Cardano (ADA) is rapidly gaining traction in the cryptocurrency market, showing significant price growth.
Price Growth of Cardano (ADA)
Over the last 24 hours, the price of Cardano (ADA) has increased by 10%, reaching $0.825, marking the highest level in weeks. Currently, Cardano stands in the 10th position by market capitalization and is valued at $0.803, reflecting a 28% growth this week. ADA trading volumes have surged by 84% in the last day, totaling $2.36 billion.
Path to $1: What's Next?
The next significant target for Cardano lies at $0.86, a level reached in May 2025. The current momentum and market structure favor bulls, creating a clear path for ADA to reach the $1 mark, which it approached in March after the announcement of a strategic reserve. Should Cardano convincingly break through the $0.86 level, analysts expect a swift move towards $1.
Bearish Signal Invalidated
The price closing above $0.75 invalidates the bearish descending triangle pattern that had formed on Cardano's charts over the last few months. The RSI indicator is in the overbought zone, suggesting an advantage for buyers. However, if the ADA price falls below $0.64, it may indicate that the recent breakout was a bull trap.
Overall, the growth of Cardano (ADA) represents a positive signal for investors. Success in overcoming key levels could lead to significant price increases in the near term.
