Cardano potentially reaching $1.19?
Cardano (ADA) Bullish Run Continues: Breaking Resistance at $0.80
In a significant development, PayPal has officially launched its crypto payment service, and one of the cryptocurrencies that could potentially benefit from this is Cardano (ADA). If you're interested in buying ADA, here's a step-by-step guide on how to do so on Bitget: sign up on the platform, deposit funds, access the Cardano market, and place a buy order.
As of late July 2025, Cardano is exhibiting bullish technical indicators. The price has climbed from a support zone near $0.728 to challenge critical resistance at $0.75 and $0.80. While it briefly consolidated below $0.80, it showed signs of breaking above key resistance levels $0.7450, $0.7650, and $0.7710 on the hourly chart, suggesting a continuation of bullish momentum.
Key technical signals include the price action, moving averages, and momentum indicators. The MACD is gaining momentum in the bullish zone, and the RSI is above 50, both signaling positive buying pressure and potential for further price advances. On the moving average front, the 50-day MA is rising below the price on the weekly timeframe, which may function as support, despite a declining 200-day MA.
The short-term resistance levels around $0.75 to $0.80 are strong, but a break above this level would signal a new upward trend with near-term targets extending to approximately $0.88–$0.92. However, if ADA fails to break above $0.80, a retreat toward support at $0.77, $0.75, $0.728, or further down near $0.70 is likely.
Charles Ledoux, a Bitcoin specialist and blockchain technology expert, has been monitoring the Cardano market closely. He believes that if ADA manages to hold the control point as support, it will pave the way for a continuation of the rally towards the value consolidation level of $1.19. The recovery comes with impulsive momentum and strong volume inflow, and a decisive bullish test has appeared after several failed attempts.
For the rally to materialize, the control point must be maintained on a weekly closing basis to confirm sustained momentum. Buying ADA on Bitget offers the potential for a 100% upside if bulls emerge in the coming weeks.
Investors looking for alternatives might consider Investing in Avalanche (AVAX) at the current time. However, it's important to remember that any investment in the cryptocurrency market carries risks, and it's always advisable to do thorough research before making investment decisions.
In conclusion, Cardano is in a bullish technical setup with upward pressure confirmed by momentum indicators but faces key resistances at $0.80 and above that will determine if a significant rally toward $0.90+ is feasible in the medium term. Charles Ledoux, a renowned expert in the field, is now sharing his insights and passion for crypto through his articles on various platforms.
[1] [Source 1] [2] [Source 2] [3] [Source 3] [4] [Source 4]
At the Cardano Academy, students can deep dive into the latest advancements in technology that drive the cryptocurrency market, including the impact of PayPal's crypto payment service. As Cardano's price breakthrough continues, technology enthusiasts might find it intriguing to explore emerging tech trends that could potentially influence this rally, such as the use of artificial intelligence and blockchain in financial transactions.
