Key Supply and Demand Zones to Watch as Cardano (ADA) Gains Momentum
Cardano (ADA) shows signs of life after a 35% fall from the cycle peak, suggesting a notable breakout. The token has gained 13%, and traders expect more upsides in the coming days. Could this be a tipping point for Cardano? Here are the critical demand and support zones to watch.
Cardano's Recovery: Key Supply and Demand Zones to Monitor
Cardano has gained 2.6% in the past day and is trading at $0.81 as of this writing. The recent rally comes after Grayscale filed for a Cardano ETF, and experts are projecting a stronger rally toward a new high.
While the on-chain metrics signal a potential rally, Cardano technicals are cautious. ADA faces challenges at critical resistance levels, with significant demand building near $0.72. The $0.85 level remains a strong resistance, keeping ADA from regaining higher price territory. A solid breakout over this level might propel ADA toward $0.90.
ADA's downside support is at $0.68, where buyers have relieved selling pressure. A drop below this level might break the bullish narrative and push the price below $0.60. ADA's price is still closely tied to crypto industry macro trends. A breakout in Bitcoin price will elicit a ripple effect in altcoins, including Cardano.
According to leading crypto analyst Sedar Balumn, ADA must maintain momentum to stake its breakout attempt. Sedar believes a closing over $0.82 would signal a positive trend reversal, allowing a rally to $0.95 or $1 in the next few days.
Cardano Price Chart (24-Hour), Feb. 13, 2025 | Source: CoinGecko
Despite this confidence, the overall market remains volatile. ADA must build a strong support base above $0.75 to fuel long-term upward movement. Until then, price swings will be determined by a battle between bulls and bears, making these support and resistance levels critical in the short term. Meanwhile, market watchers have recommended Rexas Finance (RXS) as another altcoin to watch. This project is pioneering real-world asset (RWA) tokenization and giving innovative investment alternatives.
Rexas Finance (RXS): The Next Altcoin To Watch
Rexas Finance (RXS), a blockchain-based solution to illiquid assets, is gaining popularity. Rexas Finance tokenizes real estate, commodities, and financial instruments to open new markets to investors. Due to high capital requirements, most investors struggle to enter the $379.7 trillion global real estate business. To simplify this, Rexas Finance lets investors buy and sell digital versions of these assets.
Rexas Finance offers unique and user-friendly use cases in tokenization, DeFi, and security. The Rexas Token Builder allows users to create and manage tokens without technical knowledge. This feature makes asset tokenization more accessible, democratizing blockchain use.
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The Rexas DeFi package includes staking, yield farming, and liquidity pools. These solutions allow investors to earn passive income and ensure tokenized asset liquidity, which is revolutionary in an industry with illiquidity and long transaction delays.
Another important development is Rexas Pay, a frictionless tokenized asset payment system. This system allows businesses and consumers to conduct blockchain-based transactions efficiently and transparently without financial middlemen. The blockchain industry struggles with security. Hence, Rexas Finance offers Rexas AI Shield, an AI-powered security framework that real-time audits smart contracts to discover vulnerabilities and prevent exploitation. Recent Certik audits demonstrate the project's security commitment, boosting investor confidence.
Meanwhile, Rexas Finance is currently in its final presale stage (Stage 12), having raised $45.8 million and selling 449 million RXS tokens as of this publication. The presale cost is $0.20, and Stage 12 is currently 89% complete. RXS is garnering much attention from investors due to its expected 100x post-listing valuation. Rexas Finance's forthcoming market launch places it as a high-growth competitor, with experts forecasting a Solana-style rise following the listing. With the RWA industry estimated to grow to $50 billion by 2025 and $16 trillion by 2030, Rexas Finance is proactively joining a rapidly expanding market.
In addition, Rexas Finance is sponsoring a $1 million giveaway, with the top 20 participants receiving $50,000 in RXS. This project promotes community interaction while allowing early investors to amass tokens before the formal exchange launch.
Don't Miss Rexas Finance's Final Presale Stage
Cardano's potential breakout has sparked interest, but Rexas Finance offers an equally attractive investment opportunity. RXS enters a fast-growing area, giving early adopters a unique opportunity to participate in the next wave of blockchain innovation. With the presale nearing completion, investors have a limited time to secure RXS before the predicted 100x market debut. The ongoing $1 million giveaway provides additional motivation, making now the ideal moment to get part. Don't miss out on the next great opportunity in cryptocurrency.
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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Read more: https://cryptodaily.co.uk/2025/02/key-supply-and-demand-zones-to-watch-as-cardano-ada-gains-momentum
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