Cryptographic markets rebounded on Monday after a quiet weekend. Bitcoin rebounded near the $ 110,000 mark. Cardano has also jumped 3% in the past 24 hours, exceeding many altcoins. It is currently negotiated at $ 0.767, up 3.8%.
Will Ada have soon reached $ 1?
According to CoesscxADA could be negotiated between $ 0.66 and $ 1.88 in 2025. Some analysts predict that it could even reach up to $ 2.36. To continue its upward trend, ADA must burst the resistance zone of 0.85 and $ 0.90. If he has more than $ 0.83, we could see a strong push towards $ 0.90, or even $ 1.00 soon.
On the other hand, if ADA falls below $ 0.76, it could slip into a downward trend with support levels at $ 0.75 and $ 0.70.
Haussiers technical signs for Ada
The most technical indicators of Cardano are neutral, while MacD shows a slightly lower sign. RSI is also balanced at 53. The short-term EMAs and SMAs are also optimistic. The price is also negotiated above key averages such as the lines of 10, 20, 30, 50 and 100 days. Only the 200 -day mobile average is down, which shows long -term resistance.
In addition, there is growing optimism on the launch of ADA ETF in 2025, which could stimulate demand for the room. To top it all, nearly a billion dollars of ADA has been removed from exchanges, which shows that investors accumulate ADA and have confidence in its growth prospects.
Activity defined
Cardano DEFI activity also increases as its total locked value (TVL) has increased by more than 21% since early April, according to data from Parade. Recent upgrades have made the network faster and more compatible with other channels. And the new cross partnerships bring new cash in its ecosystem.
Recently, the founder of Cardano proposed to help develop the XRP DEFI ecosystem by integrating Rlusd at no cost. Discussions between Cardano and Ripple are still underway to explore this partnership.