TLDR
- Cardano (ADA) surged 26.22% over the past week, trading at $0.7373
- Analyst Ali predicts a breakout with price targets between $0.90-$1.20
- ADA broke above a descending channel pattern after months of downward movement
- Daily active users reached 27,000, the highest level since late May
- Grayscale challenged SEC’s delay of their GDLC ETF which includes Cardano
Cardano has posted impressive gains over the past week. The cryptocurrency rose 26.22% in seven days and added another 4.81% in the last 24 hours.
ADA currently trades at $0.7373. Trading volume dropped 12.8% to $1.46 billion despite the price increase.
Technical analysts see more upside ahead. Crypto analyst Ali shared a TradingView chart showing ADA breaking above a descending trendline that contained prices since June.
The breakout came with a bullish crossover of the 50-day and 200-day moving averages. This technical signal often precedes sustained price increases.
Ali’s price targets range from $0.90 to $1.20. These levels align with key Fibonacci retracement zones that traders watch closely.
Cardano $ADA is breaking through a key resistance level, opening the door for a rally to $0.90–$1.20! pic.twitter.com/4dj8jQfJFN
— Ali (@ali_charts) July 13, 2025
Breaking Free From Downtrend
ADA spent months trapped in a descending channel pattern. The cryptocurrency fell from $1.32 to a low of $0.74 during this period.
The recent breakout above the channel’s upper boundary marks a potential trend reversal. Sustaining above $0.7468 resistance remains crucial for bulls.
Failure to hold above this level could send ADA back into the descending structure. Success would open the path toward $0.95-$1.12 range.
Some technical projections show $1.22 as an extended target if momentum continues. The Average Directional Index hit 27.64, confirming strong directional movement.
The Money Flow Index reached 73.64, placing ADA in the upper range that signals capital inflows. Both indicators support the bullish case.
Network Activity Strengthens
On-chain metrics show growing adoption alongside price gains. Daily active users climbed to 27,000, marking the highest level since late May.
Transaction count jumped above 38,000, another multi-month peak according to Artemis data. Rising usage typically supports sustainable price growth.
These metrics suggest real utility driving ADA’s recovery rather than pure speculation. More users actively transacting creates fundamental support for prices.
Price Predictions Vary Widely
Different platforms offer contrasting outlooks for ADA in 2025. DigitalCoinPrice expects ADA to reach $1.62 this year.
They even suggest the cryptocurrency could revisit its all-time high of $3.10 if trends continue. Their optimism stems from historical support levels and growing institutional interest.
Changelly takes a more conservative stance. They project an average price of $0.775 for July 2025.
Their forecast shows potential lows of $0.735 and highs of $0.815. This represents a 9.8% return on investment for the year.
These diverging predictions reflect broader uncertainty in crypto markets. Technical analysis and external factors like regulation shape sentiment equally.
Grayscale ETF Development
Grayscale formally challenged the SEC’s decision to delay their Digital Large Cap Fund ETF. The fund includes Cardano among its holdings.
The ETF received initial approval on July 1 before the SEC suspended it for further review. Grayscale argues the delay harms investors already in the fund.
While Bitcoin and Ethereum make up 80% of the ETF, Cardano represents 0.8% of holdings. This inclusion acknowledges ADA’s position among major digital assets.
The fund manager emphasized that SEC’s internal processes cannot override Congressional directives on market regulation. Resolution of this dispute could impact institutional access to ADA.
The post Cardano (ADA) Price: Weekly Surge of 26% Brings Cryptocurrency to $0.7373 appeared first on Blockonomi.
Source: https://blockonomi.com/cardano-ada-price-weekly-surge-of-26-brings-cryptocurrency-to-0-7373/