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In the final hours of 2024, the cryptocurrency market remains full of expectations for what 2025 may hold for crypto assets. Cryptocurrency analyst Michael van de Poppe recently shared his thoughts on Price action in ADApredict what might happen next for cryptocurrency.
According to Van de Poppe, Cardano It may be poised for a major upward movement in the coming days.
In a recent analysis, Van de Poppe predicted that Cardano may face a “very heavy bullish wave” followed by a major correction. He believes that the current market correction is coming to an end, paving the way for a new bullish phase for ADA. “I think we are nearing the end of this correction, during which I expect a new step for things like the ADA,” Van de Poppe chirp.
“It is very likely that this is the first bullish wave for ADA, and that later in 2025 or 2026, we will see a new ATH,” Van de Poppe wrote in a chart accompanying his tweet.
If Van de Poppe's predictions are correct, Cardano could see a significant price increase in the coming months. However, it also warns of a subsequent 40% correction after the initial rally.
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At the time of writing, ADA is down 5.69% over the past 24 hours to $0.854 and is down 2.9% weekly.
If the declines continue, the bulls will likely defend the $0.80 level aggressively. If ADA price bounces and breaks above $0.96, it may indicate that the correction is over. A rise above $1 could trap the bears, paving the way for an increase to $1.20.
Crypto market forecast 2025
As 2024 comes to a close, many predictions have been made regarding the cryptocurrency industry. according to Galaxy researchBitcoin will once again be among the best performing assets on a risk-adjusted basis among global assets in 2025. Bitcoin is also expected to exceed $150,000 in the first half and reach or exceed $185,000 in the fourth quarter of 2025. Ethereum is expected to trade Over $5,500 by 2025. Easing regulatory headwinds for DeFi and staking could boost Ether to all-time highs 2025.
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Cross-chain governance will make a comeback, with applications experimenting with “futuristic” governance models. The total supply of stablecoins will double by 2025, exceeding $400 billion.
DeFi will enter a “dividend era” where on-chain applications distribute at least $1 billion in face value to users and token holders from treasury funds and share revenue.
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