Cardano Price Prediction: ADA Plummets 4%, While This Best Crypto Wallet ICO Charges Toward $11 Million

The Cardano price has plummeted 4% in the last 24 hours to trade at $0.74 as of 7 a.m. EST on a 57% pump in trading volume to $1.82 billion.

Cardano Price Dumps Amid Strong Resistance

The ADA/USDT chart shows a mix of consolidation, bullish breakouts, and corrective phases. Currently, ADA is trading at $0.7486, with a daily range between $0.7024 (low) and $0.7786 (high), reflecting a 3.76% price increase.

Cardano has been on a prolonged consolidation phase around the $0.62 – $0.65 range before a strong bullish breakout in November 2024. This rally pushed the price toward $1.20, following an almost parabolic move.

However, after reaching this peak, ADA entered a bearish channel in early 2025, consistently making lower highs and lower lows. The recent price action suggests a potential breakout from this downtrend, with ADA rebounding from a support level of $0.6150.

ADAUSDT Analysis Source: Tradingview

From a momentum perspective, the Relative Strength Index (RSI) is currently at 46.72, indicating a neutral to slightly bearish sentiment. However, with the RSI signal line nearing a crossover, there is potential for a shift in momentum towards the bullish side.

If buyers step in, ADA could see an upward push toward the $0.80 resistance level, with a major target of $0.9568. If this level is breached, the next significant resistance stands at $1.20.

For traders, the key support level remains at $0.6150, and holding above this could confirm a bullish outlook. A successful breakout above $0.75 – $0.80 could pave the way for further gains towards the $0.95 – $1.00 zone.

However, if the price fails to sustain above $0.75 and falls below $0.6150, it could invalidate the bullish scenario, leading to potential downside risks. ADA is showing early signs of a trend reversal following the breakout from the bearish channel, and if buying momentum increases, a rally toward higher resistance levels is likely.

Best Wallet Presale Closes On $11 Million – Next Big Crypto?

As Cardano struggles to regain its bullish momentum, investors are turning to Best Wallet (BEST), which has already surpassed $10.9 million in its presale.

Best Wallet is quickly emerging as a top choice for crypto investors. It supports over 60 blockchains and features a built-in DEX, presale aggregator, and crypto debit card.

The Fastest Growing Wallet in Crypto!

In a crowded market, Best Wallet delivers the tools you need to gain an edge. 🚀

1️⃣ Exclusive alpha on new projects.
2️⃣ Buy and claim tokens in the app.
3️⃣ Manage all your assets across multiple chains in one place.

This is why the Best… pic.twitter.com/AT4yos1CmG

— Best Wallet (@BestWalletHQ) December 30, 2024

A standout feature of Best Wallet is its “Upcoming Tokens” section, which helps users discover promising projects in their early stages. The platform has already highlighted meme coins like Pepe Unchained (PEPU) and Catslap (SLAP), both of which gave investors huge gains after exploding on launch.

Investors can also stake BEST tokens and earn an impressive 146% annual return.

Influential crypto analyst and YouTuber ClayBro, who has over 136K subscribers, predicts that BEST could achieve a 10X surge post-launch.

Currently, BEST tokens are priced at $0.024275 and can be bought using cryptocurrencies or a bank card.

Interested investors should buy before a price hike in less than 6 hours.

Visit the official Best Wallet website.

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