Cardano (ADA) Tests Key Resistance Amid Potential Rally and Growing Altcoin Market Interest
2025-07-13 15:46:20
Main Idea
Cardano (ADA) is testing a key resistance level at the 200-day SMA, with potential for a rally to $0.90–$1.20 amid bullish market sentiment, while its founder predicts significant capital inflow into altcoins.
Key Points
1. Cardano (ADA) surged 29%, testing the 200-day SMA resistance at $0.749, a key indicator for medium-term trend direction.
2. A breakout above the 200-day SMA could lead ADA to target higher resistance zones at $0.90 and potentially $1.20, according to analyst Ali.
3. Cardano founder Charles Hoskinson predicts a 'gigachad bullrun' with Bitcoin reaching $250,000 and 'trillions' flowing into altcoins, including Cardano.
4. ADA's recent price surge and technical test reflect growing confidence in its ecosystem and adoption, aligning with Hoskinson's vision of a transformative bull market.
Description
Cardano (ADA) has experienced a notable 29% surge in the past week, signaling renewed bullish momentum in the cryptocurrency market. The price rally has brought ADA to test a critical
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