Category: Crypto News, News
Cardano ADA Eyes $0.85 Breakout as Bullish Momentum Builds
Cardano’s ($ADA) price trajectory has drawn significant attention in late July and early August 2025, as the asset consolidates within a falling wedge pattern, hinting at potential bullish momentum [1]. Traders are closely monitoring key resistance levels, with a decisive breakout above $0.8475 seen as a critical step toward $0.90 and, eventually, the $1 threshold [1]. On the 4-hour chart, ADA/USD is currently trading near $0.7990, above both the 50-day and 200-day simple moving averages, reinforcing the possibility of a continued upward trend [1]. The Relative Strength Index (RSI) stands at 63.84, indicating that the token still has room to rise before entering overbought territory [1].
Analysts suggest that if ADA maintains support above $0.7678, the next leg up could be imminent [1]. A successful break above $0.85 could accelerate momentum toward $0.90, with further upside potential toward $1.00 if institutional adoption and macroeconomic conditions align [2]. Some forecasts from price watchers indicate that ADA could reach as high as $1.30 or even $1.85, particularly if an ETF approval materializes and adoption rates continue to rise [2]. However, it is important to note that these are analyst predictions and not current market data [2].
On-chain activity has also shown ADA forming bullish Fibonacci patterns, with key resistance levels at $0.8475 and $0.90 considered pivotal for the next phase of its price action [3]. A break above these levels could potentially trigger a surge toward $3.00 [3]. Despite this optimism, ADA has seen some retracement to $0.80 as traders shift attention to smaller-cap altcoins with stronger growth narratives [4]. The Plomin hard fork, launched in late July, has improved network efficiency by lowering transaction fees and increasing throughput, helping to reignite interest in the Cardano ecosystem [5]. Upcoming Hydra scaling tests in Q3 could further enhance the platform’s scalability and governance structure [5].
ADA’s consolidation between $0.58 and $0.80 is considered a crucial setup for an upward move [6]. Analysts emphasize that the token’s ability to hold key support levels, particularly around $0.70 and $0.78, will be essential in determining whether the bullish trend resumes [7]. A move above $0.90 could signal a return to dollar territory and trigger broader market optimism [7]. Some price forecasts suggest that ADA could surge to $1.30, $1.60, or even a new all-time high of $4, depending on breakout levels and overall market sentiment [8].
Despite the favorable technical indicators, risks remain on the path to $1. Market focus has increasingly shifted toward high-growth altcoins offering live use cases and infrastructure, such as Remittix (RTX) [9]. While this diversification may delay ADA’s breakout, the token is still in a relatively strong position if macroeconomic conditions and institutional adoption continue to favor the broader crypto market [9].
Source: [1] Brave New Coin, [https://bravenewcoin.com/insights/cardano-price-prediction-ada-falling-wedge-breakout-sets-path-towards-1-35-and-beyond](https://bravenewcoin.com/insights/cardano-price-prediction-ada-falling-wedge-breakout-sets-path-towards-1-35-and-beyond) [2] Crypto Economy, [https://crypto-economy.com/cardano-set-to-break-back-above-1-remittix-40-token-bonus-causes-buying-frenzy/](https://crypto-economy.com/cardano-set-to-break-back-above-1-remittix-40-token-bonus-causes-buying-frenzy/) [3] AInvest, [https://www.ainvest.com/news/cardano-ada-xlm-lilpepe-strong-long-term-growth-potential-2026-2508/](https://www.ainvest.com/news/cardano-ada-xlm-lilpepe-strong-long-term-growth-potential-2026-2508/)
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