ADA’s Wild Ride: Will Cardano Soar Past $1? 🚀💰

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TL;DR

  • After weeks of the community whispering about price warnings, Cardano’s native token, ADA, has finally decided to make a grand entrance, surging by a whopping 30% in just a week. It’s like the token was at a party, and suddenly, it’s the life of the event!
  • A crypto analyst with a following that could fill a small stadium (140,000 to be precise) on X is predicting that this is just the beginning. If ADA can break through a key resistance level, it might just dance its way up to and beyond $1. Imagine that! 🕺

Cardano $ADA is breaking through a key resistance level, opening the door for a rally to $0.90–$1.20!

— Ali (@ali_charts) July 13, 2025

This crucial resistance level, a sort of invisible barrier, is set at around $0.74. It’s a level ADA knows all too well, having bumped into it a few times earlier this year. It’s like a recurring character in a play, always showing up at the most inconvenient moments.

ADA managed to breach this barrier briefly during a Friday price surge, reaching a two-and-a-half-month high of almost $0.78. But, just like in a classic tale, the bears (those pesky short-sellers) quickly regrouped and didn’t let ADA stay above this level for long. It’s like trying to hold a balloon underwater—eventually, it pops back up, but not without a struggle.

The last time ADA managed to stay above $0.74 for any significant period was back in mid-May. Since then, it’s been on a bit of a rollercoaster, plummeting down to $0.5 at one point. But who doesn’t love a good rollercoaster, right? 🎢

Despite the ups and downs, ADA is currently the top performer on a weekly scale among the 12 largest cryptocurrencies by market cap, gaining almost 30%. That’s more than XRP (26%) and HYPE (22%). It’s like ADA is the star athlete in a school where everyone else is just trying to keep up.

This impressive price surge comes just a few weeks after IOG proposed a rather bold move: trading $100 million worth of ADA for BTC and stablecoins to enhance the blockchain’s DeFi ecosystem. The proposal, of course, met with immediate resistance from some community members, who feared it could lead to a more painful sell-off and price declines. It’s like suggesting to a room full of chefs that they should throw out their best ingredients to make room for new ones.

Charles Hoskinson, the mastermind behind Cardano, didn’t waste any time in mocking the naysayers after ADA surged past $0.7 and became a top performer. It’s like he was saying, “I told you so, but with a bit more flair.” 🎩✨

Remember when we were told that a 100 million dollar trade of ada would collapse the price?

— Charles Hoskinson (@IOHK_Charles) July 11, 2025

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2025-07-13 09:58