Cardano's ADA Eyes Major Gains with Bullish Predictions and Recent Surge
TL;DR Summary
Cardano (ADA) has recently surged over 20%, trading near $0.72, breaking through key moving averages and resistance levels, sparking discussions about its potential to reach new price milestones by mid-2025. Despite strong bullish momentum indicated by technical metrics like RSI and MACD, which suggest possible short-term corrections, on-chain data shows increased network activity and user engagement. The derivatives market reflects growing trader confidence, though caution is advised due to potential volatility from over-leverage. Cardano's future growth hinges on maintaining momentum and overcoming resistance.
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