Cardano’s $70 Million Upgrade Greenlit – Is ADA Primed to Hit $10 Before September?
Cardano just got the golden ticket. The network's $70 million treasury-approved upgrade could be the rocket fuel ADA needs to smash through resistance.
Price pumps on protocol upgrades? Groundbreaking. But this time, the math adds up—liquidity injections plus bullish sentiment often equal parabolic moves. Even the suits are whispering about a potential FOMO surge.
Will ADA defy gravity and hit double digits? The charts say maybe. The hype says probably. And the crypto casino? Already taking bets.
Just remember: In blockchain, 'upgrade season' is sometimes Latin for 'buy the rumor, sell the news.' Proceed with diamond hands—and maybe a trailing stop.
ADA Price Analysis: Is $10 Now in Focus?
With the immediate market-warming effect of the approval, Cardano could find the momentum it needs to continue its bull run with the breakout of a 2-month bull flag pattern.
ADA is currently retesting a key breakout threshold at $0.75, a level that previously served as strong support before flipping into resistance.
This comes as momentum indicators lean bullish. The RSI has reclaimed bullish territory above the neutral line at 55, a sign that buyers currently overwhelm sellers.
The MACD line remains above the signal line on the 4-hour chart, signalling a short-term uptrend. However, with the histogram flattening out, momentum may be losing steam.
A clean break above $0.75 WOULD confirm the bull flag breakout and open the door to reclaim resistance levels at $0.84 and $0.94.
Clearing these hurdles, the bull flag sets a breakout target around $1.10, marking a 46% cardano price gain from current prices.
If $0.75 fails, the $0.69 support acts as the last barrier for a deeper correction, eying the start of the flagpole at $0.58—a real possibility with retaliatory tariffs likely to worsen economic uncertainty.
While this puts ADA one step closer to the $10 mark, the timeline remains long. The 12-month development roadmap and onboarding of new builders will gradually increase demand over time.
The potential approval of a Cardano spot ETF in October stands as a stronger near-term catalyst, opening the doors to new TradFi demand that could fast-track price discovery.
BREAKING:
BLOOMBERG’S ETF ANALYSTS RAISE APPROVAL ODDS FOR MOST SPOT crypto ETFS TO 90%+
BULLISH!
pic.twitter.com/x5LK8LFOD0
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