Cardano Price Analysis: Key Levels to Watch as Investors Brace for Recovery in Early 2025
The post Cardano Price Analysis: Key Levels to Watch as Investors Brace for Recovery in Early 2025 appeared on BitcoinEthereumNews.com.
Cardano (ADA) is navigating a critical phase in its price trajectory, consolidating below the $1.00 mark amid broader market uncertainty. While the cryptocurrency has struggled to reclaim significant levels, signs of resilience from long-term holders and technical indicators provide a cautiously optimistic outlook for ADA in 2025. Key Support and Resistance Levels in Focus Currently, ADA is trading within a defined range between $0.85 and $1.00. This consolidation highlights a period of indecision among traders and investors. Analysts identify $1.00 as a pivotal resistance level. If breached, it could spark a rally toward $1.23, provided broader market conditions improve. Cardano (ADA) finds solid support at $0.85. Source:FinCaesar via X On the downside, ADA finds robust support within the $0.829–$0.879 demand zone. This range has been characterized by consistent buying activity, underscoring its importance for price stability. According to recent technical analysis, higher lows formed since late December suggest a bullish sentiment, though sustained momentum remains key for further gains. Long-Term Holders Anchor Stability One of the factors contributing to ADA’s price stability can be drawn from the long-term holder support. These types of investors, who tend to be resistant to market volatility, have played an important role in reducing sell-offs. According to Santiment, the positive MVRV Long/Short Difference, resting at 45%, signals considerably unrealized profits among LTHs. Cardano (ADA): Total Supply vs. Price. Source:Santiment As one analyst familiar with the dynamics of the cryptocurrency said, “Long-term holders provide stability to ADA’s price by absorbing sell pressure and reinforcing confidence in the asset. Investor Sentiment and Market Participation Despite this stability, bearish signals from the Daily Active Addresses (DAA) Divergence indicator point to declining participation from both retail and institutional investors. This waning enthusiasm has created a cautious environment, with many adopting a wait-and-see approach. The Daily Active Addresses (DAA) of…
Filed under: News - @ January 13, 2025 9:20 pm