Cardano Will Retrace to $0.50 if It Loses the $0.65 Grand Support, But Here’s How High It Can Also Go
Cardano (ADA) navigates a critical price range, trading between a major support level of $0.65 and resistance at $0.82. The price action is unknown since the market shows possible weakness and strength. On...
Cardano (ADA) navigates a critical price range, trading between a major support level of $0.65 and resistance at $0.82. The price action is unknown since the market shows possible weakness and strength. On the other hand, neglecting to maintain this support may cause a notable decline to $0.50, the lowest price since December 2024. For Cardano users and investors, this marks a significant turning point.
ADA’s Bearish EMA Setup Signals a Potential Decline
A significant technical signal now working against Cardano is the Exponential Moving Average (EMA) alignment. The shorter-term EMAs have gone below the longer-term EMAs, supporting a bearish picture. This setup shows that momentum is still decreasing, meaning ADA could experience selling pressure in the short term. Should the bearish mood continue, ADA will struggle to surpass its closest resistance level of $0.82. Instead, the price may drop below $0.65, resulting in a more pronounced fall toward $0.50. However, ADA has resiliency, trade volume, and market attitude still define its general trajectory. Failure to maintain the $0.65 level would confirm the continuation of the downslope, which could accelerate losses. Investors should monitor whether a stronger negative movement is underway or support remains.
How High Can ADA Go?
Despite the general pessimistic perspective, ADA has shown some tenacity, trading close to $0.80 after rising 2% over the past 24 hours. Interestingly, its trading volume has soared by 60% over the same period, suggesting increasing interest among institutions and dealers. This increased involvement could be a positive indicator that ADA might try a breakout should demand keep growing. Should ADA overcome the $0.82 resistance, it could move toward $1.03 in the short term. Bullish momentum could drive ADA to reach $1.16, offering a 55% increase from its present level. Long-term ADA price forecasts are still positive; some analysts see a run toward $4 should the market become positive. Another altcoin is becoming more and more powerful with great upside potential while ADA is confronting important support levels—Rexas Finance (RXS). Supported by a unique approach to real-world asset (RWA) tokenization, Rexas Finance is blazing in momentum, unlike Cardano, struggling with resistance and a downturn.
The Better Alternative: Rexas Finance (RXS)
Rexas Finance aims to make RWA tokenization accessible to everyone. It offers advanced tools for producing, managing, and trading asset-backed tokens together with a user interface that is easy enough. This special value proposition sets it apart from other blockchain initiatives and helps it become a major participant in the quickly expanding tokenized asset sector. Strong investor confidence is evident in Rexas Finance’s presale, an absolute triumph. Entering its last presale round at $0.20, the project raised approximately $46.13 million; 90.14% of the tokens have already sold out. The debut price is $0.25, so those who purchase now still have an early-stage profit opportunity before formal listing. RXS’s decision to renounce venture capital (VC) funding guarantees that the public will always be at the center of its expansion, driving its explosive growth. While many blockchain initiatives depend on significant institutional support, Rexas Finance has developed a distributed environment where retail investors significantly shape its development. With only over a 500% increase from its first presale stage, RXS has great development potential. Rexas Finance is fast becoming among the hottest tokens on the market thanks to its listing on CoinMarketCap and CoinGecko and a strong CertiK audit that has built investor confidence. Rexas Finance is poised for an explosive surge, unlike ADA, which runs the danger of a retrace and confronts significant opposition. With RXS expected to rise to $10 in 2025, market analysts estimate a shockingly 50x return from its present pricing. Strong project fundamentals, growing acceptance of RWA tokenization, and the fast growth of the blockchain-based asset market support this estimate.
Conclusion: ADA or RXS?
Although a breakout over $0.82 might set off a rally above $1.16 or $4 in an extended optimistic, the potential of a decline below $0.65 remains a serious issue. Rexas Finance (RXS) presents a far brighter future. Looking for exponential gains, RXS offers a compelling substitute with its unique approach to RWA tokenization, successful presale, and $10 in 2025 price forecast.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
