CandleFocus Cardano (ADA) Price Prediction for February 20
2025-02-20
Author: Content Editor
Cardano (ADA) is showing positive momentum and has the potential to increase by 32% to reach $1.04. Traders have built $20 million worth of long positions at the $0.732 level, indicating that this is a strong support level. ADA has been struggling to gain momentum but has increased by nearly 4.5% in the past 24 hours and is currently trading near $0.78. The price remains near a crucial support level of $0.74 and is forming bullish patterns. If ADA holds above $0.73, it could reach $1.04 in the future, but the $0.85 level seems more likely to be achieved soon. Traders and investors are accumulating ADA, and there are strong indications of buying pressure and upside momentum. Intraday traders are also following a similar strategy, with $20.37 million worth of long positions at the key support level of $0.732.
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