Cardano (ADA) is gaining momentum once again, outperforming most major cryptocurrencies with a 30% weekly surge, raising speculation on whether ADA can break above the critical $1 resistance level in the near term.
ADA Price Surges After Weeks of Consolidation
After spending several weeks trading sideways and facing community doubts, Cardano’s native token has rallied nearly 3% in the past 24 hours, reaching a local high of $0.78, its highest price in over two months.
The token briefly broke above the key resistance at $0.74, a level that has repeatedly capped ADA’s upward movement throughout 2024 and 2025. However, a decisive close above this level remains elusive, as sellers quickly pushed the price back below.
The last sustainable trading above $0.74 was recorded in mid-May, followed by a sharp correction that drove ADA down to $0.50. Despite the volatility, Cardano has now bounced back to reclaim its position as a top performer among large-cap crypto assets.
Analyst Targets $1 If Resistance Breaks
A well-followed crypto analyst on social media believes that if ADA can close above $0.74, the next leg up could potentially send the price to $1 and beyond. The current price structure, rising volume, and improving sentiment suggest that a technical breakout is underway.
ADA has outperformed XRP (26%) and HYPE (22%) this week, highlighting renewed investor interest and bullish momentum within the Cardano ecosystem.
ADA Treasury Proposal Boosts Sentiment
Adding to the bullish outlook, Input Output Global (IOG), the team behind Cardano, recently proposed a $100 million treasury swap—trading ADA for Bitcoin and stablecoins to support its DeFi ecosystem. While some community members feared this would trigger a sell-off, the price surged shortly after the announcement, signaling confidence in Cardano’s long-term vision.
Charles Hoskinson, Cardano’s founder, responded to critics by pointing to ADA’s strong recovery, reinforcing the belief that the platform remains fundamentally sound and undervalued.
What’s Next for Cardano?
For ADA to break the $1 mark, a confirmed breakout and close above $0.74 is essential. If successful, bullish continuation could drive the price toward $0.90 and eventually test the $1 barrier.
Until then, traders should monitor volume, resistance re-tests, and broader market conditions. ADA’s momentum is strong, but key resistance levels remain the primary challenge.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.