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Cardano Price Analysis: Can Bitcoin Recovery Lead to a Rise Above $0.78?

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by Giorgi Kostiuk

2 hours ago

While the price of Cardano (ADA) continues to decline, its impact is significantly tied to Bitcoin's movement and overall regulatory issues.

Recent ADA Price Movements

ADA has decreased by 50% from its all-time high of $1.30 registered in December. As of February 27, 2025, ADA is trading at approximately $0.668253.

Technical Indicators and Price Prediction: Can ADA Reach $0.78?

Liquidity analysis indicates important price levels: $0.62 is a support boundary, while $0.78 is a major resistance boundary. The low Relative Strength Index (RSI) and positive Chaikin Money Flow (CMF) reflect current market activity.

Bitcoin's Influence on ADA's Next Move

ADA's dynamics heavily depend on Bitcoin's movement. Should Bitcoin recover, ADA might maintain key support areas and attempt to break through the resistance at $0.75-$0.78.

Investors should closely monitor Bitcoin's movement and overall macroeconomic conditions to determine ADA's further direction.

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