2025 Cardano Rally: ADA Surpasses $1 with a 13% Daily Surge
Bitcoin’s rangebound trade impacted the whole market, but Cardano’s ADA token surged 13.43% over the last day to top advances among cryptocurrency heavyweights. With a 2% increase in BTC, ETH, SOL, and DOGE, ADA surpassed $1, a three-week high. Rising 1.57% was the broad-based CoinDesk 20 (CD20), a liquid index that tracks the biggest tokens by market capitalization.
Cardano Eyes $1.32 as Technical Indicators Signal Bullish Momentum
Although there was no immediate cause for ADA‘s bump, the protocol is expected to undergo several significant changes in the months to come. These include continuous attempts to enhance Cardano’s scalability, network performance, and interoperability with other networks, as well as a decentralized financial ecosystem focused on Bitcoin. Price-chart research indicates that the coin may see future increases of up to 30%.
ADA’s three-day rise has lifted prices above a trendline characterizing the four-week pullback from early December highs. The breakout and a renewed bullish crossover on the momentum indicator MACD suggest the potential for a re-test of the Dec. 3 high of $1.32. The widely-tracked 14-day RSI is looking to cut through a descending trendline, validating the bullish price action,
CoinDesk analyst Omkar Godbole
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