Cardano ADA: Bullish Momentum Builds as Price Targets $12

Cardano's ADA has shown significant bullish momentum, with its price surging 9% intraday to $0.90, breaking through a critical resistance level at $0.85—marking its highest point since May 12. This rally signals renewed investor confidence and could indicate a structural shift in the token's trajectory. Technical indicators are flashing green, with a short-term golden cross emerging in early July between the 20-day and 50-day EMAs. The cryptocurrency is now approaching a more consequential long-term golden cross, further fueling optimism among traders and investors. With these developments, the question on everyone's mind is whether ADA can reach the ambitious $12 price target. The current bullish signals suggest that this may be within the realm of possibility, especially if the momentum continues and key resistance levels are breached. As of July 22, 2025, Cardano's ADA is poised for potential growth, backed by strong technical and market indicators.

Can ADA Price Hit $12? Bullish Signals Mount

Cardano's ADA surged 9% intraday to $0.90, breaching a critical resistance level at $0.85—its highest since May 12. The rally signals renewed investor confidence, potentially marking a structural shift in the token's trajectory.

Technical indicators flash green. A short-term golden cross emerged in early July between the 20-day and 50-day EMAs. The cryptocurrency now approaches a more consequential long-term golden cross, with the 50-day EMA poised to overtake the 200-day EMA. Such formations typically precede sustained upward momentum, often attracting institutional interest.

Fundamental catalysts amplify the optimism. Market participants increasingly speculate about a potential spot ADA ETF approval by 2025. The recent ProShares Ultra XRP ETF greenlight has bolstered altcoin ETF prospects, with Cardano positioned as a likely candidate for the next wave of crypto investment products.

Cardano's Bullish Surge: ADA Eyes $2.90 as Momentum Builds

Cardano (ADA) has surged 7.23% in the past 24 hours, with trading volume exploding by 90.7% to $2.54 billion. The coin's weekly gain of 23.78% underscores a robust bullish trend, capturing investor attention.

Market activity has intensified, with an 83.44% spike in trading volume to $4.49 billion and a 12.97% rise in Open Interest to $1.84 billion. The OI-weighted funding rate of 0.0240% suggests balanced market sentiment without excessive bullish leverage.

Analyst Javon Marks points to ADA's historical breakout patterns, projecting a potential rally to $1.30 before any retracement. A decisive breach of three-year resistance could propel ADA into price discovery mode, unlocking significant upside potential.

Cardano Price Prediction: Is a 2021-Style Rally Back on the Table as ADA Tests $1.00?

Cardano's price is gaining momentum, testing the critical $1.00 resistance level—a threshold that has historically dictated market sentiment. Analysts suggest a decisive breakout could reignite bullish momentum reminiscent of the 2021 rally.

ADA has surged from June lows NEAR $0.57, establishing higher lows and strong demand at each retracement. The reclaiming of $0.81 signals growing confidence, with $0.98-$1.05 now acting as the next technical battleground.

Market observers note that Apple Pay integration rumors may further fuel speculative interest, though confirmation of the breakout remains pending. The psychological weight of the $1.00 level makes this a pivotal moment for Cardano's medium-term trajectory.

Cardano Price Struggles To Push Higher With 62% Gains in Sight

Cardano's price has broken above the $0.8838 resistance level, sparking bullish expectations for a potential rally toward $1.43. The 17% weekly surge paints a strong technical picture, but underlying on-chain metrics suggest caution.

Derivatives markets show signs of overheating with a positive funding rate of 0.0240%, while OBV divergence hints at weakening buying momentum. The recent shift to positive net flows—$3.35 million ADA moving back to exchanges after weeks of outflows—raises questions about whether holders are preparing to take profits.

This tension between technical breakout and on-chain distribution signals creates uncertainty. The $1.43 target remains viable, but the path may require consolidation or a pullback first.