"AI Crypto Surges 500% in 3 Weeks, Challenging Cardano's 2025 Lead"
Cardano's price surged by an impressive 280% in November, capturing investors' attention as they sought promising altcoin opportunities. However, an AI-driven cryptocurrency has emerged, posting a staggering 500% increase in just three weeks. Cardano's price rally is primarily driven by the growth of its ecosystem and increased institutional interest, while the AI project is capitalizing on automation, real-time analytics, and advanced blockchain capabilities. Analysts are now debating whether ADA can maintain its momentum or if this new competitor will take the lead in 2025.
Major holders of Cardano (ADA) have been gradually increasing their holdings since November 2023, according to Santiment. These wallets have acquired an additional 1.4 billion ADA tokens, valued at approximately $1 billion, over the past fifteen months. This accumulation represents 2% of the total supply and indicates growing confidence among high-net-worth and institutional investors. The consistent increase in ADA holdings suggests that institutional investors view Cardano as a worthwhile long-term investment, despite the broader crypto market's volatility.
From a technical perspective, the Cardano price has not surpassed key resistance around $1.10 since mid-November 2024 and has experienced a short-term pullback. However, the Cardano price is currently testing a descending wedge pattern, which typically signals a bullish breakout. Recently, Cardano price movements have rebounded above a crucial support range between $0.68 and $0.76. As a result, ADA's price has recovered nearly 15% from its recent lows, nearing an overhead resistance trendline. Cardano is trading at $0.80, marking a 3% increase over the past day.
The immediate challenge for the Cardano price is the $0.85 level, corresponding to the 23.6% Fibonacci retracement, which has limited ADA's upward trajectory. However, if the current momentum continues to build and triggers a breakout, Cardano's price could aim for higher resistance levels, with $1 being the next significant target.
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