ADA Is Breaking Out: Will Cardano Surge Past $1 Next?
2025-07-13 07:01:31
Main Idea
Cardano's ADA faces resistance at $0.74, a level it briefly surpassed recently but has not sustained since mid-May, despite being the top weekly performer among the top 12 cryptocurrencies.
Key Points
1. ADA encountered resistance at $0.74, a level it briefly surpassed during a recent surge to $0.78 but failed to close above.
2. The last time ADA traded sustainably above $0.74 was in mid-May, followed by a correction down to $0.5.
3. ADA is the top weekly performer among the top 12 cryptocurrencies by market cap, gaining almost 30%, outperforming XRP (26%) and HYPE (22%).
4. IOG proposed trading $100 million worth of ADA for BTC and stablecoins to enhance Cardano's DeFi ecosystem, a move that faced immediate resistance.
5. Charles Hoskinson mocked critics after ADA surged past $0.7 and became a top performer.
Description
TL;DR Following weeks of consolidation and price warnings from the community, Cardano’s native token exploded in the past several days, registering a 30% weekly surge. A popular crypto analyst with almost 140,000 followers on X believes this could be just the beginning and envisioned a further surge to and beyond $1 if ADA breaks through a key resistance level, which is being tested now. Cardano $ADA is breaking through a key resistance level, opening the door for a rally to $0.90–$1.20! pic.twi...
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