Cardano ADA: Surging Toward $1.20 as Bullish Momentum Builds
Cardano (ADA) has experienced a significant surge, gaining 29% in the past week to reach $0.747, fueled by bullish momentum in the altcoin market. The cryptocurrency is now testing a critical resistance level at the 200-day simple moving average of $0.749. Analysts suggest that a breakout above this level could propel ADA toward $0.90, with a potential target of $1.20 in sight. Founder Charles Hoskinson has expressed optimism, predicting a "gigachad bull run" that could see trillions flow into altcoins. ADA briefly spiked to $0.777 before retracing, indicating strong investor interest. As of July 15, 2025, the market watches closely to see if Cardano can sustain its upward trajectory and hit new milestones.
Cardano Soars: Is $1.20 the Next Target?
Cardano has surged 29% in the past week, reaching $0.747 as bullish momentum sweeps the altcoin market. The cryptocurrency now faces a critical test at the 200-day simple moving average of $0.749. A breakout could propel prices toward $0.90 or even $1.20, according to analysts.
Founder Charles Hoskinson predicts a "gigachad bull run" with trillions flowing into altcoins. The 10th-largest cryptocurrency briefly spiked to $0.777 before retreating, demonstrating volatile demand. crypto analyst Ali notes that overcoming resistance could mark the start of a broader recovery for ADA, which has been range-bound for months.
Cardano Price Prediction: Rising Volume and Bullish Fractal Point to an All-Time High Rally
Cardano's price is gaining momentum as it approaches a critical resistance zone NEAR $0.78. Analysts highlight tightening price structure, rising volume, and bullish sentiment as key drivers. A breakout could propel ADA toward the psychological $1.00 mark.
Technical indicators suggest a parabolic curve forming beneath the resistance level, with volume accumulation signaling potential for explosive continuation. TheDAppAnalyst identifies $0.78 as a pivotal threshold—clearing it with conviction may unlock significant upside.
Market sentiment aligns with the breakout thesis, as traders anticipate another leg up. The convergence of technical and on-chain factors creates a compelling case for Cardano's next major rally.
Cardano Price On The Verge: Analyst Says ADA One Step Away From Breakout
Cardano's ADA is testing critical resistance levels, with analysts eyeing a potential breakout. The cryptocurrency currently hovers near the 200-day moving average, a key technical threshold that could determine its near-term trajectory. A confirmed close above $0.79 WOULD signal bullish momentum, potentially opening the door to the $1.20-$1.25 range.
Market observers note ADA's position at the lower end of its bull market range, requiring sustained buying pressure to validate upward movement. Recent price action shows rejection at resistance levels, mirroring previous patterns where breakout attempts led to local tops before pullbacks. The weekly chart suggests potential separation from major moving averages after months of consolidation.
Cardano (ADA) Price Surges 27% in a Week Amid Growing Market Optimism
Cardano's ADA has surged 27.46% over the past week, trading at $0.7357 with a 16.65% increase in 24-hour volume to $1.8 billion. The altcoin is riding a broader market rally, reigniting trader interest and technical bullishness.
Analysts highlight a symmetrical triangle formation on ADA's chart, suggesting potential for a breakout. CryptoBullet's logarithmic-scale analysis identifies a long-term target zone above $1.60, building anticipation for sustained upward momentum.
The proof-of-stake blockchain regains prominence among top cryptocurrencies as altcoins collectively attract capital inflows. Market sentiment remains favorable, with key support levels holding firm during the recent ascent.
