Cardano has been struggling to regain bullish momentum and break through the $1.13 resistance level. Despite market uncertainty, long-term holders are choosing to retain their ADA, providing stability and preventing a sharp downturn in price. However, the decreasing correlation with Bitcoin raises concerns and could result in continued struggles for Cardano unless broader market conditions improve. The altcoin is currently trading just under the support level of $0.99 and may remain stuck under the resistance of $1.13 if market conditions persist. However, if Cardano manages to break past $1.13, it could rally higher and attract renewed investor interest.
Content Editor ( beincrypto.com )
- 2025-01-25
Cardano (ADA) Could Reclaim $1 Even After Pulling Away from Bitcoin
