Cardano ADA Shatters Resistance: Here’s What Comes Next
Cardano's ADA just blasted through a critical price barrier—and the bulls aren't done yet.
Technical breakout signals potential rally as smart contract activity surges.
Meanwhile, Bitcoin maximalists are still waiting for their 'flippening' moment. Some things never change.
$118,993 to altcoins. Emurgo introduced the Cardano
$0.750641 Card on July 15, enabling global spending, DeFi rewards, and treasury allocations with ADA coins. This resurgence in blockchain activity has supported the price increase.
ContentsRising Cardano Card Presence and Blockchain ActivityTechnical Indicators Point to $0.85 Target
Rising Cardano Card Presence and Blockchain Activity
According to Santiment, active cardano addresses surged by 38% over the last ten days, reaching 38,500. This growth reflects the impact of the Cardano Card launch. While Emurgo’s card solution enhances network usage, channeling profit shares to the treasury ensures sustainable funding for the Cardano ecosystem. User activity within the network has established a solid price structure above $0.74, which strengthens the foundation for a prolonged uptrend. Historical data suggests that as the number of active addresses continues to grow, ADA’s price is set to gain momentum.
Valued at $26.31 billion, ADA has experienced a 2.17% daily rise, absorbing recent gains despite a reduction in trading volume to $1.34 billion. While a drop in volume may signal a calm period, the price remaining above the 20-day simple moving average of $0.7361 confirms buyers’ dominance. This level currently acts as a psychological threshold.
Technical Indicators Point to $0.85 Target
In the 4-hour chart, the price approaches the upper band of the Bollinger Bands at $0.7607, with the $0.68–$0.70 range providing short-term support. The Relative Strength Index (RSI) is at 58.59, remaining below the overbought zone, which increases the likelihood of testing the interim resistance at $0.78 in the next attempt. The current scenario indicates a compression in volatility, suggesting proximity to an upward move.
CoinMarketCap’s altcoin season index recovery shows a gradual capital shift from Bitcoin to promising projects like Cardano. Analysts believe, given the current conditions and technical scenario, that ADA’s price could rise to $0.85 in the near future.
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