Cardano (ADA) Skyrockets 22% on Partnership News—$1 Target in Sight?
Cardano’s ADA token surges as strategic deals fuel bullish momentum—but can it dodge crypto’s classic ’buy the rumor, sell the news’ trap?
Partnerships with major fintech players ignite rally, pushing ADA toward key resistance levels. Technicals suggest upside potential, though traders eye Bitcoin’s movements for cues.
Retail FOMO meets institutional interest—another day in crypto’s volatile casino. Will this time be different, or just another pump before the inevitable ’correction’?
Cardano is gaining significant traction, following two major developments. The first being ADA’s addition to Grayscale’s Digital Large Cap Fund. Secondly, its partnership with Brave for wallet integration opens doors to over 86 million users. Consequently, investors are now closely watching ADA price movements, as it continues to enjoy a 22.56% weekly surge. Pondering questions like: “Can ADA price hit $1?” This short-term price analysis will solve all your queries!
Cardano (ADA) Price Analysis: Is the $1 Breakout Next?
ADA price at the time of press is at $0.7979, down 3.40% since yesterday, but still holding a strong 22.56% gain over the past week. The market cap hovers around $28.23 billion, mirroring a 3.39% daily dip, while the 24-hour trading volume has surged 48.51% to $1.8 billion.
On the 4-hour chart, ADA has broken out of a triangle pattern, meaning a bullish continuation is on the horizon. Talking about targets, the immediate resistance lies at $0.864, with the next major target sitting at $0.92. We could see some pullback before ADA makes it to $1. In the meantime, the support stays firm at $0.67.
Wondering if ADA will hit $5? Read our Cardano (ADA) Price Prediction 2025, 2026-2030 Now!
FAQs
What is Cardano’s price today?Cardano’s price today is changing hands at $0.7979, with a daily change of -3.40%.
Is ADA still in a bullish trend?Yes, despite a short-term pullback, the breakout from the triangle pattern and weekly gains indicate continued bullish sentiment.
Can ADA price hit $1?If the bullish momentum sustains, ADA price could surge to $0.92, after crossing the resistance at $0.864.
