🚀 Cardano (ADA) Shatters Resistance With 20% Daily Rally—$1.54 Target Now in Sight
Cardano’s ADA isn’t just climbing—it’s moonwalking past trendlines. A 20% daily surge has traders eyeing $1.54 like it’s last call at a crypto happy hour.
The Breakout Play
ADA’s chart just pulled a Houdini, escaping a weeks-long squeeze. No fancy fundamentals here—just pure, greasy price action that’d make a quant blush.
Target Practice
That $1.54 marker? It’s now the talk of Crypto Twitter. Bulls are stacking orders while skeptics mutter about ‘overbought’ RSI—as if that ever stopped a hype train.
The Fine Print
Of course, this is crypto—where ‘technical analysis’ often means drawing lines until one fits the narrative. But today? Today belongs to the ADA maximalists popping champagne made of hopium.
Cardano Surge Clears Key Trendline
Cardano (ADA) has moved above a descending trendline that had held since late 2024. This MOVE came with a weekly gain of over 22% at one point, which helped ADA surge to just over $1. The trendline break appears on strong volume, showing firm activity around this level.
Meanwhile, the breakout marks ADA’s best weekly performance in several months. The price now sits above former resistance, and traders are watching to see if it can stay there. A close above this level over the coming days may support a further move up the chart.
CryptoPulse shared price levels that may serve as possible targets if the breakout continues. These are $1.13, $1.31, and $1.54. Each of these lines up with zones that acted as support or resistance in past trading periods. ADA is also NEAR the 0.618 Fibonacci level at $0.92, which may slow price movement in the short term.
Cardano Weekly Outlook$ADA has broken above its descending trendline and is showing strong momentum this week (+22%). If buyers can hold this breakout, the path toward higher targets looks promising.
Targets:
TP1: $1.13
TP2: $1.31
TP3: $1.54
Invalidation: Drop back… pic.twitter.com/HB9XsJcgKP
— CryptoPulse (@CryptoPulse_CRU) August 14, 2025
If buyers push through $0.92, the chart shows possible next steps toward $1.07, $1.28, and $1.63. On the downside, traders are watching $0.80. A move below this level may indicate that the breakout has failed, and the price could drop back toward the $0.55 to $0.60 zone, which served as support earlier in the year.
Network Use and Volume Rising
Recent network data from Santiment shows a sharp rise in usage. Daily active addresses reached 42,309, and 24-hour trading volume climbed to 2.21 billion ADA. Both figures show growing interest in the network and in ADA’s price move.
At the same time, development activity has dropped to 25.76, the lowest since early July. While users and traders are more active, work on the codebase has slowed during this period.
Shorts Liquidated as Price Surges
According to Coinglass, ADA liquidations totaled $5.79 million on August 14. Most of this came from short positions, with $4.83 million in losses. Longs saw around $956,000 cleared. The sharp move above $1.00 forced many traders out of their bearish bets, adding fuel to the rally.
Meanwhile, Grayscale has created a Delaware-based trust for ADA. This has led to new discussion around a possible spot ETF tied to the asset, which some traders see as a sign of growing interest from institutions.
