The post Will Cardano Crash to $0 in January 2025? appeared on BitcoinEthereumNews.com.

The cryptocurrency market has always been known for its volatility, and Cardano (ADA) is no exception. Currently trading around $0.92, ADA has faced significant bearish pressure. This has led many investors to wonder if Cardano is at risk of crashing to $0. To address this concern, let’s analyze its Daily and Hourly charts and provide a detailed outlook for January 2025. How has the Cardano Price Moved Recently? As of today, Cardano (ADA) is priced at $0.923695, with a 24-hour trading volume of $2.19 billion, a market capitalization of $32.47 billion, and a market dominance of 0.98%. Over the last 24 hours, ADA’s price has increased by 0.28%. Cardano reached its all-time high of $3.10 on September 2, 2021, and its all-time low of $0.017354 on October 1, 2017. The lowest price since its ATH was $0.234392 (cycle low), while the highest price since the last cycle low was $1.3216 (cycle high). The current price prediction sentiment for ADA is neutral, while the Fear & Greed Index stands at 69 (Greed), suggesting cautious optimism in the market. Cardano’s circulating supply stands at 35.15 billion ADA, out of a maximum supply of 45.00 billion ADA. The current annual supply inflation rate is 3.94%, with 1.33 billion ADA minted in the last year. Cardano Price Prediction: Hourly Chart Analysis ADA/USD Hourly Chart- TradingView The hourly chart gives us insight into short-term market movements and sentiment. Below are the key observations: 1. Persistent Downtrend: ADA price is in a clear downtrend, characterized by lower highs and lower lows. The Bollinger Bands show that the price is hovering near the lower band, which indicates sustained bearish momentum. 2. Weak RSI Levels: The RSI (14) is currently at 40.51, which signals bearish momentum. However, it hasn’t yet reached oversold levels, suggesting there may still be…

---

Filed under: News - @ January 11, 2025 5:22 am