Bullish sentiment is rising for Cardano’s price. Recent developments around Cardano’s ecosystem are fuelling a new wave of institutional FOMO. It has seen Cardano’s price surge past previous resistance zones.
ADA is up around 24% in the last 30 days, adding to a year-to-date uptick of nearly 90%. Analysts perceive Cardano’s price to have the most bullish potential compared to most altcoins, given its pullback of 72% from its ATH.
While ADA surges towards $1, emerging Remittix offers even more gains on its way to $1. Remittix’s RTX is in presale mode, and $14.9 million has been raised so far. With RTX currently priced at $0.0757, analysts forecast a 3,000% uptick on launch. That could see RTX surpass a $1 price in a short while.
Cardano’s Price Surges Past Previous Resistance as Bullish Sentiment Rises
After a meteoric 291% uptick in November last year, ADA peaked at highs of around $1.3. Later, Cardano’s price has registered a precipitous drop alongside the broader market-wide downturn, hitting lows of $0.53.
However, with Bitcoin now above $100K, Cardano’s price has rebounded with strong bullish signals. It bounced off the 50-day SMA at the $0.67 mark.
On a monthly timeframe, Cardano’s price has formed a rising wedge pattern. It signals a possible trend reversal from the previous downtrend.
Coupled with an RSI above 50, Cardano’s price is likely to register a breakout. That could see it tap into a demand zone just above $0.90. Whales and institutions are already in FOMO over Cardano’s price. The on-chain data revealed a massive accumulation of over 40 million ADA within hours.
In a 4-hour timeframe, Cardano’s price has confirmed a breakout from a prolonged consolidation phase that started around February 2025. The ascending wedge resistance zone at $0.75 is now the new support as ADA rallies towards $1.
Should the bulls persist, Cardano’s price could sustain its uptick above the SMA 200 ($0.79). It could hit highs of $0.846 in the short term. Further boosting Cardano’s price surge includes the network’s recent advancement, such as the successful bridgeless transfer of BTC onto Cardano’s UXTO protocol. Cardano’s developer activity is also on the rise, with Cardano’s founder announcing a shift in Cardano’s initial development philosophy.
Remittix’s RTX Launch is Set to Outshine Cardano’s Price Rally
Recent technical indicators confirm that Cardano’s price will soon surpass $1. However, an emerging token in the remittance space is set to outshine Cardano’s price rally, with analysts pointing out a possible 3,000% uptick.
Remittix is reinventing cross-border payments with a revolutionary PayFi protocol built to simplify remittance and make it affordable and accessible to the masses. With the remittance industry projected to be worth over $250 trillion by 2027, Remttix is leading the charge with a payment network that enables crypto holders to send funds directly from their wallet to a recipient’s bank account.
The entire transfer obscures the complexities of dealing with crypto wallets for the recipient, further simplifying the process and enabling its use across different jurisdictions.
Remittix’s PayFi protocol supports over 30 fiat currencies, meaning users can send funds all over the world. Plus, crypto holders can use over 40 cryptocurrencies, including stablecoins, further adding to the convenience and flexibility.
Apart from empowering crypto holders and regular users, Remittix also caters to businesses through its Remittix PAY API. It enables them to accept crypto payments seamlessly.
With a presale that has sold over 80% of RTX’s total supply of 1.5 billion tokens, now is the best time to join the PayFi revolution with Remittix’s RTX.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Source: https://www.thecoinrepublic.com/2025/05/13/remittix-and-cardano-price-targets-1-which-is-set-for-500-gains/