Cardano Price Prediction: ADA To Hit $0.25

Cardano has been making various headlines these days due to all kinds of achievements and also thanks to the plans that they have for the future.

Regarding the price of ADA, at the moment of writing this article, ADA is trading in the red, and the coin is priced at $0.180006.

FXStreet notes, “bulls have been in full control of the trend. ADA aims for $0.25 in the long-term as it faces very little resistance above according to many indicators.”

The same online publication mentioned above notes: “However, the IOMAP chart also shows very little support until the area between $0.166 and $0.172, which coincides with the previous resistance trendline. After a breakout, it’s often the case that an asset will drop back to re-test the previous resistance, which in this case coincides with what the IOMAP says, giving credence to this bearish outlook.”

Cardano in the news

the company behind the Cardano blockchain, announced two major new development environments earlier this month, as noted by the online publication CryptoSlate.

“Both developer networks were set to allow developers to write smart contracts for Cardano and were part of the company’s larger effort to launch Goguen, the blockchain’s smart contract era,” they wrote.

Cardano’s Charles Hoskinson addresses what’s in store for the project

Charles Hoskinson addresses some of the things that are in store for the digital asset in the interview below.

Cardano also wished everyone Happy Holidays and the team behind the project dropped the message on Twitter.

Check out the tweet below.

The community is really excited to see what’s in store for Cardano in 2021.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.