Cardano (ADA) has performed strongly recently, successfully breaking through the key resistance level of $0.64, and is currently stabilizing around $0.72. From a Technical Analysis perspective, the current support level is quite solid, and the trend shows a positive outlook.

It is worth noting that institutional funds are gradually flowing into the Cardano market. At the same time, market expectations for the approval of the Cardano ETF are heating up, with the current estimated approval probability between 79% and 84%, which undoubtedly provides strong support for the price of ADA.

Multiple market analysts have now raised the short-term target price to $1. Looking ahead, if various positive factors continue to play a role, the price of Cardano is expected to reach between $1.30 and $1.80 by 2025, and it may even break through this range.

The current market situation is worth close attention. Whether you are a long-term holder of ADA or a potential participant who is observing, you should closely monitor market dynamics. This round of increase may indicate that a larger bull market is about to arrive.

However, we should also remain rational and recognize the high risks of the cryptocurrency market. Investment decisions should be based on thorough research and individual risk tolerance. At the same time, it is important to continuously pay attention to industry developments, technological advancements, and changes in the regulatory environment, as these factors may significantly impact the future of ADA.