Cardano price gained renewed attention after reclaiming a key support zone around $0.78 with strong volume. With momentum above $0.88, analysts believed there is a possible breakout to $1.19.
Meanwhile, this bullish prediction comes as Cardano founder Charles Hoskinson argued that ADA holds better fundamentals and upside than Bitcoin.
Cardano Price Reclaimed $0.78
ADA price rebounded from the $0.74–$0.77 zone after weeks of sideways consolidation. This level has been a strong resistance before and is currently a solid support.
The new rally has had increasing volume and consistent closing price over $0.77, indicating a new bull run.
According to chartist Tom Tucker, ADA’s reclaim of $0.77 has re-established structure after the July pullback.
In his analysis, he noted that the move preceded a rebound off $0.72, an area associated with the neckline of an inverse head-and-shoulders pattern.
The breakout of this trend favored a rally towards $0.88 and later $1.19.
This bullish trend is confirmed by spikes in volumes in spot markets. ADA price has consistently printed higher lows since early July, forming an ascending triangle on the 4-hour chart.
If bulls manage to maintain this structure past $0.88, the next resistance will be around $1.19.
Analysts Track Breakout Setup Above $0.88 Resistance
Analysts believe the price structure resembles the pre-rally setup of 2021. For context, Dan Gambardello posted a detailed video outlining ADA price fractal alignment with its prior bull cycle.
The analyst remarked that the $0.88 level is serving as a last line of resistance before a possible bullish rally.
In his view, Cardano price must close above $0.88 on strong spot interest to trigger a rally beyond $1.50.
Furthermore, Minswap also posted a long-term descending channel breakout analysis. His chart showed the altcoin breaking above trendline resistance in mid-July and retesting it as support.
As long as the structure remains above the $0.76 level, this retest will establish a fresh upswing towards the $1.19 zone.
Charles Hoskinson Defends Cardano’s Value Against Bitcoin
In the meantime, during his last interview with Jason Yanowitz, Charles Hoskinson once again confirmed his viewpoint that Cardano had superior fundamentals to Bitcoin.
The founder termed Cardano as a more enhanced platform, focused on scalability, governance, and real-world adoption.
Charles Hoskinson said that it is better technologically than Bitcoin and also more adaptable.
Hoskinson, the founder of Cardano, spoke about the growing presence of Cardano in Asian and African countries, where the network’s decentralized model was proving popular.
In the interview, Hoskinson revealed that, unlike other blockchains, the development model of Cardano enabled implementations of innovations faster without compromising security.
As network upgrades continue, fundamentals may start playing a larger role in driving Cardano price performance.
Analyst Predicts ADA Price to $4
Meanwhile, analyst Smith recently shared a multi-year Cardano price chart showing a completed cup and handle pattern.
His chart showed accumulation since 2022 with a breakout attempt into early 2025. The handle structure seemed to be completing slightly under 0.92, the neckline.
He forecasted that a positive breakout above the $0.92 mark would initiate a parabolic move up toward $4.00, a 4x move up at the current levels.
Smith argued that the accumulation of whales is over, with exchange balances flattening out and on-chain wallet growth increasing.
To further add to the bullish sentiments, the Cardano DeFi ecosystem had surpassed $100 million in total value locked (TVL) during a recent rally.
Such an increase in on-chain activity, coupled with the increasing odds of an ETF approval, has boosted investor confidence regarding Cardano price.
Source: https://www.thecoinrepublic.com/2025/07/30/cardano-price-eyes-1-19-as-analysts-spot-breakout-from-this-pattern/