The post Can New Upgrade Push Cardano Above $1 Resistance? Expert Backs Rival With Listing Expected in May 2025 appeared on BitcoinEthereumNews.com.

Cardano (ADA) has undergone a major upgrade to the Plomin hard fork, bringing the network closer to its goal of full decentralized governance. The upgrade went live on 29th January; however, the Cardano price has significantly dropped due to the market crash. It saw some recovery on Monday, but now investors are confused about whether developments can push ADA Cardano price to $1 resistance. Meanwhile, crypto enthusiasts are tracking a new utility altcoin, DTX Exchange (DTX), and comparing it to the early days of ADA. This project stands out due to its unique hybrid trading platform and significant potential to deliver exponential returns. DTX Exchange has reached the final stage of the token presale and is preparing for mainnet listing. Experts believe its solid fundamentals make it a strong contender as a leader in the upcoming cycle. Cardano Price Prediction: Is a Bullish Breakout in Horizon? After the recent massive liquidation event on the crypto market, the Cardano price dropped 40.53% from $0.98 to $0.55. However, the recent ADA price action formed a V-shaped recovery as buyers stepped in at the $0.60 support level. This strong rebound in the Cardano price mainly occurred due to a strong demand zone of $0.55 –$0.60. Currently, ADA is trading at $0.75, with a trading volume of $1.55 billion in the last 24 hours. Courtesy: TradingView The Cardano price performance has been exceptional since November last year, but to formulate such gains, major resistances have to be broken. If ADA manages to hold the current support level, it could form a reversal where it will face resistance at $0.80 and $0.90, and a breakout from these barriers could push it to the $1 psychological mark. Also, if the ADA Cardano price fails to hold current levels, it may lead to another drop. DTX Exchange…

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Filed under: News - @ February 6, 2025 3:28 pm