Cardano (ADA) Bulls Charge Toward $1.31 as Price Smashes Through $0.85 Resistance
Cardano's ADA isn't just climbing—it's moonwalking past resistance levels while traditional finance scrambles to keep up.
Breaking barriers: The crypto just blasted past $0.85 like it was a regulatory suggestion rather than a technical hurdle. Next stop? A bullish $1.31 target that's got traders buzzing.
Market mechanics at work: This isn't your grandpa's slow-and-steady asset—ADA's showing the kind of volatility that makes Wall Street quants reach for their antacids. The move comes as smart contract activity hits new highs, proving (once again) that decentralized networks don't need bankers' permission to print gains.
Just remember: In crypto, what goes up usually does a few loop-the-loops on the way down. But for now? The bulls are firmly in control—and loving every minute of it.
Cardano Holds Gains Near $0.85 After Breakout
Cardano (ADA) traded at $0.852 after rising 7% in 24 hours and 20% over the week. The MOVE followed a breakout from a long downward trend, with buyers now pushing into higher price zones.
Earlier resistance around $0.74 had held the price in check during multiple attempts this year. That level has now been breached. ADA touched nearly $0.78 last week before a brief pullback, but buyers stepped in again, pushing the price above $0.84 heading into the weekend.
Analysts Watch the $0.85 Level for Confirmation
Crypto analyst Ali Martinez said a daily close above $0.85 could open the way toward $1.31. His view is based on earlier market structure and current momentum. ADA has cleared the $0.68 mark, which may now serve as support if prices remain above it.
A daily close above $0.85 could propel Cardano $ADA toward the next key resistance at $1.31! pic.twitter.com/RVgw3yE9lr
— Ali (@ali_charts) July 17, 2025
Marcus Corvinus noted that ADA has exited a long-term descending channel and flagged $0.77 to $0.82 as the next zone to watch. He added that holding above $0.82 could shift attention to $1.18. On the downside, $0.68 and $0.58 are the nearest support zones in case of any pullback.
Open Interest Pushes Higher With Price
Cardano’s recent gains are backed by rising interest in its futures market. Data from CoinGlass shows Open Interest (OI) on ADA has grown by 16% in the last 24 hours, reaching $1.65 billion, surpassing the previous record high of $1.50 billion set on January 18.
Open Interest reflects capital tied to active trading positions. A steady rise often means traders are committing more capital, which can support ongoing moves. This increase adds weight to the recent price trend.
In fact, with ADA reclaiming the $0.80 range and testing $0.85, traders are focused on whether it can close the day above that level.
