Cardano ADA Bulls Target $1.35 as Key Resistance Levels Tested
Cardano (ADA) is showing strong signs of recovery, currently trading at $0.9198 and challenging the critical resistance zone between $0.93 and $1.00. Analysts suggest that a weekly close above $1.00 could confirm sustained bullish momentum, potentially driving the price toward $1.35. Technical indicators, including the breach of the 20-week exponential moving average at $0.743 and Bollinger Bands signaling a measured MOVE to $1.11, further support this optimistic outlook. As of August 17, 2025, ADA's resilience in the face of market volatility highlights its growing strength and investor confidence.
Cardano Bulls Eye $1.35 After Strong Recovery Above Key Support
Cardano (ADA) is demonstrating resilience, trading at $0.9198 and testing the crucial resistance zone between $0.93 and $1.00. A weekly close above $1.00 could signal sustained bullish momentum, with technical indicators pointing to a potential rally toward $1.35. The token has already breached the 20-week exponential moving average at $0.743, while the Bollinger Bands suggest a measured move to $1.11 if the uptrend continues.
Momentum remains robust, with the Relative Strength Index at 59—well below overbought territory—and Moving Average Convergence Divergence lines supporting further upside. Should ADA falter, the $0.74 level emerges as critical support, though losing $0.90 may undermine the bullish thesis. Traders are watching for a decisive breakout, which WOULD confirm buyer dominance and open the path for higher targets.
EMURGO Ends Genesis ADA Delegation to Address Governance Concerns
EMURGO, a founding entity of the Cardano blockchain, has withdrawn its delegation of Genesis ADA to seven community representatives. The move, effective from Epoch 576, aims to address concerns about fairness and undue influence in Cardano's governance processes.
The delegation program was initially designed to amplify smaller, independent representatives who lacked sufficient stake to participate effectively. However, public debates—including discussions at Rare Evo—highlighted unease over EMURGO's outsized influence through its Genesis ADA holdings.
The organization emphasized its right to adjust strategies and framed the withdrawal as a step toward equitable governance. Treasury proposals currently in progress will remain unaffected by the change.
Cardano (ADA) Hits $0.95 After 10% Rally - Whale Accumulation Drives Price Surge
Cardano's ADA surged to $0.95 following a 10% rally fueled by whale accumulation of over 200 million tokens. Regulatory clarity from the SEC on staking activities provided additional momentum, with founder Charles Hoskinson confirming ADA's compliance. Institutional interest grew further as Grayscale considered ADA for its ETF and broader U.S. digital asset reserve discussions gained traction.
Technical indicators remain bullish, with ADA's RSI at 69.14 signaling strong momentum. The token's breakout above the $0.90 resistance level reflects renewed confidence among large investors. Midnight Network's successful NIGHT token distribution, attracting over 25,000 participants, added to the positive sentiment.
Cardano (ADA) Technical Breakout Signals 25% Upside Potential
Cardano's ADA has broken above a key descending trendline, with technical indicators suggesting a 25% rally toward $1.18. Analysts unanimously highlight bullish momentum, with short-term targets converging at $1.05.
The $1.02 level remains critical for continuation, while $0.82 serves as strong support. Blockchain.News leads the most optimistic forecasts, while Finbold's AI model maintains a conservative but still bullish range of $0.82-$1.05.
Market structure mirrors Cardano's 2021 breakout pattern, though trading volumes remain below ideal thresholds. A weekly close above $0.97 would confirm the bullish thesis.
