On July 16, 2025, Cardano’s (ADA) price surpassed the $0.74 level, attracting significant attention in the cryptocurrency market. Discussions about a new dollar threshold for ADA are intensifying.
Surge in Cardano Active Addresses
According to Santiment, the number of active Cardano addresses surged by 38% over the last ten days, reaching 38,500. This growth reflects the impact of the Cardano Card launch, which enhances network usage and channels profit shares to the treasury. Increased user activity within the network has established a solid price structure above $0.74, strengthening the foundation for a prolonged uptrend.
Technical Indicators Pointing to $0.85 Target
On the 4-hour chart, the price is approaching the upper band of the Bollinger Bands at $0.7607, with the $0.68–$0.70 range providing short-term support. The Relative Strength Index (RSI) is at 58.59, remaining below the overbought zone, increasing the likelihood of testing the interim resistance at $0.78 in the next attempt. The current scenario indicates a compression in volatility, suggesting proximity to an upward move.
Market State and Future Predictions
Cardano is currently valued at $26.31 billion and has seen a 2.17% daily rise, despite a reduction in trading volume to $1.34 billion. A drop in volume may signal a calm period, but the price remaining above the 20-day simple moving average of $0.7361 confirms buyers’ dominance.
Given the current conditions and technical scenario, analysts believe that ADA’s price could rise to $0.85 in the near future.
