Cardano (ADA) Surges 15% – Will Bulls Smash the $1.00 Barrier?

Cardano's ADA isn't just climbing—it's rocketing. A 15% surge in price has traders buzzing, but the real question looms: can this momentum crack the psychological $1.00 ceiling?

The Bull Case

If buying volume keeps up, ADA could rewrite its recent history. The last time it flirted with $1.00, the market was a different beast. Now, with institutional interest creeping into altcoins, the stars might align.

The Skeptic's Corner

Then again, 'institutional interest' is the same phrase crypto boosters used before the last 80% crash. Remember when 'fundamentals' meant something other than hopium and GitHub commits?

The Bottom Line

Whether this pumps or dumps depends on whether Cardano's 'peer-reviewed' blockchain can outrun its reputation as the 'academic coin' that never quite graduates to real-world use. Place your bets—just maybe hedge them.

Cardano Price Eyes Steady Increase

After a sharp decline, Cardano found support near the $0.7650 zone and started a fresh increase, like Bitcoin and Ethereum. ADA was able to surpass the $0.80 and $0.850 resistance levels.

There was a clear move above the $0.850 and $0.950 resistance levels. Finally, the price traded close to the $1.00 level. A high was formed at $0.9880 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $0.7653 swing low to the $0.9880 high.

Cardano price is now trading above $0.950 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.9350 on the hourly chart of the ADA/USD pair.

Source: ADAUSD on TradingView.com

On the upside, the price might face resistance NEAR the $0.9880 zone. The first resistance is near $1.00. The next key resistance might be $1.020. If there is a close above the $1.020 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.120 region. Any more gains might call for a move toward $1.150 in the near term.

Another Pullback In ADA?

If Cardano’s price fails to climb above the $1.00 resistance level, it could start another decline. Immediate support on the downside is near the $0.960 level.

The next major support is near the $0.9350 level and the trend line. A downside break below the $0.9350 level could open the doors for a test of $0.9120. The next major support is near the $0.880 level where the bulls might emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.

Major Support Levels – $0.960 and $0.9350.

Major Resistance Levels – $0.9800 and $1.00.