Cardano Bears vs Bulls: Crucial Support & Resistance Levels to Watch
- Cardano (ADA) trades at $0.6057, down 4.89% over the last 24 hours, with volume up 15.34%.
- ADA risks decline if resistance at $0.6350 holds; support lies at $0.60 and $0.5550.
- Strategic alliance with PUC-Rio strengthens Cardanos presence in energy-focused blockchain R&D.
Cardanos ADA is under fresh selling pressure, Currently trading at $0.6057, down by 4.89% in the past 24 hours. Even in this correction, the 24-hour volume increased to $739.05 million, an indication of increased activity in the market with a rise of 15.34%. In the past seven days, ADA has registered relative strength with an ascent of 6.68%, but technical charts indicate that things will not be smooth sailing.
ADAs short-term resistance remains at $0.6350. The cryptocurrency might fall back to levels of support at $0.6040 and $0.6000 if bulls are unable to push past this mark. A clear breakdown below the psychological mark of $0.60 might lead to sustained selloffs towards $0.580 and even down to $0.5550, levels where buyers would try to regain control.
Cardanos Long-Term Outlook Remains Bullish
Despite short-term fluctuations, long-term prospects for ADA are cautiously optimistic. Changellys April prediction in 2025 offers that Cardano will have a price range of at least $0.559 to as high as $0.643, averaging about $0.601.
Although the projected ROI per month is only at 0.23%, this forecast is based on price consolidation and strength.
Looking ahead to 2025, more extensive technical analysis sees higher valuation levels for ADA. Projections give a minimum estimate of $0.703 to a max of $0.723, with an average price of $0.742. This sets ADA for a possible return of investment by 12.7% with growth fueled by growing adoption, blockchain integrations, and expanding ecosystem of the network.
Cardano Partners with PUC-Rio to Boost Blockchain Innovation
Supporting Cardanos long-term vision is its latest association with the Pontifical Catholic University of Rio de Janeiro (PUC-Rio), which is one of Latin Americas premier research excellence.
The partnership is focused on speeding up blockchain innovation in decentralized finance applications, DAO governance, and renewable energy applications.
With this program, the Cardano Foundation will actively engage in supporting PUC-Rios Ledger Labs and its Ada Labs for Blockchain Applications (A.L.B.A), promoting both applied research and educational initiatives. Priority focus includes blockchains use in optimizing Brazils energy value chain, especially in conjunction with Petrobras and other industrial partners.
This is Cardanos second partnership in Brazil in 2025, solidifying its Latin American expansion strategy.
With past partnerships such as with Argentinas UTN and Brazils SERPRO, Cardano continues to place itself at the juncture of blockchain innovation, academia, and ecologically friendly enterprise growth.
Read more: https://www.tronweekly.com/cardano-bears-vs-bulls-crucial-support/
Text source: TronWeekly
