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Cardano (ADA) Price Prediction for March 25
The cryptocurrency market is known for its unpredictable nature and short-term price movements. However, our analysis suggests that Cardano (ADA) may be on the cusp of a significant breakout.
After examining the recent market action and historical trends, our team predicts that ADA’s price will surge over 12% if it closes above $0.756. This potential upswing could push the asset to reach $0.85 in the near future.
On the other hand, if ADA’s price falls below $0.69 and closes a daily candle, we anticipate a decline towards $0.65 in the coming days.
As of press time, ADA is trading at $2.42, registering a modest price decline of 0.50% over the past 24 hours. Despite this minor pullback, our data reveals that traders are aggressively accumulating the asset despite ongoing market volatility, which further supports our bullish sentiment.
Furthermore, our analysis highlights that whales and long-term holders continue to purchase ADA, confirming their faith in the project’s fundamentals and signaling a potential price reversal.
As of now, traders are currently over-leveraged at $0.711 on the lower side and $0.742 on the upper side. This information is partially validating that ADA’s price is poised for massive upside momentum.
In conclusion, we believe that this market is ripe for a major move in either direction. It remains crucial for investors to closely monitor the asset’s price action and adjust their strategies accordingly to capitalize on this potential breakout.
Source: https://coinpedia.org/price-analysis/cardano-ada-price-prediction-for-march-25/
