On July 16, 2025, Cardano’s ADA token exceeded the significant $0.74 mark, attracting the attention of the crypto community and igniting discussions around its future price direction.
How Is Blockchain Activity Evolving?
Active Cardano addresses have surged by 38% over the past ten days, totaling 38,500, according to Santiment’s data. This increase is attributed to the recent introduction of the Cardano Card by Emurgo, which boosts network usage and ensures consistent funding by directing profit shares to a treasury reserve. User engagement has established a reliable price floor above $0.74, setting the stage for potentially sustainable growth.
Can ADA Hit the Projected $0.85?
Currently, ADA is valued at $26.31 billion, with a daily increment of 2.17%, despite a trading volume dip to $1.34 billion. The price remains above the 20-day simple moving average of $0.7361, indicating buyer influence. A review of the 4-hour chart shows ADA’s price nearing the upper boundary of the Bollinger Bands at $0.7607, with support at the $0.68–$0.70 range. The RSI is positioned at 58.59, suggesting the potential to achieve resistance at $0.78 in upcoming trials.
Key Takeaways
Key takeaways include: a rise above the crucial $0.74 resistance level, an increase in active addresses enhancing ADA’s market prospects, and technical indicators suggesting potential for further price gains targeting $0.85. The launch of the Cardano Card signifies significant ecosystem development, strengthening user engagement.
The current trajectory of ADA reflects a growing interest in the altcoin sector, supported by increasing user activities and technological advancements. Monitoring these indicators will be crucial for anticipating Cardano’s future financial trajectory.
