Cardano (ADA) is gaining bullish momentum, bringing its price much closer to the $1 milestone. Over the last 24 hours, ADA has increased by 10%, reaching an intraday high of $0.825, its highest price level in weeks.
Cardano, the 10th-largest cryptocurrency by market value, was recently trading at $0.803 and is up 28% this week. ADA trading volumes have increased by 84% in the last 24 hours to $2.36 billion, according to CoinMarketCap data.
Cardano has rallied by more than 58% since its low point of $0.52 on June 22. What distinguishes this rally is the technical breakout that followed the price increase.
HOT Stories Big Bitcoin Secret Revealed by Michael Saylor 449,671,393 SHIB Scam Alert Issued by SHIB Team: Details Binance's CZ Reacts to Senator Warren's Major New Anti-Crypto Initiative: Details Dogecoin (DOGE) Just Inch Away From 'Breakout of the Year'
ADA has successfully breached both the 50-day and 200-day simple moving averages (SMA) at $0.639 and $0.747, respectively, which had slowed its upward momentum in recent months.
The SMA 50 had mostly capped the ADA price since December 2024, while the SMA 200, more substantially, provided short-term resistance and had capped the ADA price since March 2025. With this breakout achieved, traders are now expecting higher price levels.
Road to $1: What's next?
The next immediate target lies at $0.86, a high reached in May 2025. With current momentum and market structure favoring bulls, ADA appears to have a clear path toward the $1 mark, a level last reached in early March after the initial announcement of a crypto strategic reserve.
You Might Also Like
Mon, 07/14/2025 - 14:50 Cardano (ADA) Price Analysis for July 14 ByDenys Serhiichuk
If Cardano can convincingly break through $0.86, analysts believe the move to $1 could follow swiftly, fueled by renewed investor interest and favorable technical signals.
Bearish signal invalidated
The close above the downtrend line at $0.75 invalidates a bearish descending triangle pattern, which had been brewing on the Cardano chart as price stalled for months.
The RSI in the overbought zone indicates that buyers have the edge. As previously stated, a close over $0.86 might push ADA's price to $1.
This positive view will be invalidated in the near term if the ADA price falls below $0.64. That suggests that the break above the downtrend line could have been a bull trap.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
