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    Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

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    Cardano (ADA) Price Prediction for February 25

    Story Highlights
    • If ADA holds above the $0.65 level, it could soar by 20%, reaching the $0.84 level.

    • On-chain metrics reveals that exchanges have witnessed an outflow of $22 million worth of ADA tokens.

    ADA, the native token of the Cardano blockchain, has experienced a significant price drop in the past 24 hours, reaching a crucial support level. As of today, February 25, 2025, ADA has dropped 13% and is currently trading near $0.67, while its trading volume has surged by 110%.

    Cardano (ADA) Technical Analysis and Upcoming Level 

    According to expert technical analysis, ADA’s recent price drop has brought it to a crucial support level at the $0.65 mark. Historically, this level has acted as a strong price reversal zone. Additionally, ADA’s daily chart is flashing a bullish signal, as technical indicators show a bullish divergence over the same period.

    Besides this bullish divergence, ADAโ€™s daily chart appears to be forming a double-bottom price action pattern on the daily timeframe. This bullish outlook suggests that ADAโ€™s price could soon recover and experience notable upside momentum.

    Based on recent price action and historical trends, if ADA holds above the $0.65 level, there is a strong possibility that the asset could soar by 20%, reaching the $0.84 level in the near future.

    Mixed-Sentiment By On-Chain Metrics 

    Following a notable price drop and as ADA reaches a crucial support level, whales and long-term holders have been accumulating ADA tokens, according to on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have witnessed a significant outflow of $22 million worth of ADA tokens.

    This substantial outflow from exchanges suggests potential accumulation, which could create buying pressure and drive further upside momentum, a trend that the price has already begun to experience gradually.

    Despite the bullish market sentiment among whales and long-term holders, traders appear to be betting on the short side, expecting the price to continue declining in the coming days. At press time, the major liquidation areas are at $0.663 on the lower side and $0.708 on the upper side, with traders being over-leveraged at these levels.

    Additionally, traders have held $3.25 million worth of long positions and $8.41 million worth of short positions at these levels. This data indicates that bears remain active and are currently dominating the asset.

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