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The Cardano price edged up slightly in the past 24 hours, trading at $0.942 as of 2:59 a.m. EST, despite a 31% drop in trading volume to $3 billion.
The ADA price has been gaining momentum, surging 40% in the past week, as excitement grows around its expanding ecosystem.
US President Donald Trump recently announced that ADA would be included in the US crypto reserve, a move that sparked enthusiasm among investors.
Meanwhile, the launch of the Plomin hard fork marks a significant milestone, enhancing on-chain governance and giving token holders greater control over protocol changes, reinforcing Cardano’s commitment to decentralization.
🔥After the successful launch of Cardano's Plomin hard fork, @IOHK_Charles spoke on the $ADA community and its strengths. pic.twitter.com/wKie0l2enT
— ALLINCRYPTO (@RealAllinCrypto) January 30, 2025
This push toward transparency and decentralization has caught the attention of major investors, fueling speculation about Cardano’s long-term potential.
Can these developments help ADA hit $25 by 2025, or should traders look toward emerging opportunities?
Cardano Price Aims For A Sustained Breakout
The ADA price chart illustrates a notable transition. Initially, the asset followed a parabolic curve followed by a period of consolidation. The breakout from this pattern led to a strong uptrend in December, pushing the Cardano price to a new high.
However, after reaching its peak, ADA entered a corrective descending wedge pattern that persisted for several months. This channel indicates a controlled pullback rather than a full-fledged downtrend, as prices moved between well-defined support and resistance levels.
Most recently, ADA successfully broke out of the wedge at point C, confirming a bullish reversal. The sharp upward move suggests strong buying pressure, with the price of Cardano now testing a key resistance level around $0.94, according to GeckoTerminal data.
Meanwhile, the Relative Strength Index (RSI) is currently at 56.67, indicating a neutral to slightly bullish momentum. This suggests that while the price of ADA is not yet overbought, there is room for further upside movement if buying pressure continues.
The RSI’s recent surge above 70 briefly put ADA in an overbought condition, but a minor pullback has reset RSI levels to a healthier range.
The Moving Average Convergence Divergence (MACD) blue line is currently above the orange signal line, with both showing positive values. This is a bullish crossover, which historically signals potential further upward movement. Additionally, the histogram bars are green, reflecting increasing bullish momentum.
Can ADA Hit $25 In 2025?
Given the current market conditions, ADA appears to be transitioning from a downtrend to a bullish reversal.
The breakout from the descending channel is a strong indicator of further potential gains. If the Cardano price holds above $0.90, it could push toward $1.10 – $1.20, the next key resistance zone.
Fundamental analysis shows that the price of ADA may still push the asset towards the $25 level in 2025.
However, if the price of ADA fails to sustain its breakout and faces rejection at current levels, a retracement to $0.80 – $0.85 is possible before another attempt at an upward push.
As the Cardano price aims for a bullish rally, investors are buying a new meme coin called Meme Index (MEMEX). According to crypto analyst and YouTuber Jacob Bury, who has over 55.5k subscribers, MEMEX has the potential to be the next 10x crypto.
Meme Index Presale Closing On The $4 Million Mark
The crypto space has recovered, surging 2% in the last 24 hours to a $3.1 trillion market capitalization.
Meanwhile, the meme coin space also shows signs of recovery, having rebounded 5% in the last 24 hours to a $62 billion market capitalization, according to data from Coingecko.
As the meme coin market shows signs of recovery, Meme Index is attracting considerable attention, having raised $3.9 million in its presale.
Meme Index helps make meme coin investing safer by protecting investors from tokens that mainly benefit creators. Meme coins are unpredictable, but smart investments can lead to big gains.
Like in roulette, where spreading bets improves the odds of winning, diversifying meme coin investments can help manage risk and increase the chances of profit.
🚨 Meme Index is live in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled access to the $120 billion meme coin market.
Meme Index offers exclusive access to indexes that cater to every risk… pic.twitter.com/GsiBBuZOzX
— Best Wallet (@BestWalletHQ) December 27, 2024
The platform offers four distinct investment baskets: Titan, Moonshot, MidCap, and Frenzy, catering to various risk appetites.
These baskets range from including established tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) to featuring emerging, high-potential, and high-risk meme coins.
By holding MEMEX tokens, investors gain access to these curated portfolios, simplifying the process of investing in the meme coin sector.
A standout feature of Meme Index is its staking program, which is currently offering an annual percentage yield of approximately 578%.
You can purchase MEMEX tokens on the official website for just $0.0166883 to participate in the presale, before it ends in 25 days.
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Best Wallet - Diversify Your Crypto Portfolio
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