Cardano (ADA) has jumped by 2.16% in the last 24 hours, now trading at $0.7259. With a market cap of $25.57 billion and $1.13 billion in trading volume, it’s following the overall crypto market’s momentum. But the real question is, has ADA hit its bottom, or is there room for more movement?
Cardano has mostly been sticking between $0.68 and $0.75 for a while now, almost like its usual range. It did drop below $0.68 recently and bounced back pretty fast, which makes it look like a solid support level. If it stays above that, this might be the lowest it’ll go for now. But if the market takes a turn, there’s still a chance it could slip further.
On the resistance side, ADA is facing a challenge at $0.80. Breaking past this level won’t be easy, but if the market remains bullish and positive momentum continues, a breakout could push it toward $1.
Cardano last hit $1 when Donald Trump made news about creating a crypto reserve that included ADA. That news sent ADA’s price soaring, jumping almost 70% and briefly crossing the $1 mark before settling back down.
Right now, the market looks positive, and if ADA holds its support level while breaking past resistance, it could make another move toward $1. But as always, crypto is unpredictable, and where it goes next will depend on how the overall market plays out in the coming weeks.
Also Read: Is Dogecoin (DOGE) About to Outrank Cardano (ADA) Again?
