CandleFocus Cardano (ADA) Eyes Key Resistance Level Amid Price Revival
2025-01-10
Author: Content Editor
Cardano (ADA) has seen a 5.34% increase in price in the past 24 hours, reaching $0.9712. The coin has been experiencing a progressive recovery since reaching a low of $0.8837 on January 9. Cardano remains one of the top performers among the top 10 digital currencies, with potential for further growth. The ADA price is expected to surpass the $0.98 hurdle in the short term and may reach the $1 resistance level. Performance trackers indicate a sustained rebound for the coin, with increased Open Interest and trading volume. Additionally, Cardano's utility, upgrades, and innovations are attracting attention, and a major Plomin hard fork upgrade is expected later this month. These enhancements make Cardano more relevant as a proof-of-stake blockchain competitor to Ethereum and are attracting more active ADA whales.
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