hold above the $0.92 level may lead to a pullback towards the $0.85 level, which is a key support level for the Cardano price.
Any drop below this region can lead to a short-term decline, but the overall outlook is bullish and such a situation cannot be expected.
The best time to accumulate ADA
Another expert, Michaël van de Poppe, also shared his thoughts on Cardano’s price dynamics and saw the potential for further growth during the pullback.
Cardano price had a strong start, but then went through a correction phase where it fell by almost 40%. But according to van de Poppe, the current correction is coming to an end, which is a signal for a new wave to the upside.
Furthermore, the analyst focuses on the $0.7460 to $0.8702 range for traders trying to enter at the bottom and build the next wave higher.
He also mentioned that a break above the $1.2430 level could signal the start of a new bullish trend that could propel the currency to a new record high in 2025.
