The crypto market is showing positive signs right now. The total market is worth $2.6 trillion, up 0.36%. Bitcoin trades just under $83,000, up 2.27%, while Cardano ADA sits at $0.6268, up 1.79%.
A video from Kris Does Crypto YouTube channel suggests we might see a major bull run soon. The creator believes that fewer trade wars (except between the US and China) are creating good conditions for market growth, despite some expected ups and downs.
What you'll learn 👉
Cardano Price Analysis Shows Mixed Signals
According to the video, the technical indicators for ADA show an uncertain picture. The RSI sits at 48.35, meaning the market is neither cheap nor expensive. The MACD rating of 0.02 suggests ADA is moving slightly downward, while the ADX value of 11.74 shows a weak trend with no clear direction.
Kris Does Crypto explains that for ADA to reach $2, it needs to break through several barriers. The 200-day EMA is currently holding it back, and crossing the $1 mark will be a major psychological hurdle. Other resistance points include 0.8713, 0.979, and $1.154.
“I’m no TA expert, I really focus on the fundamentals,” Kris admits. He believes that while charts are helpful, it’s the underlying developments that will drive Cardano’s price movement.
ADA Growth Potential
ADA positions itself as a premium blockchain with room to grow in the wider crypto market. Kris points out that Bitcoin liquidity coming in May will likely help the entire market, including ADA. Several important updates are coming soon to the Cardano system. He also mentions a Ripple stablecoin (RLUSD) that hints at Cardano involvement, with Cardano’s logo appearing in Ripple’s tokenization video.
I do think that both XRP and Cardano ADA are going to be two of the most highest performing altcoins in this crypto market,” says Kris, a view he’s shared for several months.
Regulatory Changes Could Help ADA Price
The rules around cryptocurrencies are changing in ways that could benefit Cardano. The US Department of Justice has reduced its crypto enforcement team. New orders focus only on terrorism and cartel-related crypto activity, moving away from what Kris calls “regulating crypto via prosecutions.”
The SEC has also released new crypto guidance. Commissioners Pierce and Atkins are leading what Kris describes as the “post-Gensler reset.” The new SEC Chair, Paul Atkins, is expected to be less strict, while Pierce leads a team creating crypto rules—changes that Kris sees as “really positive moves out of the US.”
Read Also: We Asked AI to Predict Cardano (ADA) Price If Bitcoin Crashes to $70K
Several countries are trying to lead in blockchain adoption, including the UAE, parts of Europe, and the UK. However, Kris shares his own story criticizing the UK for not taking real action, especially regarding “debanking” crypto investors. He was debanked in the UK despite following all laws and paying his taxes, which made him leave the country.
“You can’t possibly be the market leader if this kind of stuff is happening,” Kris says about the UK’s approach.
Kris ends by praising UAE and US crypto policies, suggesting that “many countries will follow suit,” which could create better conditions for cryptocurrencies like Cardano to grow and potentially reach that $2 price target in 2025.
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