Last Updated on 18th July, 2025
Cardano (ADA) is among the top 10 cryptocurrencies globally as its price is experiencing an increased surge. It has already increased by 58 percent since the end of June, and these days most traders are betting that it will be much higher in the near future, potentially reaching 1$.
Among the most popular networks on the market, Cardano has been doing significantly well throughout the past several weeks. Initially, it began on June 22 nd at approximately 0.52 and is now at 0.825, which totals to approximately 28 percent within the span of the week. Until that time, ADA has been traded at 0.70, which is welcome news to ADA owners.
What’s Happening with Cardano Right At This Moment?
The price has gained 10% in terms of the past 24 hours, and this is the highest change within a given period in many days. The trading volume also improved as it took a value of 2.36 billion, which is an improvement compared to the previous levels by a factor of 84%. The reasons are quite a few, but still, this is a good sign as far as ADA holders are concerned.
Over the years, ADA had been languishing at two major price levels or resistance levels, which it could not break. However, in July, ADA was able to break through the 50-day moving average ($0.639) and the 200-day moving average ($0.747) at last. These are key figures to traders, and when a coin busts them, that usually indicates that the coin has a new boost. These price levels were like invisible walls that ADA kept hitting, but now they’re behind it. That’s why some experts believe this rally could continue for a while.
Right now, ADA’s next challenge is $0.86, which was the highest point it reached in May. If ADA can break through this level, too, the move to $1 could happen quickly. Numerous technical indicators also indicate that the trend is reaching great peaks. ADA is reaching overbought territory in the RSI (Relative Strength Index) view. It generally implies that many individuals are purchasing it, and that consumers are market dominators.
One more positive indicator: a bearish triangle (which is usually an indication of declining prices) has been breached. ADA broke above the downtrend of 0.75, and this is a good indicator for a trader. As promising as the current trend seems, there is no immunity. Provided that the price goes below 0.64, this may be an indication of failure to break out. In that event, the powerful bull run would have only turned out to be a temporary fake-out.
Where Does It Stand?
The price of Cardano is shooting up and may be approaching a dollar in price in case of this bullish trend continues. The coin broke past the key resistance and appears to be actually strong. Provided that it does not fall below the price of $0.75 and manages to go above the price of $0.86, the possibility of reaching the price of $1 in the near future is high. However, when there is a drastic decline to less than 0.64, perhaps it could be an indicator that the rally has stalled; hence, traders should pay attention.
