ADA Is Breaking Out: Will Cardano Surge Past $1 Next?

ADA Is Breaking Out: Will Cardano Surge Past $1 Next?

TL;DRCardano $ADA is breaking through a key resistance level, opening the door for a rally to $0.90–$1.20! pic.twitter.com/4dj8jQfJFN— Ali (@ali_charts) July 13, 2025This important resistance that could hinder ADA’s progress is situated somewhere around $0.74, a level the asset is very familiar with, as it managed to contain its price ascent earlier this year.ADA managed to breach it briefly during theFriday price surgethat drove it to a two-and-a-half-month high of almost $0.78, but the bears quickly regrouped and didn’t allow a decisive closure above it.In fact, the last time Cardano’s token traded sustainably above $0.74 was in mid-May. Since then, the asset underwent a substantial correction that drove it down to $0.5 at one point.Nevertheless, ADA is still the top performer on a weekly scale from the 12 largest cryptocurrencies by market cap, having gained almost 30%. Thus, it has increased more thanXRP(26%) and HYPE (22%).This impressive price surge comes just a few weeks after IOGproposedthat the treasury would trade $100 million worth of ADA for BTC and stablecoins to enhance the blockchain’s DeFi ecosystem. The move met immediate resistance from some members, who claimed that it could lead to a more painful sell-off and price declines.Charles Hoskinson was quick to mock the naysayers after ADA surged past $0.7 and became a top performer.Remember when we were told that a 100 million dollar trade of ada would collapse the price? https://t.co/kYm5CKw97O pic.twitter.com/tPZiROv37i— Charles Hoskinson (@IOHK_Charles) July 11, 2025

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