ADA Price Prediction: Bullish Technicals and $71M Funding Fuel $1.35 Target

#ADA

• ADA breaks key $0.80 resistance with strong technical support
• $71M development fund approval fuels bullish momentum
• Technical indicators (MACD, Bollinger Bands) confirm uptrend

ADA Price Prediction

ADA Technical Analysis: Bullish Signals Emerge

According to BTCC financial analyst Sophia, ADA is showing strong bullish signals as it trades above its 20-day moving average (0.780415) at 0.79470000 USDT. The MACD indicator (0.049814 | 0.027689 | 0.022126) confirms upward momentum, while the price sits comfortably above the middle Bollinger Band (0.780415), suggesting potential for further gains toward the upper band at 0.875104.

Cardano (ADA) Gains Momentum with $71M Development Fund Approval

BTCC financial analyst Sophia notes that ADA's breakout above $0.80 coincides with bullish news including a $71M community upgrade approval. The market sentiment appears strongly positive as ADA surged 7.76% following the funding news, with price predictions now targeting $1.35 following a descending triangle breakout.

Factors Influencing ADA's Price

Cardano (ADA) Breaks $0.80 Resistance as $71M Community Upgrade Fuels Bullish Momentum

Cardano's ADA surged past the $0.80 resistance level, trading at $0.81 with a 0.97% daily gain. The breakout follows a 19% rally in early August, driven by a landmark $71 million community-approved upgrade package. This marks the first direct funding of core development through decentralized governance, signaling robust confidence in the network's future.

Technical indicators suggest further upside potential, with ADA's RSI at 59.44—well below overbought territory. The cryptocurrency has maintained bullish momentum since clearing the critical $0.75 resistance, demonstrating sustained buying pressure amid growing institutional interest.

Cardano's SNEK Token Sparks Debate Amid Community Growth and Funding Request

The SNEK token, a Cardano-based asset, is gaining traction as its community advocates for greater recognition within the ecosystem. Rami, a core contributor, emphasized SNEK's role in driving adoption, despite tensions with Cardano founder Charles Hoskinson over a proposed 5 million ADA ($3.9 million) treasury grant.

SNEK boasts 42,000 unique wallets—the highest among Cardano tokens—and 2 billion ADA in cumulative trading volume. The team argues these metrics justify exchange listings to broaden accessibility. Hoskinson's skepticism highlights the friction between grassroots projects and ecosystem governance.

Cardano Surges 7.76% Following $71M Development Fund Approval

Cardano (ADA) has surged 7.76% in the past 24 hours, trading at $0.79 after the community approved a $71 million funding proposal. The allocation, sourced from the blockchain's treasury, marks a historic milestone as the first direct financing of major infrastructure upgrades by the community.

The funds will accelerate network improvements, developer tooling, and interoperability enhancements. Analysts suggest a $1.00 price target is achievable, supported by bullish whale accumulation and strong governance maturity.

On-chain data reveals heightened activity from large ADA holders, a pattern often preceding significant price rallies. The move underscores Cardano's growing institutional confidence and long-term viability.

Cardano Price Prediction: ADA Breaks Descending Triangle, Targets $1.35 and Beyond

Cardano's ADA has shattered a long-term descending triangle pattern, signaling a potential reversal of its bearish trend. The breakout above the $0.64-$0.65 resistance zone, accompanied by rising weekly volume, suggests accumulating bullish momentum.

Market structure now points to a measured move toward $1.00, a previous distribution zone. Beyond this level, the path appears clear until the $1.50-$1.60 range, with technical projections hinting at $3.00 potential in extended bullish scenarios.

The sustainability of this breakout hinges on ADA maintaining its position above the former resistance line. Traders will watch for confirmation through consistent closes above this threshold and expanding trading volumes.

Is ADA a good investment?

Based on current technicals and market developments, BTCC analyst Sophia suggests ADA presents a compelling investment opportunity:

The combination of positive technical indicators and fundamental developments creates favorable conditions for ADA appreciation, with initial resistance at $0.875 and longer-term targets near $1.35.