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Coin Edition 2025-01-14 09:00:00

ADA Price Update: Why $1.50 is Crucial for Cardano’s Next Move

ADA dropped below the $1 price level on Monday, crashing 12.47% in the past week. The possibility of an ADA ETF in 2025 and partnership with Ripple are bullish for the altcoin. ADA’s RSI has turned bearish, reading 48.17 which means that sellers are now in control. Cardano (ADA) has taken a hit, plunging 12.47% in the past week. It even dipped below the $1 mark after a 7% crash on Monday. The altcoin reached a high of $1.32 in the fourth quarter of 2024 but has been steadily declining. In the last 24 hours, ADA has lagged behind its rivals, rising just 0.65%. According to the data from CoinMarketCap, ADA is currently trading at $0.9507, down 69.18% from its all-time high of $3.10 reached over three years ago. The digital asset has also fallen 11.48% in the last 30 days and faces resistance at $1, $1.10, and $1.50. Related: Cardano’s DeFi Network Gets a Lift from BitcoinOS Integration If ADA climbs back above $1 but can’t break through $1.10, it may drop back down to the $0.90 support level. However, a move above $1.10 toward the $1.50 resistance could signal a potential upswing. To confirm a bullish breakout and reach new all-time highs, the altcoin… The post ADA Price Update: Why $1.50 is Crucial for Cardano’s Next Move appeared first on Coin Edition .

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