Cardano (ADA) is gaining momentum with an impressive 11% surge in price, fueling expectations of a new all-time high (ATH) by 2025. ADA has broken through its previous trading range, signaling a potential bull run.
Currently trading at $1.03, Cardano has experienced a sharp upward move from its earlier sideways action around $0.85. Analysts are closely watching the TD Sequential indicator, which has recently flashed a “1” buy signal, hinting at a shift from bearish to bullish territory.
This suggests that ADA could be on a recovery path after recent consolidation. If Cardano continues to build on this momentum, resistance levels at $1.00 and $1.10 could be the next targets.
Cardano’s market capitalization has grown to $36 billion, reflecting the strong interest from investors. Additionally, trading volume has surged by 6%, reaching $1.33 billion, indicating higher liquidity and a thriving market. As long as ADA maintains support around $0.85, the bullish sentiment is likely to continue.
Experts like Michaël van de Poppe also see potential for further growth. He suggests that ADA could continue its upward trajectory, with key resistance at $1.2430 potentially signaling the start of a new bullish phase that could drive prices to new highs in 2025.
With increasing investor confidence and technical indicators showing positive signs, now might be a great time to consider accumulating ADA as it sets its sights on new records.
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