Cardano is one of the most distinguished cryptocurrency tokens that has fought vigorously to claim the $1 mark this year briefly. The fact that ADA spends the majority of its time fighting the critical resistance levels of $0.30 and $0.40 speaks volumes about the token’s rigor, consistency, and dedication. With the year 2025 approaching hard and fast, will the token be able to claim the $1 mark and move beyond the lines to hit new highs? Let’s find out.
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ADA: Fight For $1 or $2 in 2025?
Cardano has had a rough 2024. ADA has spent the majority of the current year in distress, hovering at the $0.30-$0.40 price level. The current Bitcoin surge proved lucrative for ADA, helping the token come out of the depressing price rut that it was in to help it claim the $1 mark. However, as the Bitcoin frenzy mowed down, the altcoin market retraced its steps, helping ADA to calm its pace and stabilize around $0.88.
$200k $BTC just became more likely
$10 $ADA is now more a reality
$5 $XRP now more likely to happen
$1 $DOG is now more achievable
$20k $ETH is now more within reach
— Dan Gambardello (@cryptorecruitr) December 19, 2024
Per several cryptocurrency analysts, Cardano is busy forging its own price path. Dan Gambardello, a leading cryptocurrency analyst, had earlier shared fresh price forecasts for many cryptocurrencies, including ADA, which he thinks may touch the ambitious $10 price mark in the near future.
#Cardano $ADA is following an eerily similar pattern to its previous cycle. Back in 2020, the first major correction after the bull rally began happened at the very same time as the correction we are experiencing today.
$6 next! pic.twitter.com/CPrYdQQqyx
— Ali (@ali_charts) December 22, 2024
Another notable crypto price analyst, Ali, shared how Cardano is following an eerily similar pattern, which can catapult its price to $6.
“#Cardano $ADA is following an eerily similar pattern to its previous cycle. Back in 2020, the first major correction after the bull rally began happened at the very same time as the correction we are experiencing today. $6 next!”
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The Token’s Price Path In 2025?
Per CoinCodex, Cardano is expected to trade between $0.90 and $4 in 2025.
“In 2025, Cardano is forecasted to trade in a price channel between $ 0.907143 and $ 4.82. On average, ADA is expected to change hands at $ 2.69 during the year. The most bullish month for ADA could be August, when the currency is anticipated to trade 453.30% higher than today.”
Also Read: Cardano (ADA), Solana (SOL) & Binance Coin (BNB) Year End Price Paths
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