Cardano (ADA) Price Prediction for Q1 2025: Can ADA Reclaim $1 and Mark New Highs?
The cryptocurrency markets are approaching the end of the year with a mix of bullish and bearish trends. Despite the overall market sentiment, Cardano (ADA) is showing signs of a sluggish trend with limited possibilities of a bullish rebound. The ADA bulls are struggling to validate an ascending trend, but the price continues to print lower highs and lows, indicating a bearish influence.
As we look towards the future, the question arises: Will Cardano be able to reclaim $1 in the first quarter of 2025 and reach new all-time highs?
Looking at the daily chart of ADA, it appears that the price is forming an inverse v-shape pattern, which could potentially lead to a retrace back to around $0.4. The decreasing volume indicates a decline in volatility, raising concerns about the future price action in 2025. With the current trend showing lower highs and lows, it begs the question: Is the bull run over for ADA?
However, there are still some positive signs for Cardano. The historical price chart suggests that ADA has the potential for a strong bull run if it can initiate a rebound from current levels. Despite failing to break above the resistance zone between $1.29 and $1.5, ADA is holding above the trend reversal zone between $0.78 and $0.85, which acts as a strong support level. Additionally, the price has broken the multi-year descending trend line, indicating a possible trend reversal.
The Gaussian channel has turned bullish after being bearish for some time, signaling a shift in momentum. While the MACD shows a decrease in buying pressure and a potential bearish crossover, the levels are still in the positive range, hinting at a quick rebound after the crossover.
Therefore, if Cardano can maintain its position above the support zone until the end of the year, there is a possibility for the token to reclaim $1 in the early days of 2025 and continue on a bullish trajectory. The key will be to monitor how ADA performs in the coming months to see if it can break out of its current trend and reach new highs.