The price of Cardano 
$1 (ADA) has surpassed the critical $1 mark, reflecting the increasing optimism in the cryptocurrency market. Beginning with a sharp 20% rise at the start of 2025, ADA marked a significant milestone by exceeding $1 for the first time since December 2024.
ADA Coin Forecasts
Some analysts suggest that ADA could move towards a $3 target in the coming months based on the Elliott Wave theory. According to the technical predictions of EWT, Cardano appears to have entered a fifth-wave structure. This analysis indicates that ADA is likely to experience significant price movement as it approaches the $3 level.
ADA Coin’s Future
To maintain a sustainable upward trend, the next resistance levels for ADA have been identified at $1.13 and $1.15. On the downside, the immediate support level stands at $0.98, with additional support points at $0.85 and $0.75. If the current momentum persists, ADA is expected to perform strongly in the first quarter of 2025.
Technical indicators support this bullish narrative, with third-wave Fibonacci projections indicating potential price levels between $2.80 and $3.10. ADA rose to as high as $1.10 during the day, recording a 2% increase in the last 24 hours and a 20% rise over the past week.
Currently, ADA is priced at $1.09, firmly establishing itself above the $1 threshold. This is regarded as a significant psychological level for investors and seen as a positive sign for future price movements of ADA.
The strong momentum that began at the start of 2025 and the Elliott Wave projections provide a promising outlook for Cardano. If the current optimistic trend continues, reaching the $3 target for ADA appears feasible.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
