Cardano’s Massive Breakout Incoming? Bulls Defend Key Support While Volume Explodes to $774M On Binance
2025-07-18 20:47:57
Main Idea
Cardano (ADA) is showing signs of a potential bullish breakout, with strong buyer support at key price levels and a significant increase in trading volume.
Key Points
1. Cardano's price is retesting a support zone between $0.70–$0.72, which could lead to a bullish continuation toward $0.85 if defended by buyers.
2. Analysts suggest ADA could potentially reach $1.50 in the coming days, with the current price at $0.80, marking a 22.6% weekly increase.
3. Trading volume for Cardano has surged, with over $774 million on Binance alone, followed by $646 million on MEXC and $332 million on Bybit.
4. The volume surge indicates growing interest from both retail and institutional investors, potentially driving ADA toward $1 in the short term.
Description
As speculation surges that Cardano may be poised to retest or surpass the psychological price of $1, bulls are strongly defending the $0.70 to $0.72 zone.
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