Cardano (ADA) price is gaining significant traction, with analysts predicting a new all-time high (ATH) in 2025.
The cryptocurrency has broken out of its previous trading range and entered a bullish trajectory, as indicated by strong technical signals and heightened market activity.
With key support at $0.8702 and resistance at $1.2430, ADA is showing signs of sustained growth driven by increasing investor confidence.
TD Sequential Indicator Signals Bullish Reversal For Cardano Price
As pointed out by analyst Ali, the TD Sequential has displayed a “1” buy signal on the 3-day chart for Cardano. This indicates a possible shift from the bearish territory to the bullish territory.
This technical indicator is helpful in detecting trend reversals, and, therefore, its appearance may only mean that the bearish pressure is weakening. Thus, ADA may be on a recovery course after a consolidation pattern in the last few days.
TD Sequential buy signal is accompanied by higher price and volume action. The levels around $0.95 and $1.00 stand as immediate barriers to the bulls.
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And this will define further direction of this rally. Once Cardano price is able to overcome these resistances it will open the door for a potential sustained price surge.
But if support cannot be sustained around $0.8377, this may lead to further selling actions. Therefore, volume and candlestick formations will be of high interest.
Daily Chart Analysis Highlights ADA’s Bullish Breakout
Cardano’s daily chart shows a bullish breakout with a momentum of 14.20% on the last day of trading. ADA is currently trading at $0.9626. This is a major relief from its previous sideways movement at $0.85, with the daily trading range between $0.85 and $0.96.
This movement shows strong intraday buying pressure and a rising market interest.
The market capitalization has increased to $33.82 billion from the previous week resulting in a 14.20% rise, and the 24-hour trading volume has surged by 145% to $1.44 billion, demonstrating improved liquidity and trade volume.
Also, ADA has a fully diluted market capitalization (FDV) of $43.31 billion. This means that a majority of its 45 billion tokens is in circulation and this in return prevents inflation.
From the technical perspective, Cardano price is trading within the bullish territory as it is trading above the short-term moving averages. The support is developed at the level of $0.85 and there is first strong resistance at the round $1.00.
Bullish Momentum Drives Cardano Price Higher
Cardano is still showing strong bullish sentiment, and analysts are pinpointing levels and potential developments of the cryptocurrency’s price. With the current upward movement ADA can have a push through $1.00 and possible targets would be $1.10 and $1.20.
Such levels can only be achieved when the buying pressure is sustained and the trading volume increases.
On the other hand, a failure to hold above the $0.92 level may lead to a pull back towards the $0.85 level which is a crucial support level for Cardano price.
Any drop below this region may lead to short term bearishness but the overall outlook is bullish and such a situation may not be expected.
Best Time to Accumulate ADA
Another expert, Michaël van de Poppe, has also shared his thoughts on the Cardano price dynamics and has noted a potential for further growth during the pullback.
Cardano price had a strong start but then went through a correction phase where it dropped by almost 40%. But according to van de Poppe, the current correction is coming to its end, which is a signal for another wave up.
Furthermore the analyst focuses on a range of $0.7460 to $0.8702 for traders trying to enter at the bottom and ride the next wave higher.
He also mentioned that a stand above $1.2430 level could signal the beginning of a new bullish trend which could propel the currency to a new record high in 2025.
