Cardano

Future

Resistance

Higher

<p>Cardano (ADA) is currently up by more than two percent and is trading close to the $1.20 levels. The important support area to watch is between $0.83 and $1.06. <a href="https://www.youtube.com/watch?v=jFvFMFpf0dE" target="_blank" rel="noreferrer noopener nofollow">There are two potential pathways </a>for ADA from here.</p>   
<h2 class="wp-block-heading" id="h-pathway-1-price-continues-higher"><strong>Pathway 1: Price Continues Higher</strong></h2>   
<p>In this scenario, ADA could continue rising directly in a five-wave move to complete wave five of the larger third wave. This move might push ADA to levels around $1.42, potentially even $1.72 before a larger correction begins in wave four. Afterward, a rally in wave five could occur.</p>   
<h3 class="wp-block-heading" id="h-pathway-2-larger-fourth-wave-unfolding"><strong>Pathway 2: Larger Fourth Wave Unfolding</strong></h3>   
<p>The second possibility is that ADA is already in the larger fourth wave. In this case, the price is forming an ABC structure as part of wave four. Both pathways are plausible, but the first option, with one more push higher, seems to be the preferred outlook.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong>Want to know where Cardano is headed in the long run? Read our long-term <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noreferrer noopener">Cardano price prediction</a> for expert insights and future targets!</strong></p>   
<h2 class="wp-block-heading" id="h-key-support-level-to-watch"><strong>Key Support Level to Watch</strong></h2>   
<p>The key support level to watch is $0.64, which is a 50% retracement of the rally that began in November. If ADA drops to this level, it would mean a more significant pullback before the next move up. The price could also move higher in the short term before this support is tested.</p>   [post_titles_links postid="392182"]   
<h3 class="wp-block-heading" id="h-short-term-movements-and-market-influence"><strong>Short-Term Movements and Market Influence</strong></h3>   
<p>In the short term, ADA may show some fluctuations, as it is closely tied to <a href="https://coinpedia.org/price-analysis/bitcoin-price-prediction-today-12th-dec-2024/" target="_blank" rel="noreferrer noopener">Bitcoin's performance</a>. Bitcoin dominance is currently decreasing, allowing altcoins like ADA to recover. However, ADA's next resistance zone is between $1.15 and $1.27. This area could cause some resistance, as it aligns with previous price levels and volume profiles.</p>   
<h3 class="wp-block-heading" id="h-resistance-and-future-targets"><strong>Resistance and Future Targets</strong></h3>   
<p>If ADA faces rejection at the $1.15 to $1.27 area, a possible decline in a five-wave structure could lead to a C-wave down. In that case, ADA might find support around $0.76.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1734000627569">
  <strong class="schema-faq-question"><strong><strong>How high can Cardano go by the end of 2025?</strong></strong></strong> 
  <p class="schema-faq-answer">According to our Cardano price prediction, the altcoin’s price could hit a maximum of $2.42 by the end of 2025.&nbsp;&nbsp;</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734000631473">
  <strong class="schema-faq-question"><strong><strong>Can Cardano overtake Ethereum?</strong></strong></strong> 
  <p class="schema-faq-answer">Even the most bullish of Cardano supporters acknowledge that Cardano will only potentially surpass Ethereum within 8 to 10 years.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734000671886">
  <strong class="schema-faq-question"><strong>What is the price of one ADA token?</strong></strong> 
  <p class="schema-faq-answer">At the time of writing, the price of 1 CardanoADA token was $0.584.</p> 
 </div> 
</div>

Cardano Price Prediction Today: ADA Bulls Target $1.72

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