Cardano (ADA) Path to New All-time High: Analyst Says The Scenario Remains the Same

Cardano (ADA) is gaining attention in early 2025 as it positions itself for a strong bullish rally. Following a significant recovery in late 2024, analysts suggest the cryptocurrency could approach or even surpass its previous all-time high.

The broader crypto market, spurred by Bitcoin’s surge past $95,000 and a total valuation of $3.36 trillion, provides a favorable backdrop for ADA’s growth trajectory.

The ninth-largest cryptocurrency, Cardano, has seen a 4.01% increase in the last 24 hours, propelling its price above $0.959 and its market capitalization above $33 billion. This momentum hints at a potential continuation of the upward trend in 2025.

Key Price Levels and Analyst Insights

Renowned cryptocurrency analyst Michaël van de Poppe recently outlined a promising opportunity for investors looking to capitalize on ADA’s price movement. In his latest market commentary, he emphasized the potential for Cardano to resume its upward trajectory after experiencing a notable pullback.

Request 01 – $ADA

The scenario remains the same.

Pretty heavy run upwards and a 40% correction.

I think we're getting towards the end of this correction, through which I'm expecting a new leg up for things like $ADA. pic.twitter.com/cPxRSfCJ6Y

— Michaël van de Poppe (@CryptoMichNL) December 30, 2024

ADA’s price experienced a sharp rally from $0.326 to a 52-week high of $1.327 in late 2024. However, the subsequent correction phase led to a 40% decline, marking a consolidation period. Lower price rejections in this phase suggest that the bearish momentum may be nearing its conclusion.

“I think we are getting towards the end of this correction, and I expect a new leg up for assets like ADA,” van de Poppe stated in his recent tweet. He further highlighted $0.7460 as an ideal entry point for long-term investors, contingent on an extended market correction. In his analysis, van de Poppe identified $0.9850 and $0.7460 as critical price levels for traders to monitor in the short term.

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Recovery Trends and 2025 Outlook

Despite experiencing a 307% surge in late 2024, ADA’s annual return for the year stood at 42%. Analysts interpret this as the first stage of a broader bullish cycle, with Elliott Wave Theory supporting the idea of further upward waves.

According to this framework, the third and fifth waves typically yield significant gains, which aligns with expectations for Cardano’s price in 2025 and beyond.

Van de Poppe predicts that ADA could reach a new all-time high within the next two years, driven by the anticipated third and fifth bullish waves. For short-term traders, a potential rebound could push ADA’s price to the $1.2430 resistance level before settling into a consolidation range.

Long-Term Investment Strategy

Cardano’s recent performance underscores the importance of identifying strategic entry points. As the broader market strengthens, ADA’s current pullback phase could present an opportunity for long-term investors to secure positions before the next major rally.

For those seeking to maximize returns, analysts recommend closely monitoring price activity around $0.7460 and $0.9850. While further corrections could occur, the general outlook for 2025 remains optimistic, supported by improving market conditions and Cardano’s continued adoption.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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