The cryptocurrency markets saw a rise on Monday after a quiet weekend, with Bitcoin nearing $110,000. **Cardano** also experienced a 3% surge in the past 24 hours, surpassing many other altcoins, and is currently trading at $0.767, up by 3.8%.
According to predictions by **CoinDCX**, **ADA** could trade between $0.66 and $1.88 in 2025, with some analysts suggesting it could go even higher to $2.36. For **ADA** to continue its upward trend, it needs to break out above the resistance zone of $0.85-$0.90. If it maintains above $0.83, there could be a strong push towards $0.90 or potentially $1.00.
On the other hand, if **ADA** falls below $0.76, it might enter a bearish trend with support levels at $0.75 and $0.70.
Technical indicators for **Cardano** are mostly neutral, with a slightly bearish signal from the MACD. The RSI stands at 53, indicating balance. The short-term and mid-term EMAs and SMAs are bullish, with the price trading above key averages. The only bearish indicator is the 200-day moving average, suggesting long-term resistance.
There is increasing optimism surrounding the potential launch of **ADA** ETFs in 2025, which could boost demand for the coin. Additionally, nearly $1 billion worth of **ADA** has been withdrawn from exchanges, indicating that investors are accumulating **ADA** and have confidence in its growth prospects.
**Cardano**’s Defi activity is on the rise, with Total Value Locked (TVL) increasing by over 21% since early April, as reported by **DeFiLlama**. Recent upgrades have made the network faster and more compatible with other chains, while new cross-chain partnerships are bringing in fresh liquidity.
Recently, the founder of **Cardano** offered to support the growth of **XRP**’s Defi ecosystem by integrating RLUSD without any fees. Talks between **Cardano** and **Ripple** are ongoing to explore this potential partnership.
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