- ADA must break $0.825 resistance to confirm bullish momentum and sustain gains.
- RSI below 50 signals neutral to bearish momentum; a rise could confirm an uptrend.
- February projections suggest ADA may reach $1.068, offering a 32.89% potential return.
Cardano (ADA) is navigating a volatile trading range as investors assess its potential to break resistance this weekend. The cryptocurrency has shown a 0.64% gain over the past 24 hours, reaching $0.8036. Despite price swings, ADA remains confined within a defined range, leaving traders speculating whether it will see an upward breakout or a bearish downturn.
Key Support and Resistance Levels
ADA’s current support level stands at $0.7986, which has held firm during recent price fluctuations. If the price slips below this level, the next major support could be found around $0.790. A further drop might increase selling pressure, pushing ADA toward lower price levels.
On the resistance side, the cryptocurrency faces a strong barrier at $0.825. A successful breakout above this level could drive ADA toward the $0.830 – $0.835 range, where additional resistance may emerge. If buying momentum intensifies, the token could surge further, aiming for higher price targets.
Market Sentiment and Technical Indicators
ADA’s price has fluctuated between $0.79 and $0.82, indicating consolidation before a potential breakout. A push beyond $0.825 could confirm bullish strength, while a drop below $0.798 might signal an incoming bearish phase.
The Relative Strength Index (RSI) currently stands at 44.98, suggesting neutral to slightly bearish momentum. If RSI climbs above 50, it could validate a stronger uptrend. Meanwhile, the Moving Average Convergence Divergence (MACD) shows signs of a bullish crossover, with its histogram bars turning positive. This suggests potential upward momentum if buying pressure increases.
ADA Price Forecast for February 2025
Coincodex market projections for February indicate a possible 16.58% price increase, with ADA averaging $0.936955. Expected fluctuations suggest a range between $0.808675 and $1.068071, offering a potential return of 32.89% from the current price level.
