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ADA Price: Will Cardano Crash to $0 in January 2025?
- Cardano (ADA) is currently trading around $0.92, with a 24-hour trading volume of $2.19 billion, a market capitalization of $32.47 billion, and a market dominance of 0.98%.
- Cardano is currently experiencing a persistent downtrend, characterized by lower highs and lower lows. This indicates sustained bearish momentum.
- Recent spikes in the price of ADA have been short-lived, failing to break resistance levels at $0.95–0.96. This indicates strong selling pressure and a lack of buyer conviction in the market.
- The possibility of Cardano crashing to $0 is extremely unlikely due to multiple established support levels at $0.90, $0.88, and $0.80.
- Given the technical and fundamental analysis, three possible scenarios for Cardano’s price in January 2025 are a bearish scenario, a neutral scenario or a bullish scenario where if market sentiment improves and ADA breaks above $1 it could aim for a recovery towards $1.05 or higher.
- The broader market impact due to macroeconomic factors like regulatory scrutiny, rising interest rates, and reduced liquidity, and skeptical investors causes reduced participation leading to a decline in ADA's trading volume.
- The Fear & Greed Index stands at 69 (Greed), suggesting cautious optimism in the market.
- The current annual supply inflation rate is 3.94%, with 1.33 billion ADA minted in the last year.
- If Cardano fails to hold the $0.88 support, it could decline further to the next critical level of $0.80. However, a crash to $0 remains unrealistic due to the stable ecosystem and community supportive developers.
- The daily chart provides a broader perspective on Cardano’s price action and trends, where strong support exists in the range of $0.88-$0.90, which has acted as a safety net in the past, while resistance is at $1.00, which has failed to reclaim reducing bullish momentum.
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