Cardano’s ADA price has experienced a significant rise, fueled by rumors of collaboration between founder Charles Hoskinson and former US President Donald Trump in 2025. Despite the surge, technical indicators suggest a potential pullback in the coming days.
After a challenging year in 2024, ADA saw a remarkable turnaround in November, with gains exceeding 20%. The speculation surrounding a Hoskinson-Trump partnership propelled the price to retest previous highs and eye a potential 100% increase by early 2025.
However, caution is advised as ADA’s RSI levels hit extremes, signaling a likely correction. The coin’s price action near key Fibonacci levels indicates possible retracement towards support levels, presenting both bullish and bearish scenarios.
In conclusion, while ADA’s future remains uncertain amid speculation and technical signals, the market is poised for significant movements influenced by external factors and price dynamics.
