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Cardano

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<p><a href="https://captainaltcoin.com/is-cardano-ada-better-than-ripple-xrp-expert-insights/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA)</a> has seen renewed interest as crypto analyst Michaël van de Poppe shared his perception on its performance.&nbsp;</p>
<p>Van de Poppe highlighted key levels for traders, predicting a potential surge to ATHs for the token. This outlook comes with <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="ADA" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ADA</a> experiencing a resurgence in price and trading volume.</p>
<p>At press time, ADA trades at $1.22. This indicates a <a href="https://www.coingecko.com/en/coins/cardano" target="_blank" rel="noopener noreferrer nofollow">rise of 14.80% over the past week</a>. CoinGecko data confirms a robust daily trading volume of $1.44 billion, highlighting the interest in the ecosystem.</p>
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   <p lang="en" dir="ltr">Request 02 – <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ADA</a><br><br>This one has been doing great, but it's just barely up.<br><br>Back in the old range, and I think that $0.75 &amp; $1 are two great swing trade entry zones. <br><br>I do expect a new ATH to come for this ecosystem in 2025. <a href="https://t.co/7lKIRJx3cc" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/7lKIRJx3cc</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1865388293057138823?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 7, 2024</a>
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<h2 class="wp-block-heading" id="strong-ada-key-price-levels-and-market-dynamics-strong"><strong>ADA Key Price Levels and Market Dynamics</strong></h2>
<p>Van de Poppe identified $0.75 and $1.00 as strategic zones for swing trade entries, emphasizing their importance as support levels in the current price structure.&nbsp;</p>
<p>The crypto has moved from its prior accumulation range of $0.30-$0.75 into a higher bracket, trading between $0.75 and $1.24.</p>
<p>The resistance level at $1.24 is seen as a pivotal hurdle, with a breakout potentially paving the way for mid-term targets around $2.00. ADA’s move back into its old range suggests market confidence in its ability to sustain <a href="https://www.coinspeaker.com/cardano-price-prediction-what-are-whales-buying/" target="_blank" rel="noopener noreferrer nofollow">higher price levels</a>.</p>
<h2 class="wp-block-heading" id="strong-historical-trends-and-indicators-strong"><strong>Historical Trends and Indicators</strong></h2>
<p>Cardano’s price action in the last bull cycle saw its value surge to $3.10 in late 2021, marking its ATH. However, ADA entered a bear market and consolidated for a long period. This period saw its prices stabilizing around $0.30 to $0.75 until late 2024.</p>
<p>The analyst points to a recent uptick in trading volume and an upward trend in the RSI as signs of growing <a href="https://www.newsbtc.com/news/cardano/cardano-whales-keep-buying-price-holds-above-crucial-mark/" target="_blank" rel="noopener noreferrer nofollow">bullish momentum</a>. These indicators support the thesis of a potential upward wave that could lead to new highs in the next market cycle.</p>
<p><em>Read also: </em><a href="https://captainaltcoin.com/ripple-whales-accumulate-during-price-correction-as-xrp-price-rebounds/" target="_blank" rel="noopener noreferrer nofollow"><em>Ripple Whales Accumulate During Price Correction as XRP Price Rebounds</em></a></p>
<h2 class="wp-block-heading" id="strong-analyst-s-perspective-on-long-term-potential-strong"><strong>Analyst’s Perspective on Long-Term Potential</strong></h2>
<p>Van de Poppe’s optimistic forecast aligns with broader market expectations for Cardano’s ecosystem.&nbsp;</p>
<p>He anticipates that its ongoing developments and growing adoption could drive a return to ATH levels and hit a new one by 2025. His tweet highlights the importance of monitoring key support zones, offering traders insights into potential entry points during price retracements.</p>
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<p>The post <a href="https://captainaltcoin.com/expert-makes-bold-cardano-ada-price-prediction-reveals-key-entry-zone/" rel="noopener noreferrer nofollow">Expert Makes Bold Cardano (ADA) Price Prediction, Reveals Key Entry Zone</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Makes Bold Cardano (ADA) Price Prediction, Reveals Key Entry Zone

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