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

Author: Content Editor
Cardano (ADA) has experienced a significant decline in value, dropping 12.47% over the past week and falling below $1 after a 7% crash on Monday. The altcoin, which reached a high of $1.32 in Q4 2024, has been steadily decreasing. ADA is currently trading at $0.9507, down 69.18% from its all-time high of $3.10. It has fallen 11.48% in the last 30 days and is facing resistance at $1, $1.10, and $1.50. The altcoin needs to surpass $1.50 and aim for $2 to confirm a bullish breakout and reach new all-time highs. ADA is currently the ninth-largest cryptocurrency but may overtake Dogecoin and Solana if a Cardano ETF is launched in the US. The RSI indicates that sellers currently control ADA's price action, and it may fluctuate between $0.90 and $1 until it breaks out in either direction.

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