Cardano (ADA) Rockets 26%—Is $1.20 the Next Stop in This Bull Run?

Cardano’s ADA isn’t just climbing—it’s gunning for the stratosphere with a 26% surge. Traders are now eyeing that elusive $1.20 target like Wall Street eyes quarterly bonuses—cautiously optimistic, but ready to bolt at the first sign of trouble.

### The Technical Breakout: More Than Just Hype?

ADA’s chart isn’t just green; it’s neon. The move smashes through resistance levels like a crypto trader ignoring risk management. If volume keeps up, $1.20 isn’t a moon shot—it’s a pit stop.

### The Skeptic’s Corner: ‘But What About the Fundamentals?’

Sure, Cardano’s got upgrades and staking rewards, but let’s be real—this rally smells like leverage and FOMO. Remember: what goes up 26% in a week can crater twice as fast. Just ask the ‘stablecoin yield farmers’ of 2023.

### The Bottom Line

ADA’s got momentum, but crypto doesn’t do ‘slow and steady.’ Either buckle up for $1.20 or prep for the inevitable ‘market correction’ (read: carnage). Either way, it’s entertainment—just don’t bet the farm like it’s 2021 again.

• ADA up 26.22% over the week, now trading at $0.7373.
• Analyst Ali forecasts a bullish breakout, with a target between $0.90–$1.20.
• Grayscale pushes SEC to greenlight an ETF including Cardano, signaling institutional support.

Cardano (ADA) has registered a 4.81% gain in the past 24 hours, currently trading at $0.7373. While short-term momentum appears positive, the 24-hour trading volume has dipped by 12.8% to $1.46 billion, indicating tempered market participation. Over the past week, ADA has gained 26.22%, suggesting renewed investor interest after a prolonged bearish phase earlier this year.

Crypto analyst Ali posted a technical analysis chart on TradingView that shows an optimistic short-term future for ADA. His chart marks off an apparent descending trendline that ADA seems to have broken during the latter part of June to the first week in July 2025. 

Bullish confirmation indicators are an apparent 50- and 200-day moving average bullish crossover, which is considered to be the precursor to rising price movement. Ali’s predicted price level for ADA is between $0.90 and $1.20, which is consistent with major Fibonacci retracement levels.

Cardano Price Predictions for 2025

The price predictions of Cardano in 2025 differ highly between websites. DigitalCoinPrice is optimistic, with their estimate that ADA may reach $1.62 this year and perhaps revisit its historic maximum of $3.10 if the trend continues. They base their Optimism on past areas of support and the increase in the institutional attention that is being given to altcoins such as ADA.

Conversely, Changelly’s technical prediction outlines a more cautious future course. The site predicts the price of ADA in July 2025 to reach an average of $0.775, with probable lows and highs of $0.735 and $0.815, respectively. Their probable ROI is 9.8% for the year, indicating likely price stability but limited gain potential.

Such diverging outlooks underscore the current ambiguity within the broader crypto market, where sentiment is shaped as much by technical analysis as by external regulatory and macroeconomic pressures.

Grayscale Challenges SEC Over GDLC ETF Delay

As an ancillary development that is bound to influence ADA’s market sentiment, Grayscale has formally appealed the U.S. Securities and Exchange Commission (SEC) ruling to suspend the listing of its Digital Large Cap Fund (GDLC) ETF.

The ETF, which is the holder of ADA as one of its constituents, had been approved on July 1 and was suspended afterwards for further review. Grayscale insisted that the delay is detrimental to investors, notably those already in the fund.

The manager of the fund emphasized that the internal workings of the SEC cannot override directives from Congress over how the markets ought to be regulated. Despite 80% of the ETF being invested in Bitcoin and Ethereum, having Cardano included at 0.8% is a notable acknowledgment of its position in the world of digital currencies.

 This article is based on real-time market data and general technical observations. It does not constitute financial advice. Always conduct your own research before making investment decisions.