Cardano price started a fresh recovery from the $0.780 zone. ADA is now rising and might attempt a clear move above the $0.840 zone. ADA price started a decent upward move from the $0.780 support zone. The price is trading above $0.8120 and the 100-hourly simple moving average. There was a break above a short-term contracting triangle with resistance at $0.8250 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could extend gains if it clears the $0.840 resistance zone. Cardano Price Eyes Steady Increase After a sharp decline, Cardano found support near the $0.780 zone and started a recovery wave, like Bitcoin and Ethereum. ADA was able to surpass the $0.80 and $0.8250 resistance levels. Besides, there was a break above a short-term contracting triangle with resistance at $0.8250 on the hourly chart of the ADA/USD pair. Finally, the price traded close to the $0.840 level. A high was formed at $0.0.8395 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $0.7822 swing low to the $0.8395 high. Cardano price is now trading above $0.8250 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.840 zone. The first resistance is near $0.860. The next key resistance might be $0.90. If there is a close above the $0.90 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.980 region. Any more gains might call for a move toward $1.00 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.840 resistance level, it could start another decline. Immediate support on the downside is near the $0.0.8250 level. The next major support is near the $0.0.8180 level and the 50% Fib retracement level of the upward move from the $0.7822 swing low to the $0.8395 high. A downside break below the $0.8180 level could open the doors for a test of $0.780. The next major support is near the $0.750 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.8180 and $0.7800. Major Resistance Levels – $0.8400 and $0.9000.
Cardano price started a fresh decline below the $0.850 zone. ADA is now consolidating and might extend losses below the $0.80 support. ADA price started a fresh decline below the $0.850 support zone. The price is trading below $0.8320 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.820 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.820 resistance zone. Cardano Price Dips Further After a steady increase, Cardano faced sellers near $0.880 and started a downside correction, like Bitcoin and Ethereum. ADA dipped below the $0.850 and $0.8320 support levels. The bears even pushed the price below $0.820. A low was formed at $0.8003 and the price is now consolidating losses. There was a minor increase toward the 23.6% Fib retracement level of the recent decline from the $0.8376 swing high to the $0.8003 low. Cardano price is now trading below $0.820 and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $0.820 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.820 zone. The first resistance is near $0.8280 or the 76.4% Fib retracement level of the recent decline from the $0.8376 swing high to the $0.8003 low. The next key resistance might be $0.840. If there is a close above the $0.840 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.8620 region. Any more gains might call for a move toward $0.880 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.840 resistance level, it could start another decline. Immediate support on the downside is near the $0.80 level. The next major support is near the $0.780 level. A downside break below the $0.780 level could open the doors for a test of $0.7620. The next major support is near the $0.750 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.8000 and $0.7800. Major Resistance Levels – $0.8200 and $0.8400.
The Cardano price action is back on analysts’ radar, with new bold predictions pointing to a potential rally of more than 300% to a $4 all-time high. Despite struggling to keep pace with other altcoins during this bull cycle, ADA is now sparking renewed discussions across the crypto community as experts weigh in on this latest price forecast. Cardano Price Set To Hit $4 By Year’s End Mintern, Chief Meme Officer (CMO) at Minswap DEX, recently took to X to share a bullish outlook, predicting that Cardano could climb nearly 400% from its current price of under $1 to $4 by year’s end. According to the analyst‘s chart, ADA is forming a strong technical setup that could pave the way for a major breakout. Related Reading: A New Vision For Money: Hoskinson Predicts Bitcoin Will Hit $10 Trillion A detailed Elliott Wave structure reveals a series of corrective and impulsive waves, suggesting that Cardano may be in the midst of a potential wave extension toward the $4 price point. The Fibonacci Extension levels on the chart also show targets ranging from $1.47 to $4.14, with the upper range representing the 200% retracement level. Notably, Mintern’s bullish forecast comes when Cardano’s price is still trading sideways around $ 0.80, leaving many within the crypto space skeptical of a $4 target. Several crypto members argued that ADA has failed to deliver strong gains in this bull market despite other altcoins rallying to new ATHs. One critic even dismissed the cryptocurrency as a “waste,” pointing to its seven-year history of developments and updates without the price performance and appropriate network achievements to match. On the other hand, some community members see Mintern’s ambitious $4 price prediction as a turning point. Optimistic traders are also hoping for at least a move to $1 in the short term, while a few envision a potential rally beyond $4 should market conditions improve and become increasingly bullish. For now, ADA’s path to $4 remains a polarizing topic, with technical indicators suggesting a possibility but market sentiment keeping expectations in check. ADA Interest Rises To 2021 Levels Another crypto expert, known as ‘The DApp Analyst’, has outlined a fresh bullish narrative for Cardano, pointing to a key historical signal. Using Google Trends data, he revealed that search interest in ADA is currently at the same level as in January 2021. Back then, the altcoin embarked on a massive 1,500% rally, pushing its price from under $0.2 to over $3 within just a few months. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock The resurgence of interest at this historical level is particularly significant, as it aligns with broader macroeconomic shifts. According to the DApp Analyst, Bitcoin Dominance (BTC.D) is starting to decline, the US dollar index (DXY) is weakening, and interest rates are projected to ease as quantitative tightening could conclude by year-end. With these factors in play, the analyst predicts that Cardano could be on the verge of its strongest run since 2021. Featured image from Unsplash, chart from TradingView
Charles Hoskinson, a founder of Ethereum and the driving force behind Cardano, laid out a sweeping forecast for crypto markets and payments this week. Related Reading: Dogecoin Gears Up For Triple Surge Vs. Bitcoin – Details He predicted Bitcoin could reach $250,000 in the current market cycle and said the token’s total market value might hit $10 trillion in the next five years. Reports have disclosed that he links that outlook to new US stablecoin rules and what he calls clearer market structure. Bitcoin’s Role And Limits In an interview on the David Lin Report, Hoskinson argued that Bitcoin’s design made it strong as a store of value but limited as a global payments rail. He pointed to the old “big block” debates that pushed the network toward saving rather than everyday payments. Layer Two solutions, he said, are where Bitcoin gains the speed and lower cost needed for daily use. This framing leaves room for other blockchains to offer broader financial services. Cardano’s Track Record And Staking Hoskinson framed Cardano as an alternative path — one built on research and formal methods rather than rapid experimentation. Based on reports, the network has operated continuously for about eight years and uses a proof-of-stake model that many users back. Reports also state that over 70% of ADA in circulation has been staked by holders who support the network. That figure is commonly cited when comparing Cardano’s staking take-up to other blockchains. Stablecoins, Lawmakers, And Push For Tokenization Stablecoins are central to Hoskinson’s case. He told lawmakers and audiences that tokens tied to fiat could give people in countries with weak local currencies access to dollar-like stability. According to White House materials, the GENIUS Act has moved through the political process and was signed into law by US President Donald Trump, creating a new US framework for stablecoins. Based on data, the stablecoin market has topped $250 billion in supply, a milestone that regulators and banks are watching closely. A Critique Of Traditional Markets Hoskinson was blunt about exchanges and the stock market. He called current exchange practices “preposterous” and criticized systems that rely on centralized trust, including large listing fees and gatekeeping by a few firms. Related Reading: Finance News Giant Outlines Where XRP Could Be In 2026 And Beyond He said decentralized exchanges — where the protocol enforces rules — could cut out those middlemen and give people more control over their assets. That pitch fits a wider industry argument for moving custody and trade settlement onto public blockchains. For Hoskinson, Bitcoin will stay digital gold, while stablecoins, tokenized assets, and decentralized systems grow around it. The real question, he suggests, is not only how high Bitcoin’s price can go, but how the movement of money will be reshaped. Featured image from Meta, chart from TradingView
Cardano price started a fresh decline from the $0.9650 zone. ADA is now consolidating and facing hurdles near the $0.880 and $0.8980 levels. ADA price started a fresh decline below the $0.920 support zone. The price is trading below $0.90 and the 100-hourly simple moving average. There is a key contracting triangle forming with resistance at $0.8720 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.880 resistance zone. Cardano Price Eyes Upside Break After a steady increase, Cardano faced sellers near $0.9650 and started a downside correction, like Bitcoin and Ethereum. ADA dipped below the $0.920 and $0.900 support levels. The bears even pushed the price below $0.880. A low was formed at $0.830 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the recent decline from the $0.9641 swing high to the $0.830 low. Cardano price is now trading below $0.90 and the 100-hourly simple moving average. There is also a key contracting triangle forming with resistance at $0.8720 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.8720 zone. The first resistance is near $0.880. The next key resistance might be $0.8980 or the 50% Fib retracement level of the recent decline from the $0.9641 swing high to the $0.830 low. If there is a close above the $0.8980 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.9320 region. Any more gains might call for a move toward $0.9650 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.8980 resistance level, it could start another decline. Immediate support on the downside is near the $0.850 level. The next major support is near the $0.830 level. A downside break below the $0.0.830 level could open the doors for a test of $0.8120. The next major support is near the $0.80 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.8500 and $0.8300. Major Resistance Levels – $0.8800 and $0.8980.
Cardano (ADA) continues to hold firm at the $0.85 support level, despite recent volatility and mixed technical signals. Related Reading: XRP Whales Unload Massive Bags: Distribution Or Trap? The altcoin has been consolidating within a tight range, with traders closely watching the $0.95 resistance zone. A breakout above this level could pave the way for ADA to retest $1, while failure to maintain support risks a deeper pullback toward $0.80. Over the past week, ADA’s price has hovered between $0.82 and $0.87, reflecting cautious market sentiment. ADA's price trends to the upside on the daily chart. Source: ADAUSD on Tradingview Technical indicators remain split: the RSI sits at a neutral 52, leaving room for upward momentum, but the MACD shows bearish divergence, hinting at potential weakness. Analysts believe the next few trading sessions will determine whether ADA breaks higher or faces renewed selling pressure. Analysts Split on ADA Price Outlook Market experts are offering conflicting outlooks on ADA’s near-term trajectory. Some forecasts a short-term move toward $0.95, while others projects a more ambitious rally to $1.05–$1.10 by the end of August, provided volume increases. On the other hand, bearish predictions warn of a potential slide to $0.50 if Cardano fails to defend its key support levels. Institutional interest also remains a factor. The U.S. Securities and Exchange Commission (SEC) recently postponed its decision on Grayscale’s Cardano ETF until October 26, adding regulatory uncertainty. Analysts argue that while an ETF approval could fuel institutional inflows, delays may weigh on investor confidence in the short term. Could a September Rate Cut Ignite a Cardano Rally Toward $3? Macroeconomic catalysts could play a decisive role in ADA’s next move. Speculation is mounting that the U.S. Federal Reserve will cut interest rates in September. Historically, rate cuts have provided a boost to risk assets, including cryptocurrencies. Market reports suggest a potential Fed rate cut could help ADA reclaim the $1 mark and even fuel a rally toward $3, echoing its explosive 2020 run. With Cardano already up 4% in August, a favorable macro shift may accelerate bullish momentum. Related Reading: XRP’s Biggest Doubter Just Dropped Close To $5 Price Bomb — Here’s Why If bulls defend the $0.85 support and break past $0.95 resistance, the path toward $1 and beyond could open. However, a failure to hold support risks a drop below $0.80, leaving traders on edge as September’s rate decision approaches. Cover image from ChatGPT, ADAUSD chart from Tradingview
As the decision on Grayscale’s spot Cardano (ADA) Exchange-Traded Fund (ETF) has been delayed, the altcoin is retesting a key area. Some analysts have suggested that a massive rally is brewing after the price bounced from the range lows. Related Reading: Chainlink Ready For Massive Breakout? A 15% Drop May Come First Cardano Drops As Spot ETF Gets Delayed On Tuesday, Cardano started to recover from its start-of-week correction after bouncing from a crucial area. The cryptocurrency has been trading within the $0.84-$0.96 price range since its breakout in early August, reaching a five-month high of $1.02 on August 14. During the recent market pullbacks, ADA has retested the $0.85 area as support multiple times and has been attempting to reclaim the $0.90 resistance, momentarily holding this level over the weekend. However, Monday’s correction, which saw Bitcoin drop to its lowest level in over a month, sent Cardano back to the range lows, briefly losing the $0.84 support before starting to recover. Amid the retracement, the US Securities and Exchange Commission (SEC) delayed the deadline for Grayscale’s spot Cardano Exchange-Traded Fund for two months. “The Commission is extending the time period for approving or disapproving the proposed rule change for an additional 60 days. The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the regulatory agency explained in the Monday filing. Accordingly, the SEC has postponed the final decision deadline to October 26, 2025. This follows the Commission’s recent two-month delays of many crypto-based ETFs. Earlier this month, the regulatory agency announced it had pushed back the decision deadline for multiple spot Solana ETFs, including Grayscale’s, to October 16. Similarly, it extended the review deadline of several spot XRP and PENGU ETFs for late October. ADA Breakout Coming Soon? Analyst Crypto Bullet highlighted that Cardano appears to be repeating its playbook from the last cycle. After the 2017-2018 run, ADA accumulated in a multi-year range, forming a double bottom pattern between 2019 and 2020. Following the late 2020 breakout, the cryptocurrency reclaimed the range’s upper boundary before retesting this level as support and starting its massive run toward ADA’s $3.09 all-time high (ATH) in the following months. According to the analyst, Cardano’s performance over this cycle has followed a similar path, with the breakout and retest from the multi-year accumulation occurring between late 2023 and early 2024. During the Q4 2024 rally, the altcoin bounced from the range’s upper boundary, and it’s currently in the re-accumulation period that would precede a massive pump in the coming months, if history repeats. To Crypto Bullet, “one last leg is coming,” with a potential final target between the $1.70-$2.10 area, according to the analyst. Meanwhile, market watcher Sebastian highlighted that ADA’s current performance will “mostly depend on what Bitcoin does,” suggesting that the flagship crypto will likely see a bigger retracement soon. Related Reading: Crypto Analyst Says XRP Bull Run Hasn’t Begun, Sets Course For $37 He pointed out that the altcoin has been trading within a bullish flag since the early August breakout, with the upper boundary sitting around the $0.90 area. If it doesn’t reclaim this level, the cryptocurrency would risk a pullback to the lower trendline around $0.80. However, if Cardano breaks out of the bullish formation, it could rally to the $1.20 target. As of this writing, ADA is trading at $0.87, a 4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
A massive opportunity is unfolding in the crypto space as the Midnight airdrop enters full swing, with billions of dollars worth of tokens available to eligible XRP and crypto investors. With just over a month left, industry voices warn that countless users could stand to miss out on one of the largest token distributions in history. Less Than 40 Days Left To Claim The Midnight Airdrop The ongoing Midnight airdrop is quickly becoming one of the most talked-about topics in the crypto space, with billions of dollars potentially left unclaimed. According to Big Pey, a Cardano content creator, holders of XRP, Solana (SOL), ADA, Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), and Brave tokens could be overlooking a one-of-a-kind opportunity. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level The airdrop went live on August 5 2025 and has less than 40 days remaining before the claim window closes. Big Pey praised the tokenomics of Midnight’s $NIGHT token, describing it as “genius”. In his words, the most innovative feature is that $NIGHT generates “DUST,” rewarding users for engaging with the blockchain instead of forcing them to spend their existing holdings for transactions. This model creates a cycle where network activity becomes financially rewarding, contrasting how many blockchains currently function. Community members responding to Big Pey’s post raised concerns about the airdrop’s accessibility. One user inquired about the fate of unclaimed tokens, to which Big Pey explained that they would be redistributed later through a scavenger hunt phase. Another member highlighted the challenge of claiming tokens through hardware wallets such as Trezor. Addressing this, the Cardano content creator assured users that Trezor has confirmed plans to roll out support within the 60-day airdrop claim period, enabling hardware wallet holders to participate without risking security. About The Midnight Airdrop The Midnight airdrop is not just notable for its size but also for what it represents. Midnight is a partner chain built on Cardano, leveraging zero-knowledge proofs to ensure privacy and data protection for Decentralized Applications (dApps). Related Reading: Analyst Says It Doesn’t Matter What Analysis You Use, XRP Price Is Set To Explode The $NIGHT tokens are designed to serve as the governance and ownership layer of the Midnight ecosystem. On the other hand, the network introduces $DUST, a privacy utility that further incentivizes usage and deepens the project’s focus on secure, private transactions. Unlike many token launches relying on presales, Midnight will distribute 100% of its supply to eligible users across eight major blockchains. The airdrop is set to run for 60 days, with half of the distribution allocated to ADA holders and the other half spread across seven cryptocurrencies. Over 33 million wallets are eligible to receive tokens. Holders who do not initially claim will still have four years to secure their allocation, but the initial phase remains crucial for early participation. Investors outside the eight chains are not excluded either, as they can join a scavenger hunt to earn a share of unclaimed tokens later. Featured image from iStock, chart from Tradingview.com
Cardano’s price is caught in a tight range, holding above key support while facing resistance overhead. With momentum weakening, will ADA break higher or slide back toward lower levels in its next decisive move? Bearish AB=CD Pattern Completed With Rejection At $0.95 Alpha Crypto Signal, a crypto analyst on X, recently shared insights on Cardano’s price action, noting that ADA has just completed a bearish AB=CD pattern on the daily timeframe. The rejection around the $0.95 level confirms this setup, suggesting that the market may be preparing for a corrective move. Such harmonic patterns often signal exhaustion in the preceding trend, hinting that ADA could face additional downward pressure in the short term. Related Reading: Cardano (ADA) Pulls Back, Will Bears Push It Lower Again? Currently, Cardano is trading below the 9-day EMA at $0.88, indicating that momentum has weakened following its recent attempts to push higher. Trading beneath this moving average often reflects a bearish shift in sentiment, where buyers struggle to maintain control. The analyst highlighted a critical support zone between $0.74 and $0.77, which will likely act as the first line of defense for bulls. Should this area give way, ADA could extend its decline toward the $0.70–$0.68 range, marking a deeper retracement and potentially testing the patience of long-term holders. Still, the outlook is not entirely bearish. According to the analysis, bulls could regain momentum if ADA manages to reclaim the $0.90 level and establish support above it. A successful recovery beyond this threshold would weaken the bearish narrative and possibly set the stage for another upward push. Cardano Holds Key Level After Pullback CryptoPulse, another market analyst, noted in an X update that Cardano is currently holding above a key support level following a pullback. This resilience suggests that buyers are still defending critical price zones despite recent bearish pressure. Related Reading: Cardano Defies Market Pullback: Could On-Chain Momentum Signal a 70% Run Ahead? According to the analyst, as long as the price maintains this support just above $0.80, ADA has the potential to rebound toward the $1.06 region, which aligns with the 0.382 Fibonacci retracement level. A move in this direction would indicate that momentum is shifting back in favor of the bulls. However, CryptoPulse cautioned that if support fails and ADA breaks lower, a backtest could occur, raising the risk of the price revisiting its range lows. Such a move would reinforce bearish sentiment and potentially delay any significant recovery attempts. In the meantime, the levels are clearly defined, leaving the market to decide its next direction. Whether ADA manages to build on its current support and push higher, or slips back into deeper corrective territory, will depend on how traders respond around these pivotal zones. Featured image from iStock, chart from Tradingview.com
Cardano’s momentum is heating up as whale wallets make bold moves. A recent update from Crypto Update IO reveals that whales have snapped up 100 million ADA in a single day, lifting their holdings to 18.65 billion ADA. Such aggressive accumulation may be hinting at a major turning point for the market. Price Action And Technical Indicators In his analysis, Crypto Update IO pointed out that Cardano’s price has been fluctuating between $0.86 and $0.88 over the past day. Strategic accumulation during this dip suggests that larger investors are positioning themselves for potential future gains, providing a cushion against broader market corrections. Historically, such whale activity has often signaled renewed interest in Cardano. Related Reading: Cardano Defies Market Dip With 20% Weekly Surge: Analysts Eye $10 Target Ahead At present, ADA is trading at $0.88, reflecting a 3% rise within the last 24 hours. This short-term uptick comes despite a 10% decline over the past week, showing that the asset is attempting to stabilize after recent downward pressure. According to Crypto Update IO, Javon Marks highlighted that Cardano’s current market structure appears to be mirroring previous cycles. These patterns could set the stage for an extraordinary surge, with ADA potentially rallying as much as 740% toward the $8 mark if history repeats itself. Such a setup suggests that Cardano may be entering a crucial accumulation phase before significant rallies. Cardano Derivatives Market And Institutional Interest Crypto Update IO went on to explain that Cardano’s derivatives market is showing a blend of caution and growing optimism. Despite a 4% drop in open interest and an 18% decline in trading volume, certain underlying metrics are starting to turn more favorable. The encouraging signal comes from the funding rate, which has flipped positive at 0.0072%. Related Reading: Cardano (ADA) Turns Upward — Signs of a Recovery Emerge A positive funding rate typically indicates that traders are paying a premium to hold long positions over shorts. This dynamic reflects an increasing appetite for bullish exposure, pointing to renewed confidence in Cardano’s near-term trajectory, as sentiment leans toward a price recovery. With long positions beginning to outweigh shorts, the market is signaling that traders are preparing for potential rallies, positioning themselves early before a larger move materializes. This behavior often precedes significant breakouts in the crypto market. Adding to the narrative, Crypto Update IO highlighted that on August 14, ADA futures volume surged to an impressive $7 billion. A spike in futures volume underscores the growing attention Cardano continues to attract from both retail traders and institutions. Combined, these developments suggest that ADA remains firmly on the radar, with derivatives markets quietly building a foundation for what could become its next major rally. Featured image from Adobe Stock, chart from Tradingview.com
Dogecoin, despite being held up around the $0.21 to $0.23 price zone, has seen its user base grow with adoption among crypto investors of all types. Notably, on-chain data shows that Dogecoin has now surpassed 8 million in terms of addresses holding a non-zero balance. On‑chain analytics from Santiment reveal that Dogecoin has risen from approximately 6.9 million holders earlier in 2025 to the latest 8 million milestone. Only Ethereum and Bitcoin exceed Dogecoin when it comes to user base size. Dogecoin Holder Count Keeps Surging The momentum behind Dogecoin’s adoption shows no sign of slowing down, and the number of addresses holding the meme cryptocurrency is now above 8 million. This trend in Dogecoin holders stems from the cryptocurrency increasingly becoming the go-to asset for many retail traders. This, in turn, has seen the number of Dogecoin holders continue to surge this year, especially as retail investors start to transition from other large market-cap cryptocurrencies like Bitcoin, which many now argue is the crypto for institutions. Related Reading: 4-Year Cycle Says Dogecoin Price Will Reach $1, Here’s Why Although Dogecoin also saw a huge growth in the number of holders in 2024, the growth in 2025 is outpacing the trend seen in 2024, To put this into perspective, it took the whole year to add 1 million new DOGE holders in 2024, whereas in 2025, the same milestone has taken less than eight months. This is a substantial increase from about 6.9 million holders in the beginning of 2025. The latest figures place Dogecoin well ahead of other large market cap cryptocurrencies such as Cardano (ADA), Chainlink (LINK), and XRP, as well as major stablecoins including USDT and USDC, in terms of total holder count. Only Ethereum, with about 148 million addresses, and Bitcoin, with around 55 million, surpass Dogecoin’s adoption levels. DOGE Whales Continue Accumulating The steady increase in new Dogecoin addresses has been supported by a corresponding increase in whale accumulation. Trading data shows that large wallets have added more billions of Dogecoins in recent weeks. For instance, recent on-chain data shows that wallet addresses holding between 100 million and 1 billion Dogecoin recently added about 2 billion Dogecoin worth $448 million to their holdings within a week. At the institutional level, Bit Origin made headlines after committing $500 million to a Dogecoin treasury last month when the price was hovering around $0.24. Related Reading: Dogecoin Targets $1.25, But This 170% Move Is The Start Technical traders are also paying close attention. One analyst known as Trader Tardigrade pointed out that DOGE’s current chart setup is nearing the final stages of consolidation before a pump on the daily candlestick timeframe chart. If this pump were to manifest, the analyst projects a pump to $0.41 after breaking out of a triangular consolidation pattern. Interestingly, a longer-term analysis from the same analyst on the monthly candlestick timeframe chart shows that Dogecoin has built a support base and is ready for the next leg up that would take it to as high as $4. At the time of writing, Dogecoin is trading at $0.222, up by 4.3% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
A fresh wave of buying pushed Cardano up the ranks this week, moving ADA into the eighth spot among major cryptocurrencies and nudging Dogecoin and TRON down. Related Reading: Analyst Says Shiba Inu’s $0.000010 Support Could Trigger Major Bounce Reports show Cardano’s market cap climbed to $33 billion, edging out TRON at close to $33 billion and Dogecoin at $32 billion. ADA was trading at $0.9225, rising 0.35% on the day and posting a 16% gain over the last week when this report was made. Cardano Climbs Past Dogecoin And TRON The shift came amid a broader bout of volatility across the crypto market. Based on reports, global market cap briefly peaked at $4.17 trillion on August 14, when Bitcoin surged to an intraday high of $124,388. MARKET: Cardano $ADA has flipped DOGE and TRON in market cap, currently it’s the #8 largest cryptocurrency in the world. Road to #3. ???? pic.twitter.com/5FgelJypIR — Cardanians (CRDN) (@Cardanians_io) August 19, 2025 That strength did not last long; the market corrected and by press time total capitalization sat around $3.88 trillion while Bitcoin traded near $115,259, down 5.5% from the top. Those swings helped rearrange the top 10 as investors chased short-term moves. Community Reaction And Price Moves Cardano touched the $1 mark again on August 14 and the social channels lit up. Founder Charles Hoskinson posted a lighthearted GIF to mark the moment, and traders flagged the recovery as a sign that buyers were back in force for at least part of the rally. The renewed attention came after long stretches where development milestones didn’t always translate to price action, and the August jump showed how quickly sentiment can change. Analysts Point To Higher Targets Several analysts shared bullish forecasts as ADA rose. Javon Marks said ADA had not yet hit its “minimum target,” setting a near-term goal of $1.20 and a longer-term level of $2.91 — a move that would equal roughly a 210% rise from the price quoted above. Other market voices noted a golden cross on ADA’s daily chart and argued that technicals support further gains. Some analysts even floated the idea that ADA could move toward $3 if momentum remains. Related Reading: Bitcoin Poised For 10x Surge? Analyst Points To Gold’s Playbook Short-Term Forecasts And Technicals According to current Cardano price predictions cited in reports, ADA could increase by 27% and reach $1.195464 by September 18, 2025. Market sentiment is listed as Bullish and the Fear & Greed Index read 56 (Greed). Over the past 30 days Cardano recorded 17/30 green days (57%) and showed 8.57% volatility. Those figures suggest steady positive sessions mixed with meaningful swings — a pattern that can reward active traders but also brings risk. Featured image from Unsplash, chart from TradingView
While Bitcoin (BTC) and Ethereum (ETH) stumbled in the latest market downturn, Cardano (ADA) has emerged as a standout performer. Related Reading: What’s Next For XRP After Crashing Below $3? Analyst Answers Over the past week, ADA has surged 20%, maintaining strong momentum even as broader market sentiment turned cautious. According to CoinGecko data, ADA is up nearly 175% year-on-year, trading near $0.92 after consistently holding green candles across daily, weekly, and monthly charts. Bitcoin briefly slipped below $115,000, while Ethereum retraced to $4,200 after touching a multi-year high. Yet Cardano has shown resilience, buoyed by technical and macroeconomic factors that are drawing fresh investor attention. What’s Fueling ADA’s Breakout? One key driver of ADA’s rally is the formation of a golden cross, a bullish chart pattern historically linked to major price upswings. Crypto analyst Lark Davis highlighted that the last golden cross on Cardano preceded a 236% rally, fueling optimism that a similar move could be underway. Speculation about a potential Federal Reserve interest rate cut in September has also added momentum. Analysts at Goldman Sachs, Wells Fargo, and Citigroup project a cumulative 75-basis-point reduction by year-end, a scenario that typically encourages risk-on investments like cryptocurrencies. Adding to bullish sentiment, ADA’s price structure is tightening within a triangle pattern, with $0.98 marked as the key breakout level. A push above this threshold could unleash fresh buying pressure, while support at $0.89 remains crucial to sustaining the trend. ADA's price trends to the downside on the daily chart. Source: ADAUSD on Tradingview Can Cardano (ADA) Really Hit $10? While ADA’s near-term breakout potential looks promising, analysts caution that the ambitious $10 price target remains a long shot in this cycle. Crypto trader Crypto Patel notes that Cardano must first reclaim $1.10, then decisively break the heavy resistance at $2.90, a level that capped gains in the previous bull cycle. If ADA successfully clears those hurdles, the path toward $4–$5 becomes realistic, setting the stage for higher targets in the future. However, reaching $10 would require a 10x surge from current levels, pushing Cardano’s market cap above $300 billion, a feat dependent on widespread adoption, institutional inflows, and ecosystem growth. Related Reading: Ethereum Leads $3.75 Billion Crypto Inflows, XRP And Solana Join The Party For now, ADA’s resilience in the face of a market dip underscores its strength. Even if $10 remains aspirational, analysts agree that a climb toward $2.50–$3.00 in 2025 would already mark a significant achievement for Cardano investors. Cover image from ChatGPT, ADAUSD chart from Tradingview
Cardano price started a downside correction from the $1.020 zone. ADA is now showing some bearish signs and might decline toward $0.80. ADA price started a downside correction below the $0.920 support zone. The price is trading below $0.90 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.940 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could extend losses if it trades below the $0.80 region. Cardano Price Trims Gains After a steady increase, Cardano faced sellers above the $1.00 level started a fresh decline, like Bitcoin and Ethereum. ADA traded below the $0.950 and $0.920 support levels. There was a move below the $0.90 support. The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.7650 swing low to the $1.020 high. There is also a key bearish trend line forming with resistance at $0.940 on the hourly chart of the ADA/USD pair. Cardano price is now trading below $0.90 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.880 zone. The first resistance is near $0.8920. The next key resistance might be $0.940. If there is a close above the $0.940 resistance and the trend line, the price could start a strong rally. In the stated case, the price could rise toward the $1.00 region. Any more gains might call for a move toward $1.050 in the near term. More Losses In ADA? If Cardano’s price fails to climb above the $0.940 resistance level, it could start another decline. Immediate support on the downside is near the $0.840 level. The next major support is near the $0.8250 level and the 76.4% Fib retracement level of the upward move from the $0.7650 swing low to the $1.020 high. A downside break below the $0.8250 level could open the doors for a test of $0.80. The next major support is near the $0.780 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.8400 and $0.8250. Major Resistance Levels – $0.9200 and $0.9400.
While most cryptocurrencies saw steep declines amid a $1.05 billion liquidation wave, Cardano (ADA) stood out as the only top-50 asset in the green. Related Reading: Ethereum Breaks Above Key Level Against Bitcoin, Sparking Bullish Cycle Talk Despite an 11% dip after topping $1.00 for the first time since March, ADA quickly recovered, hovering between $0.89 and $0.91 and signaling strong buyer support on dips. The resilience came even as Bitcoin retreated from its $124,128 all-time high to the $118K–$119K zone and broader macroeconomic pressures weighed on risk assets. Analysts believe ADA’s ability to maintain momentum despite market turbulence strengthens its bullish case. Cardano (ADA)’s Technical Breakout Points to 70% Upside Market analyst Ali Martinez notes that ADA has finally broken out of a descending channel that’s been in place since its December 2024 peak at $1.32. This move mirrors price action from the 2020–2021 cycle, when ADA consolidated in a similar pattern before rallying to an all-time high of $3.09. With the breakout confirmed above $0.84, Martinez projects a potential 70% run toward $1.50. Other analysts, like Crypto Yhodda, point to the repeating pattern from the last cycle, suggesting ADA could next target $1.80 before attempting a breakout toward new multi-dollar highs. Key support now lies between $0.80 and $1.00, with a sustained close above $1.02 likely confirming the next leg upward. Should bullish momentum hold, upside targets include $1.20, $1.50, and potentially $3.10 in a multi-month rally. ADA's price trends to the upside on the daily chart. Source: ADAUSD on Tradingview On-Chain and Institutional Signals Boost Confidence ADA’s fundamentals are also backing the bullish case. On-chain activity has surged to 2.6 million daily transactions, with low fees of $0.12 enabling mass adoption, especially in emerging markets. The ADAV2 upgrade, featuring zero-knowledge smart contracts, decentralized governance, and Hydra scaling up to 1 million TPS, is attracting enterprise interest. Institutional adoption is accelerating as well. Grayscale has increased ADA’s allocation in its Smart Contract Platform Ex-Ethereum Fund to 20%, and the SEC is reviewing a dedicated ADA ETF. A favorable decision could unlock billions in inflows, mirroring Ethereum’s post-ETF rally. Bottom Line With technical breakout patterns aligning with on-chain strength and growing institutional interest, Cardano’s 2025 rally may be far from over. Related Reading: The Bitcoin Cycle You Knew Is Dead, Says Capriole Founder If current support zones hold, ADA could be poised for a 70% surge, challenging key resistance levels and potentially redefining its place among top altcoins. Cover image from ChatGPT, ADAUSD chart from Tradingview
After hitting a new multi-month high, Cardano (ADA) has retraced alongside the rest of the market. Some analysts suggest that the cryptocurrency is ready to reclaim crucial resistance levels and hit new highs in the coming months. Related Reading: Ethereum Eyes ‘Final Boss’ Level, But Analyst Says Weekly Close Is Key For Price Discovery Run Cardano Holds Crucial Support Despite Pullback On Thursday, Cardano experienced an 11% drop after surpassing the $1.00 barrier for the first time since March. ADA’s retracement was fueled by the crypto market’s pullback, which saw massive liquidations throughout the day. According to CoinGlass data, the crypto market saw over $1.05 billion in liquidations over the last 24 hours, driven by higher-than-expected macroeconomic signals. Notably, the PPI number revealed an annual headline inflation of 3.3%, way higher than the 2.5% forecast. Additionally, the US Treasury Secretary Scott Bessent revealed that the US government will not be purchasing additional Bitcoin for its Strategic Bitcoin Reserve (SBR), established by President Trump in March 2025. Instead, the US will stop selling its BTC holdings and continue to build up the reserve’s stash through confiscated assets. As a result, Bitcoin, which hit a new all-time high (ATH) of $124,128 on Wednesday night, retraced to the $117,000-$118,000 support zone, while the rest of the market turned red. Nonetheless, Cardano has gone against the current, becoming the only cryptocurrency in the top 50 list to remain in green despite the broader market pullback, with a 3.5% increase in the daily timeframe. In the last 24 hours, ADA has broken out of its local range, hitting a five-month high of $1.02 on Thursday morning. Amid the market drop, ADA held above its breakout level, hovering between the $0.89-$0.91 range over the past few hours, and it’s attempting to break out of its current levels. ADA To Repeat Last Cycle’s Playbook? Analyst Ali Martinez noted that ADA has been trading within a descending channel since the Q4 2024 rally, which saw the cryptocurrency hit its multi-year high of $1.32 in December. During this period, Cardano has attempted to break out of the descending resistance twice, finally passing this barrier after surging above the $0.84 mark. To the analyst, a confirmed breakout from this level targets a 70% run to $1.50. Previously, Martinez suggested that ADA is showing the same price structure as the last cycle, but it’s more gradual. Other analysts have also noted that the altcoin appears to be repeating its 2020-2021 playbook. Crypto Yhodda highlighted that after hitting its 2018 high, Cardano saw an ABC corrective wave before consolidating within an ascending broadening wedge formation for two years. The cryptocurrency consolidated near the range-high after rejection from the pattern’s resistance in 2020, and before breaking out to its 2021 ATH of $3.09. This cycle, the altcoin has repeated the same movements, accumulating within the same pattern since 2022. Since being rejected from the ascending resistance in late 2024, ADA has been trading between the mid and high zones of this pattern. Related Reading: SUI Set Up For Another Leg? Analyst Forecasts $10 Target For Potential Breakout To the analyst, Cardano is ready to climb again to the formation’s resistance, around the $1.80 area, and break out to new highs. As of this writing, ADA is trading at $0.90, a 20% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Cardano (ADA) has surged past the $1 mark for the first time in months, gaining over 20% in the past 24 hours. The breakout, from $0.8454 to $1.01, signals renewed bullish momentum after a prolonged downtrend. Related Reading: Ethereum CME Gap Threatens Recovery, Why A Crash To $4,080 Is Possible ADA’s rally comes as traders spot a Golden Cross, when the 50-day moving average crosses above the 200-day, which historically has triggered explosive moves. In late 2024, this same pattern fueled a 236% rally, taking ADA from $0.39 to $0.93 in just 27 days. Applying similar gains to today’s prices points to a potential $3 target, a projection that has sparked excitement across the crypto community. Technical Levels Point to Higher Targets for Cardano (ADA) The immediate challenge for ADA is the $1.17–$1.18 resistance zone, which aligns with previous trendline caps. A decisive close above this range could open the path toward $1.24–$1.43. Analysts also highlight $1.50 and $2.00 as key psychological checkpoints before any $3 attempt. Momentum indicators are reinforcing the bullish outlook. The RSI has crossed above 50, while the MACD has made a bullish crossover, signals that previously led to rallies exceeding 170%. Historical patterns suggest that even a moderate follow-through could lift ADA toward $2.06 in the coming months. Support remains firm near $0.84, a level where buyers have consistently stepped in. As long as ADA holds above this zone, analysts expect further upside pressure. ADA's price trends to the upside on the daily chart. Source: ADAUSD on Tradingview Could $3 Arrive Sooner Than Expected? Market sentiment is heating up, with some traders calling this ADA’s strongest setup in over a year. Crypto analyst Deezy predicts a $3 move in less than a month if momentum mirrors past Golden Cross rallies. Others, like Crypto Tigers, see potential beyond $3 should breakout volume remain strong. However, the road upward may not be without turbulence. Overbought conditions could trigger short-term pullbacks, especially around major resistance levels. Still, if Cardano maintains its breakout structure and rides the broader crypto market’s bullish wave, the $3 target may not be as far off as it once seemed. Related Reading: Brace For Impact: Bitcoin Price Could Crash To $110,000 Amid Signs Of Exhaustion For now, ADA’s decisive reclaim of $1 marks a psychological victory for the bulls, setting the stage for what could be its most explosive run in recent memory. Cover image from ChatGPT, ADAUSD chart from Tradingview
Cardano price started a fresh increase from the $0.80 zone. ADA is now rising and might attempt a clear move above the $1.00 zone. ADA price started a fresh increase from the $0.80 support zone. The price is trading above $0.950 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.9350 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could extend gains if it clears the $1.00 resistance zone. Cardano Price Eyes Steady Increase After a sharp decline, Cardano found support near the $0.7650 zone and started a fresh increase, like Bitcoin and Ethereum. ADA was able to surpass the $0.80 and $0.850 resistance levels. There was a clear move above the $0.850 and $0.950 resistance levels. Finally, the price traded close to the $1.00 level. A high was formed at $0.9880 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $0.7653 swing low to the $0.9880 high. Cardano price is now trading above $0.950 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.9350 on the hourly chart of the ADA/USD pair. Source: ADAUSD on TradingView.com On the upside, the price might face resistance near the $0.9880 zone. The first resistance is near $1.00. The next key resistance might be $1.020. If there is a close above the $1.020 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.120 region. Any more gains might call for a move toward $1.150 in the near term. Another Pullback In ADA? If Cardano’s price fails to climb above the $1.00 resistance level, it could start another decline. Immediate support on the downside is near the $0.960 level. The next major support is near the $0.9350 level and the trend line. A downside break below the $0.9350 level could open the doors for a test of $0.9120. The next major support is near the $0.880 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.960 and $0.9350. Major Resistance Levels – $0.9800 and $1.00.
Cardano’s most loyal investors are bucking the usual profit-taking trend and are steadily adding to their ADA stacks even as prices and market heat indicators climb. Data from Alpharactal showed that ADA long-term holders (LTH) have been steadily accumulating the digital asset since 2021 without showing signs of significant distribution. This consistency signals confidence in […]
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Analysts have issued a fresh Cardano price prediction, projecting a 52% surge that could push its value back above $1.20. Despite experiencing significant volatility earlier in this market cycle, analysts remain optimistic about Cardano’s breakout potential. Recent chart patterns also reveal a setup of falling wedges followed by strong rallies—a formation that has historically preceded significant gains for ADA. Cardano Price Prepares For A 52% Rally Crypto analyst Javon Marks has released a new analysis on the Cardano price, highlighting a compelling technical setup that mirrors previous bullish breakouts. In his August 8 report on X social media, Marks’ analyst shared a chart displaying a series of falling wedge patterns, each followed by a significant upward price surge. Related Reading: Cardano Marks Historical Milestone With Governance Vote, Hoskinson Reacts In past instances, these breakouts triggered powerful price rallies, with the latest formation suggesting a potential surge of more than 52% from current levels. This current falling wedge started taking shape in early 2025, with Cardano initially breaking above the upper boundary before pulling back and entering a consolidation phase—mirroring the pattern seen in past cycles. Now the cryptocurrency looks set for a potential breakout, and Marks forecasts that it could send Cardano’s value to levels not seen in over a year, targeting $1.2 or higher on the back of a projected 52% rally. The analyst’s report also indicates that this projected rally could end up being a potential launchpad toward a much larger bullish cycle—one that could see the price of ADA extending toward the $2.9 region. Reaching this milestone would require Cardano to surge more than 261%, representing a remarkable upswing. Notably, the repeated pattern of wedge formation and breakout seen on the Cardano price chart reflects market behaviour in which consolidation phases are followed by aggressive buying pressure. Historically, ADA has responded to similar setups with sustained upward momentum, and the current chart structure suggests that market conditions may already be aligning for another explosive move. Cardano Community Sentiment Hits Record Highs Beyond technical signals, Cardano’s growing community enthusiasm is providing additional fuel for a potential momentum boost. According to recent data, ADA now ranks second across the entire crypto sector for most bullish community sentiment. This surge in optimism reflects investors’ confidence in the altcoin’s long-term prospects, supported by its ongoing network developments and ecosystem growth. Related Reading: A Breakout To Remember: Cardano Price Mirrors Market Conditions That Led To $3.10 ATH Historically, high market sentiment often translates into stronger price action as traders and long-term holders become more confident in a cryptocurrency’s potential to surge. If additional bullish catalysts align with Cardano’s growing community-driven sentiment, the cryptocurrency, which is currently priced at $0.8, could see its value soaring even further. Presently, Cardano’s price is experiencing robust growth. CoinMarketCap’s data shows that the cryptocurrency has surged by nearly 30% over the past month and gained over 11% in the past week. However, despite this price increase, Cardano’s daily trading volume has dropped by approximately 31%, introducing some uncertainty into its market outlook. Featured image from Pixabay, chart from Tradingview.com
Cardano (ADA) is showing renewed strength on lower timeframes, with a short-term surge lifting the price above key moving averages. However, this momentum now faces a critical test as mid-term resistance levels come into play. Will the bulls maintain control, or is a reversal on the horizon? ADA Pushes Above Key EMAs: Bulls Seize Short-Term Momentum Analyst Cexscan on X pointed out that Cardano (ADA) is exhibiting a bullish trend on the 30-minute chart. The asset’s price has surged above the 20, 50, and 100-period Exponential Moving Averages (EMAs), indicating rising buying interest and momentum among short-term traders. Related Reading: Cardano (ADA) Targets $0.80 As Price Retests Key Level – Is An 85% Jump Ahead? Adding further strength to the outlook is the Relative Strength Index (RSI), which currently sits in overbought territory. While this typically signals a possible pause or minor retracement, Cexscan believes that the strong bullish pressure evident in price action could override such a correction in the short run, as long as volume remains healthy. Overall, the combination of bullish EMAs, elevated RSI, and sustained momentum paints an optimistic picture for ADA. Cexscan emphasized that if the current trajectory holds, Cardano could continue its upward path, with intraday opportunities unfolding along the way. Cardano Caught In A Tight Range: Will The Breakout Come Soon? Thomas Anderson, analyzing Cardano’s 4-hour chart in a recent update, pointed out that the price was moving sideways around the $0.3374 zone. This consolidation is occurring between a defined resistance at $0.7612 and support at $0.6874, both marked with yellow horizontal lines. The market appears to be taking a breather, potentially gearing up for a more decisive move. Related Reading: A Breakout To Remember: Cardano Price Mirrors Market Conditions That Led To $3.10 ATH Adding to the picture is the 200-period Moving Average, highlighted in red, which sits just above the current price and acts as a dynamic resistance level. This moving average has repeatedly blocked bullish attempts, making it a crucial hurdle to watch. A clean break above it could be a major trigger for renewed buying interest. On the broader daily timeframe, Anderson observed that Cardano remains trapped within a larger consolidation pattern. The RSI indicator is hovering around 51, reflecting a neutral stance, while the MACD indicator is also showing little directional bias. This reinforces the view that the market is waiting for a breakout catalyst before choosing its next path. Anderson concluded by focusing on the ascending trendline resistance as a key technical level. A strong push above that line could pave the way for intraday gains, especially for scalpers. However, if ADA gets rejected at that level, it may head back toward the lower end of the range, offering potential shorting opportunities for traders watching closely. Featured image from Pixabay, chart from Tradingview.com
After recovering from its local lows, Cardano (ADA) is retesting a key area that could send the price to the next crucial resistance. Some analysts suggest that the cryptocurrency is preparing for a massive rally. Related Reading: Solana To Drop Before The ‘Real Move’? Analyst Forecasts New Highs In Q3 Cardano Retests Key Resistance Following last week’s drop to the $0.70 support, Cardano is attempting to break out of a crucial resistance level to continue its rally. The cryptocurrency has surged 8.8% from Friday’s low, retesting the $0.74-$0.76 area throughout this week. Notably, ADA has been hovering between the $0.65-$0.85 price range since the Q2 market recovery, briefly losing this area during the June pullback. However, the July market pump sent the altcoin to a four-month high of $0.93, sparking bullish sentiment among investors. Since then, Cardano has been in a downtrend, attempting to break out of the descending resistance for the past two weeks. Market watcher Sebastian noted that the cryptocurrency has repeatedly retested the $0.76 zone over the past few days, suggesting that “the more it tests it, the higher the likelihood to break it.” According to the analyst, ADA must reclaim the 50-day Moving Average (MA), which has served as a strong resistance and support level and coincides with the descending resistance breakout area. Following today’s performance, the altcoin has reclaimed the 50 MA indicator and eyes a retest of the $0.76 resistance. A breakout from this level would set the stage for a retest of the next crucial area between $0.79 and $0.80. “Getting back above $0.80 would confirm the trend reversal,” Sebastian affirmed. Meanwhile, a rejection from this area could propel Cardano to retest the recent lows and risk losing its local range again. ADA Breakout Eyes 85%-120% Rally Man of Bitcoin noted ADA’s recent performance, asserting that it is “now potentially working on a small 1-2 setup.” Based on this, he suggested that “as long as the price remains above the last swing low at $0.685, wave-5 of iii should follow next.” Meanwhile, analyst Ali Martinez highlighted that the cryptocurrency has been trading within a descending channel since its December 2024 high of $1.32. According to the chart, ADA retested the channel’s upper boundary for the first time in months during the July breakout but was ultimately rejected. Reclaiming the $0.76 could propel the altcoin to the channel’s resistance, and “a breakout above $0.84 could set Cardano on a path toward $1.30.” Additionally, Martinez asserted that “ADA is showing the same price structure as the last cycle, only this time, it’s unfolding more gradually. And it feels like we’re right at the beginning of an explosive move.” Similarly, Crypto Bullet stated that Cardano has been following a pattern over this cycle. Per the chart, the cryptocurrency has been trading down for months before breaking out and reaching new local highs. Related Reading: Is Bitcoin’s Price Discovery Rally Over? This Week’s Performance May Hold The Answer Last month, the cryptocurrency broke out of its eight-month downtrend, targeting a rally toward the $1.60 area. Now, ADA is retesting the descending resistance line, which could set up the stage for the 120% jump if the breakout is confirmed. As of this writing, Cardano is trading at $0.74, a 3% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Cardano’s Midnight Network has launched its highly anticipated NIGHT token airdrop, and the crypto community responded in full force. Within hours of the August 5 launch of the “Glacier Drop” phase, over 11,000 wallets across eight major blockchains claimed more than 250 million NIGHT tokens. Related Reading: Ethereum Is ‘The Biggest Macro Trade Over The Next 10–15 Years,’ Says Tom Lee The Midnight claim portal, now live, supports wallets from Cardano, Bitcoin, Ethereum, XRP, Solana, BNB, Avalanche, and Brave’s BAT. In total, 33.6 million wallets are eligible to participate in this multi-phase distribution. ADA's price trends sideways on the daily chart, despite the launch of the highly anticipated Cardano NIGHT airdrop. Source: ADAUSD on Tradingview Phased Airdrop Mechanics and Cross-Chain Eligibility While Cardano users will receive the largest share, 50% of the total 24 billion NIGHT tokens, holders from other networks are also included in the drop. The claim process is designed to be fair and non-custodial, requiring users to verify eligibility and sign a transaction. This first phase will remain open for 60 days, followed by a second phase (Scavenger Mine) where users can earn unclaimed tokens through on-chain computational tasks. A third “Lost-and-Found” stage will begin post-mainnet and allow late claims for a limited fraction of the original allocation. Ledger Wallet Glitch Hampers Some Cardano Users Despite the excitement, not everything has gone smoothly. Many ADA holders using Ledger hardware wallets reported issues when trying to claim NIGHT tokens. According to Cardano founder Charles Hoskinson, the problem lies with Ledger’s firmware, which currently supports message signing of only 31 bytes, far short of the 251 bytes needed for the Glacier Drop. Related Reading: Crypto Fantasy Or Future? Expert Predicts XRP Will Hit $1 Million Cardano developers are actively working on a workaround, urging affected users to try again later in the month. “If you are one of the impacted people, then come back towards the end of the month and try again,” Hoskinson advised on X. $71M Upgrade Fails to Lift ADA Price Surprisingly, the airdrop’s momentum comes at a time when Cardano’s $71 million network upgrade has underwhelmed the market. Designed to enhance smart contract performance and scalability, the update has barely moved ADA’s price, which hovers around $0.72, a 2.92% drop in the last 24 hours. Cover image from ChatGPT, ADAUSD chart from Tradingview
ADA struggled to hold $0.740 amid broader crypto weakness, heavy trading volume and distribution pressure following the NIGHT token airdrop.
Cardano (ADA) has achieved a significant milestone with the successful completion of its first-ever on-chain governance vote. For the first time, core development funding has been directly approved by the Cardano community, marking a significant step forward in the blockchain’s transition to fully decentralized governance. Reacting to the milestone, Cardano’s founder, Charles Hoskinson, shared his thoughts on the network’s progress. Cardano Enters New Era Of Decentralized Governance The Cardano ecosystem has reached a pivotal moment in its growth and evolution, marking a historic milestone with the recent execution of its first governance vote. The landmark event signals the beginning of a new phase for the blockchain, where decisions around core development funding are now being made directly by the community rather than centralized entities. Related Reading: Cardano Price Shows Seller Exhaustion Above $0.57 — Bullish Divergence Signals Rally Hoskinson publicly acknowledged the significance of the event in an X social media post on August 3. He praised the community for their support and trust, reinforcing the belief that decentralized governance is not just a vision but now an operational reality within the Cardano ecosystem. Hoskinson’s remarks came in response to an earlier post by Input Output Global (IOG), a blockchain research and development company behind Cardano’s development. IOG had commemorated the blockchain’s recent governance achievement by stating that the Cardano community had officially made history. The governance vote had approved direct funding for core development initiatives, representing a foundational shift in how the Cardano ecosystem grows and evolves. Rather than relying on a small group of decision-makers, the blockchain now empowers its global community to determine resource allocation collectively. Input Output Global praised both Cardano and its community’s efforts, calling the recent milestone the beginning of a new era of decentralized governance. Notably, the broader crypto community is already responding with enthusiasm, with many offering congratulations and support as Cardano celebrates this landmark event. The network’s successful governance vote sets a powerful precedent in the crypto industry, showcasing the potential of a blockchain governed directly by its users. Cardano Becomes Only Top 10 With On-Chain Governance In addition to its historic governance vote, Cardano has emerged as the only top 10 cryptocurrency by market capitalization to implement on-chain governance, setting a new benchmark for how blockchain ecosystems are managed and governed. Related Reading: A Breakout To Remember: Cardano Price Mirrors Market Conditions That Led To $3.10 ATH According to a report by Cardanians (CRDN) on X, the blockchain’s governance framework is actively functioning, with 39 treasury withdrawal proposals currently open for voting. These proposals allow Delegated Representatives (DReps) and the broader community to directly participate in shaping the ecosystem by deciding which initiatives receive funding and move forward. As of now, none of the other top 10 blockchains, including Bitcoin, Ethereum, XRP, USDT, Binance Coin, Solana, USDC, Tron, and Dogecoin, have matched Cardano’s level of on-chain decision-making power. While these cryptocurrencies continue to lead in various areas, Cardano stands out as the 10th-largest cryptocurrency by market cap with a uniquely advanced governance system. Featured image from Adobe Stock, chart from Tradingview.com
Charles Hoskinson, the founder of Cardano, has publicly defended his influence on the blockchain network’s development following growing criticism. In an Aug. 3 post on X (formerly Twitter), Hoskinson addressed the negative claims suggesting that his leadership was detrimental to Cardano’s progress. Hoskinson pointed to the success of his other project, Midnight, highlighting its significant […]
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Cardano price started a fresh increase from the $0.7280 zone. ADA is now rising and might attempt a clear move above the $0.80 zone. ADA price started a fresh increase from the $0.7280 support zone. The price is trading below $0.80 and the 100-hourly simple moving average. There was a break above a key bullish trend line with resistance at $0.7710 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh increase it clears the $0.80 zone. Cardano Price Eyes Steady Increase After a sharp decline, Cardano found support near the $0.7280 zone, like Bitcoin and Ethereum. ADA formed a base above the $0.730 zone and started a decent increase. There was a clear move above the $0.7450 and $0.7650 resistance levels. There was a break above a key bullish trend line with resistance at $0.7710 on the hourly chart of the ADA/USD pair. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $0.8557 swing high to the $0.7287 low. Cardano price is now trading below $0.80 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7920 zone and the 50% Fib retracement level of the downward move from the $0.8557 swing high to the $0.7287 low. The first resistance is near $0.80. The next key resistance might be $0.8080. If there is a close above the $0.8080 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.880 region. Any more gains might call for a move toward $0.920 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.80 resistance level, it could start another decline. Immediate support on the downside is near the $0.770 level. The next major support is near the $0.7520 level. A downside break below the $0.7520 level could open the doors for a test of $0.7280. The next major support is near the $0.70 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.7520 and $0.7280. Major Resistance Levels – $0.7920 and $0.8000.
Cardano founder Charles Hoskinson made headlines this week with a bold forecast. He told investors that ADA could rise as much as 1,000× from its current level. Bitcoin, he argued, has less room to run. His comments came as Bitcoin traded around $118,000 and Cardano lingered around $0.78. Related Reading: Bitcoin Ain’t ‘Better’, ADA Is, Cardano Founder Says Bold Claim On Returns According to Hoskinson, Bitcoin’s market cap of about $2.35 trillion leaves it with only a potential 10× upside to hit a $1 million price. By contrast, ADA sits close to $28 billion market cap. He said that a 100× move would bring ADA close to $77.90, while 1,000× would push it toward $779 per coin. Those figures imply a Cardano market cap around $27.5 trillion. It’s a gap so large that few expect it to close without major shifts in adoption or regulation. ????ADA can 1000X, Bitcoin can’t — Charles Hoskinson Charles says $BTC might 10x, but $ADA can go 100x or even 1000x.???? He mocked: “Oh sure, let’s sell ADA for Bitcoin… so we can make less money.”???? pic.twitter.com/YoZR6gUEzr — Coin Bureau (@coinbureau) July 29, 2025 Rising Debate Over Treasury Moves Based on reports, Hoskinson has also proposed converting up to $100 million of the ADA treasury into Bitcoin and stablecoins. The goal is to boost liquidity for a planned Cardano stablecoin. Some community members warn the move could trigger selling pressure on ADA. Others argue it would strengthen the ecosystem’s cash reserves. The plan has drawn criticism from inside and outside the Cardano camp, with BTC supporters calling for a full switch and ADA loyalists pushing back. Cardano’s Role In Bitcoin’s Future According to Hoskinson, Cardano could serve as a yield layer for Bitcoin, adding smart‑contract capabilities to the original chain. He said Cardano “does substantially more” than Bitcoin’s base protocol. If wallets and DeFi apps use ADA as collateral or for staking, he believes that could drive real‑world demand. Yet today’s dApp numbers still lag behind rivals like Ethereum, and developer activity remains well below industry leaders. Huge Numbers Highlight Gap Based on market caps, a 1,000× ADA rally would vault Cardano past the world’s biggest companies and many national economies. By comparison, Bitcoin shooting for another 10× gain would keep it in the same league it already dominates. The sheer scale needed for ADA to match those multiples has few precedents in financial history. Related Reading: Countdown To August 15: What XRP Investors Need To Know What Investors Should Watch According to market observers, the key signals will be developer growth, transaction volumes, and real‑world use cases. ADA holders will also track whether the treasury move happens and how it’s executed. Any large-scale asset swap could shake trader confidence. For now, Cardano’s community will weigh the promise of outsized gains against the risks of execution and market dynamics. Featured image from Unsplash, chart from TradingView
Cardano’s founder Charles Hoskinson says Bitcoin wasn’t the only story in crypto’s early days. In the last 12 months, ADA climbed 90%, leaving Bitcoin’s 70% gain behind. Related Reading: Countdown To August 15: What XRP Investors Need To Know He argues that this gap isn’t new—it’s been widening ever since Cardano switched hundreds of millions of dollars’ worth of BTC into building its own network. Cardano Vs. Bitcoin Returns According to interviews with Blockworks co‑founder Jason Yanowitz, Cardano’s early backers traded yen contributions into 108,000 BTC. That stash would be worth about nearly $13 billion today if it had just sat there. Instead, those coins went straight into building Cardano’s network. Based on reports, ADA’s market cap now sits at $30 billion—about 150% higher than the value of the Bitcoin reserve and roughly 2.8 times as much. Really enjoyed this conversation with @IOHK_Charles We covered a lot: politics, psychedelics, his bison + black hawk, his alien search, Japan’s influence on Cardano, personal security, and of course… Why he believes ADA is a better investment than BTC.pic.twitter.com/rB26dLLVpP — Yano ???? (@JasonYanowitz) July 28, 2025 Since launch, ADA has jumped nearly 4,000% from its $0.02 debut in September 2017. Bitcoin has rallied 2,400% from a $4,337 price point in that same stretch. Many investors see those raw numbers and wonder whether they should have picked ADA over BTC from the start. They lay out a clear record of gains. Yet gains aren’t the full picture. Each network serves a different purpose. Bitcoin leans on being a store of value. Cardano mixes staking, smart contracts and on‑chain governance. Future Growth Prospects Hoskinson isn’t stopping at history. He predicts Bitcoin could still make a 10× move to reach $1 million per coin. ADA, by his math, could expand 100× to 1,000×. That puts Cardano’s potential market cap in the $2.8 trillion to $28 trillion range. He points to projects like Midnight, which aims to bring data privacy to blockchains, and to Cardano’s role as a possible “DeFi layer” for Bitcoin. Those are the levers he says can drive the next big leg up. That vision carries plenty of risk. Blockchains often launch big ideas that take time—or never—find their footing. And pushing ADA to a multitrillion‑dollar valuation would demand major real‑world use, plus a flood of new users and developers. Even a 100× gain would redraw the charts, let alone 1,000×. Related Reading: Bitcoin Is A Lifeline, Says Billionaire, As US Faces Debt Time Bomb A Balanced Take ADA’s run has been impressive. It’s clear that building a living network, rather than simply holding coins, can pay off. But calling ADA “significantly better” than BTC turns on much more than past returns. It hinges on successful rollouts, deep user engagement, and fresh use cases that catch fire. Whether Cardano will rewrite blockchain history remains to be seen. For now, investors can look at the numbers, weigh the risks, and decide if they want a piece of a project that bets on being more than just money. Featured image from Unsplash, chart from TradingView
As the crypto market gears up for what many expect to be a major bull run in 2025, top analysts are beginning to share their most realistic price predictions for leading digital assets like Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Binance Coin (BNB), Aptos (APT), and others. Though their forecasts vary in optimism, there’s a shared consensus that significant gains are likely on the horizon. Bitcoin, Ethereum, LINK, BNB And Aptos Price Forecast As excitement builds around the next potential crypto bull run, well-known crypto analyst and YouTube host Altcoin Daily has released a fresh batch of “realistic” price predictions for major digital assets expected to perform strongly in 2025. Related Reading: The Final Bitcoin Act: Here’s What To Expect As BTC Trends Sideways In the forecast posted on X social media, Bitcoin is expected to reach a peak of $150,000 during the next bull market. Currently trading at $117,629, the flagship cryptocurrency has pulled back from its recent all-time high above $123,000. To reach the projected $150,000 target, BTC would need to surge by roughly 27.52% from its current level. Ethereum, the second-largest cryptocurrency, is also set for significant gains this cycle. Altcoin Daily forecasts that the altcoin is likely to hit $5,000 in 2025. Over the past few weeks, Ethereum has posted strong gains, overcoming key resistance and emerging from a prolonged consolidation phase. Now trading at $3,696, the top altcoin has surged by an impressive 61.45% over the past month. From this level, ETH would need to climb approximately 35.26% to reach a $5,000 peak. Weighing in on other major altcoins, Chainlink, the leading decentralized oracle provider, is expected to rise to $30, representing a potential surge of over 57% from its current price of $19.1. As for Binance Coin, Altcoin Daily anticipates a strong rally toward the $1,000 mark from BNB’s current price of $759. For the final forecast, Altcoin Daily sets a $10 target for Aptos, a relatively newer Layer-1 blockchain. At the time of writing, the token is trading at $5.25, meaning it is expected to surge by approximately 90.5% to reach the expected peak. Realistic Targets For 2025 Altcoin Season Offering a significantly more inclusive forecast, crypto analyst Domba.eth took to X to share realistic price targets for 19 major cryptocurrencies ahead of the anticipated 2025 altcoin season. In line with Altcoin Daily’s projection, Domba.eth forecasts a relatively similar peak range for BTC, ETH, and BNB. Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? The analyst’s projection also extends to cryptocurrencies not covered by Altcoin Daily, including Solana, XRP, and Cardano. Notably, Solana is expected to rise between $300 and $500 during the upcoming altcoin season, suggesting a possible surge of 50% to 152% from its current price of $199.1. XRP, which recently saw a sharp rally above $3.5, is forecasted to rise between $3.2 and $4.7, assuming positive sentiment remains strong and legal clarity improves. Meanwhile, Cardano is expected to reach a range of $1.2 to $2.1, representing a potential gain of roughly 38% to 141.4% from its present price of $0.87. Featured image from iStock, chart from Tradingview.com