Important Cardano Price Levels to Monitor in 2025
Cardano (ADA) is one of the cryptocurrencies that’s been on the rise lately, trading at $1.06 on January 4, 2025. This represents a 22.6% weekly growth, which is pretty impressive. The increased price is backed by a rise in trading volume, indicating that more people are buying ADA.
Looking at the daily chart for ADA/USD, we can see that the Relative Strength Index (RSI) is at 59.46, signaling that ADA is in a bullish phase with more room for growth. When the RSI is higher, it might mean a price correction is on the horizon. The Moving Average Convergence Divergence (MACD) indicator also confirms this bullish trend, with the MACD line crossing above the signal line. The positive histogram bars further support the idea that the price will continue to climb in the short term.
For ADA’s future performance, it’s important to keep an eye on key support and resistance levels. At $0.96, there’s a strong support level that the price has bounced off before recent surges. If selling pressure increases, the price may test $0.88 and $0.80 during a decline. On the upside, $1.10 is an immediate resistance, followed by a tougher barrier at $1.20, which could limit further gains. If ADA manages to break through $1.20, the next resistance zone could be around $1.30.
In 2024, ADA’s price experienced periods of stability with low inflows and outflows. However, there was a notable increase in outflows from late November to December, indicating that some traders were taking profits and maybe even selling off some of their holdings. This trend coincided with sharp price increases in the market.
Overall, with the positive indicators and key levels to watch, ADA seems to be in a good position for potential growth in the near future.
