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During January of this year, the Cardano (ADA) coin dropped from $1.1804 to $0.7774 as it broke a significant support level. Despite the bulls’ attempts to regain control, the bearish pressure was too heavy, resulting in a rejection from the resistance of $1.2431. As a result, the ADA investors have been exiting the market, and the coin has been experiencing a downtrend for over a year. Currently, the ADA price is trading at $0.285 and has reclaimed the support level of $0.241 during mid-October. However, the coin is currently at a ‘judgment point’ as the downtrend line is closing in. To break this trend, the ADA bulls will have to make a higher low above this line.  The immediate resistance level for the current price action is at $0.5726. ADA Price Prediction 2024-2027 Price Prediction Potential Low ($) Average Price ($) Potential High ($) 2024 0.3858 0.5321 0.6784 2025 0.5726 0.78915 1.0057 2026 1.0266 1.33305 1.6395 2027 1.5698 1.91105 2.2523 ADA Price Prediction 2024 Based on the forecast for ADA price in 2024, the digital currency could experience a significant surge of up to 138.04% from its present value. The coin is likely to attain a fresh 52-week high in 2024. When an in-depth analysis of the weekly chart patterns was done, some bullish signals were seen. ADA coin has the capability of reaching a maximum of $0.6784 in the year 2024.  ADA Price Prediction 2025 According to the price analysis, it is predicted that the value of ADA in 2025 will reach a new high of $1.0057. The cryptocurrency may show a significant increase of 48.25% from the previous year’s peak. Moreover, the volatility for that year may be medium-high. ADA can reach a low of $0.5726 and the average price is expected to be near $0.78915. ADA Price…

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Filed under: News - @ November 2, 2023 1:22 am