- Cardano (ADA) is holding steady around $0.63, showing mild gains as the overall crypto market touches a $2.6 trillion valuation — with analysts cautiously eyeing a possible bull run.
- Technical indicators show a mixed bag: RSI at 48.35 (neutral), MACD slightly negative, and ADX showing weak momentum. Major resistance lies at $0.87, $0.97, and the psychological $1.00 level — all hurdles ADA must clear to reach $2.
- Fundamentals and sentiment may be ADA’s ace: Positive regulation shifts in the U.S., bullish chatter around Ripple’s stablecoin potentially involving Cardano, and global crypto adoption trends could drive a breakout in 2025.
The crypto market’s showing a bit of spark lately — not a fire, but maybe the smoke before it. We’re sitting around a $2.6 trillion total market cap, creeping up 0.36% on the day. Bitcoin? Floating just under $83K, up a clean 2.27%. And Cardano’s ADA? It’s slowly climbing, currently at $0.6268 — a modest 1.79% gain, but hey, green is green.
Over on YouTube, Kris Does Crypto just dropped a video with a bold take: a potential bull run might be closer than we think. According to him, the ongoing retreat of trade tensions — with China being the notable exception — is creating a favorable macro environment. Still choppy waters, but smoother sailing overall.
Cardano’s Charts: Hope or Hype?
Let’s talk technicals. According to Kris, ADA’s price indicators are kinda…meh. The RSI is hanging at 48.35, which basically says it’s not oversold, not overbought — just vibing. MACD? Slightly bearish at 0.02. And the ADX (which tells us about trend strength) is a soft 11.74. That’s low, folks. No strong direction right now.
Kris admits he’s not a TA wizard:
“I’m no TA expert, I really focus on the fundamentals,” he says.
But he still points out the resistance walls ADA has to climb:
- 200-day EMA
- $0.8713
- $0.979
- $1.154
- And the big psychological level: $1.00
If ADA’s gonna make a serious play for $2, it’s got work to do.
Why Kris Still Believes in ADA’s Moon Potential
Despite the shaky charts, Kris remains optimistic. He calls ADA “a premium blockchain,” one that’s still got room to run. He believes that upcoming BTC liquidity in May could lift the whole market, ADA included. Oh, and about that Ripple stablecoin (RLUSD) — Cardano’s logo made a sneaky appearance in Ripple’s tokenization teaser video.
Kris has been beating this drum for a while now:
“I do think that both XRP and Cardano ADA are going to be two of the most highest performing altcoins in this crypto market.”
Regulation Could Be the Hidden Catalyst
Kris also dives into regulation — and for once, it’s not all doom and gloom. The U.S. Department of Justice is apparently narrowing its crypto focus to terrorism and cartel-related cases. That’s a shift away from what Kris calls “regulating crypto via prosecutions.”
On top of that, the SEC just released new guidance. With Paul Atkins stepping in as SEC Chair and Hester Pierce (“Crypto Mom”) leading a task force, things could finally be warming up in Washington. Kris calls it the “post-Gensler reset” — sounds hopeful, doesn’t it?
He also touches on global adoption, giving shoutouts to the UAE and parts of Europe. But the UK? Not so much. Kris shares his personal experience with being debanked there:
“You can’t possibly be the market leader if this kind of stuff is happening.”
Final Thoughts
With better policies taking shape and global sentiment shifting, Kris thinks ADA could realistically hit $2 sometime in 2025 — assuming the stars align and regulators don’t throw another curveball.
For now, the fundamentals look decent, sentiment’s cautiously optimistic, and the charts… well, they’re not screaming “buy,” but they’re not dead either. ADA’s got a shot — it just has to take it.
