ADA at $0.80 Support, Targets $1.80; RTX Presale Hits $23M
Cardano (ADA) is trading around its $0.80 support level, facing resistance at $0.94. Bulls argue a break above $0.94 could drive ADA toward $1.32 and $1.80, aligning with forecasts of up to 120% gains. A drop below $0.75 risks a slide to $0.32.
Analysts at Mitrade and Changelly cite institutional adoption, the upcoming Hydra scaling solution, and growing DeFi use on Cardano as key drivers. Meanwhile, Remittix (RTX) has raised over $23.4 million in its presale. The PayFi-focused token sale sold 640 million tokens and secured listings on BitMart and LBank. Its beta wallet now supports 40+ cryptos and 30+ fiat currencies, offering 0.1% fees and deflationary tokenomics.
Traders should weigh Cardano’s proven tech and price structure around support and resistance levels against Remittix’s niche payment focus and viral momentum. While ADA offers stability backed by a clear roadmap, RTX’s presale traction and utility-driven growth suggest higher upside potential in 2025.
Bullish
The news that ADA is holding its $0.80 support and may break above $0.94 to target $1.80 underpins a bullish outlook. In the short term, traders will watch resistance levels and whether institutional adoption and the Hydra scaling solution trigger upward momentum. In the long term, strong DeFi growth on Cardano and roadmap execution support sustained gains. Although downside risk exists if ADA falls below $0.75, the prevailing technical structure and positive catalysts point to a bullish bias.