Imminent explosion for Cardano (ADA)? Here’s what the indicators say


13h30 ▪
4
min reading ▪ by
Eddy S.

As 2025 begins, Cardano (ADA) is attracting investors’ attention thanks to bullish sentiment and increasing network activity. Find out how these factors could propel ADA price to new highs and what this means for crypto traders and investors.

Network activity on the rise on Cardano

Cardano’s network activity reflects renewed interest from investors and users. Over the past week, the number of new addresses increased by 4.79%, while active addresses saw an even more significant increase of 11.99%. Additionally, zero balance addresses increased by 12.26%, highlighting growing adoption of the crypto network. These increases suggest a broader adoption trend that aligns with improving sentiment around Cardano.

Additionally, aside from crypto market positioning, the Long/Short ratio reveals a slightly cautious market, with 53.45% of positions being short and 46.55% long. This situation can often lead to short squeezes, where increased buying pressure forces short positions to cover, thereby amplifying ADA’s upside breakout potential.

Crypto – ADA: An imminent explosion?

Cardano’s technical and fundamental indicators are positively aligned, reinforcing the possibility of a bullish breakout above key resistance levels. ADA price is currently testing a critical resistance zone between $1.08 and $1.10. If Cardano manages to break this barrier, it could target higher levels, including $1.30 and potentially $1.40.

However, failure to maintain this level could result in a consolidation around $1.00. As Ryan Lee, chief analyst at Bitget, thinks:

Cardano’s price rally stalled around $1.10, likely due to market consolidation after recent gains, broader market sentiment, and the measured pace of its ecosystem’s growth. This break sets the stage for a potential bullish breakout if price rises above $1.40, or a bearish shift if it fails to maintain current support levels.

Crypto traders and investors should therefore closely monitor ADA price action in the coming days to capture potential opportunities.

Cardano currently finds itself at a crucial juncture where bullish sentiment and increasing network activity could result in a significant break above current resistance levels. If this dynamic continues, ADA crypto could see a price surge in 2025.

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Eddy S. avatarEddy S. avatar

Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.

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