Cardano ADA Poised for Breakout as Whales Accumulate and Shorts Face Liquidation at $0.74
Cardano (ADA) is showing strong signs of a potential breakout as it approaches the critical $0.74 resistance level, where over $60 million in short positions are at risk of liquidation. Analysts suggest that a decisive move above this level could propel ADA toward $0.90, marking the beginning of a broader rally. Notably, whale activity has been increasing, with large holders quietly accumulating ADA, adding momentum to the upward move. After months of trading within a descending channel, Cardano has finally broken free from its bearish trend, signaling a potential shift in market sentiment. Chartist Ali Martinez highlights the significance of this breakout, emphasizing that ADA's technical structure now favors bulls. With growing institutional interest and improving fundamentals, Cardano appears well-positioned for sustained growth in the coming weeks.
Cardano Price Prediction: ADA Positioned for Squeeze as Key Shorts Face Pressure at $0.74
Cardano is gaining momentum as it approaches the critical $0.74 level, where over $60 million in short positions are at risk. A breakout here could propel ADA toward $0.90, setting the stage for a broader rally. Whales are quietly accumulating, adding fuel to the upward move.
After months of consolidation within a descending channel, cardano has broken free from its bearish trend. Chartist Ali Martinez highlights the significance of the $0.70-$0.705 breakout zone, now acting as a springboard for further gains. The next target lies between $0.90 and $1.20, levels last seen in early Q1.
The $0.74 threshold isn't just a technical level—it's a battleground where shorts could face liquidation. A sustained push above this zone WOULD confirm the trend reversal, potentially triggering a cascade of buying pressure.
Cardano Price To $1.2? Here’s Bullish Case As New ADA Pair Goes Live on Bitrue
Cardano's ADA has surged past a critical resistance level at $0.74, igniting speculation of a prolonged rally toward $1.20. Analysts like Ali Martinez and CryptoJelleNL highlight the breakout as a precursor to further gains, with Martinez projecting a target range of $0.90–$1.20.
The bullish momentum intensified after Bitrue listed a new ADA trading pair on July 13, amplifying liquidity and trader interest. ADA’s price briefly touched $0.47, marking its strongest performance in weeks amid rising volume.
Long viewed as a development-focused project, Cardano’s recent technical strength and exchange support suggest growing market confidence in its near-term potential.
Cardano Breaks Out, Analyst Predicts $1.83 ADA Target
Cardano (ADA) appears to be entering a bullish phase as technical indicators signal a strong reversal. crypto analyst MasterAnanda highlights a breakout above a critical resistance zone, suggesting potential for a significant rally.
ADA has surged 13% in the past 24 hours, leading gains among top cryptocurrencies. The asset's 19.57% weekly growth outpaces Bitcoin and Ethereum, reflecting renewed interest in the proof-of-stake blockchain.
A golden cross formation on ADA's weekly chart - the first in its history - confirms long-term bullish sentiment. The breakout coincides with ADA reclaiming its 200-day moving average, potentially forming a base for sustained upward momentum.
Cardano (ADA) Surges 26% Amid Bullish Technicals and Institutional Interest
Cardano's ADA token has surged 26.22% over the past week, currently trading at $0.7373. The rally comes as analyst Ali identifies a bullish technical breakout, projecting potential gains to $0.90-$1.20 based on Fibonacci levels and a golden cross formation.
Institutional momentum builds as Grayscale petitions the SEC for an ETF including Cardano, though daily trading volume remains subdued at $1.46 billion. The cryptocurrency now tests key resistance levels after breaking a descending trendline that constrained price action through mid-2025.
