• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cardano (ADA) Gaining Momentum: New Rally Opportunities

user avatar

by Giorgi Kostiuk

a year ago

Cardano (ADA) is exploring new opportunities after hitting a two-year high as bullish sentiment prevails amid volatile swings.

Current Market Situation

Cardano (ADA) has seen significant growth, surpassing $1.2, marking a two-year high. However, this attracted bears, causing a drop of over 30%. Despite this pullback, recent trends indicate growing bullish dominance.

Impact of the Bullish Trend

The recent bullish run allowed ADA to break above the descending trend line since the 2021 high, reviving hopes for a bull run in 2025 with potential new heights above $3.

Future Projections

Current dynamics suggest that Cardano could breach interim resistance around $0.968, potentially pushing towards $1.175 to $1.28. If bullish conditions persist, a new ATH could be set before year-end.

Cardano (ADA) shows signs of sustainable growth, but the situation remains volatile. The upcoming months will be crucial in shaping its trajectory.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Dormant Bitcoin Whale Moves 2,043 BTC After Seven Years

chest

A dormant Bitcoin whale has moved 2,043 BTC after nearly seven years, indicating a potential shift in market dynamics.

user avatarSon Min-ho

Investigation into Crypto Scams Expands Amid Rising Fraud Cases

chest

Federal agencies are intensifying investigations into a surge of crypto-related scams, with significant financial losses reported due to phishing and social engineering tactics.

user avatarAyman Ben Youssef

Daren Li Sentenced to 20 Years for Crypto Romance Scam

chest

Daren Li was sentenced to 20 years in prison for his role in a large-scale crypto romance scam that defrauded victims of over $73 million.

user avatarTando Nkube

Hong Kong's Financial Regulator Signals Move Towards Perpetual Futures Contracts

chest

Hong Kong's financial regulator is considering the introduction of perpetual futures contracts for licensed crypto exchanges, marking a significant development in the region's digital asset framework.

user avatarKofi Adjeman

Russian Authorities Tighten Control Over Telegram

chest

Russian authorities are increasing their regulation of Telegram, citing breaches of local laws.

user avatarNguyen Van Long

Institutional Buying Signals Confidence in Bitcoin Market

chest

SkyBridge Capital, led by Anthony Scaramucci, is actively buying Bitcoin during its price dip, indicating long-term confidence in the cryptocurrency despite short-term volatility.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.