TL;DR
- Cardano (ADA) has surpassed the $1 mark, registering a 24.1% growth in the last week, making it one of the strongest cryptocurrencies.
- ADA has surpassed many technical barriers, such as the 50-day simple moving average (SMA), and is facing resistances around $1.12 and $1.18.
- Estimates suggest a price range of $3 to $6 by the end of 2025.
Cardano (ADA) has achieved significant growth in the early days of 2025, surpassing the $1 mark per token once again.
The rise has exceeded 24.1% in the last week, marking a true resurgence and a consolidation phase for the cryptocurrency. In recent days, it has overcome several technical barriers, including the 50-day simple moving average (SMA) and the psychological level of $1, which has attracted the attention of many investors toward ADA.
Smooth Sailing and Bullish Trends
In the charts, a clear bullish trend is visible, especially after ADA surpassed the $1 level, a figure reached in December 2024. The recovery of this level has been driven by a wave of buying that allowed the cryptocurrency to break through all resistances. Currently, ADA is trading at $1.08 and has recorded a daily increase of 13.4%. The new challenges revolve around the resistance levels of $1.12 and $1.18, but its ability to stay above $1 could lay the foundation for sustained recovery.
From a technical standpoint, indicators such as the relative strength index (RSI) point to a market with a bullish sentiment. This means ADA could continue to rise in the short term. However, analysts warn that, while the trend is positive, it is crucial for Cardano to maintain its upward momentum to avoid potential setbacks.
Is Cardano Approaching New Highs?
Additionally, Cardano is in the midst of a series of updates that could strengthen its position in the market. Among them is the integration of the Bitcoin-focused DeFi ecosystem, which would allow Cardano to connect with Bitcoin market liquidity and leverage its scalable infrastructure for decentralized applications.
Regarding future predictions, some analysts believe ADA could reach new all-time highs in the coming months, with estimates pointing to a price range of $3 to $6 by the end of 2025. If the bullish trend continues and the upcoming network developments are successfully implemented, ADA could stay on track toward these goals
