- Cardano‘s ADA token price has climbed over 70% since late June, reaching a 20-week high.
- Bullish chart signals indicate ADA may continue rising, with targets above $2.70.
- Bollinger Bands suggest potential for more significant price movement if current volatility persists.
- Key technical indicators, including a “golden cross” and bullish MACD crossover, reinforce the uptrend.
- Despite recent growth, ADA is still far from its all-time high of $3.10 set in 2021.
ADA, the main token of the Cardano network, surged more than 70% in price from June 22 through July 18. This climb marks a strong reversal after several months of decline, with ADA hitting as high as $0.89 in the latest trading, its highest point in about five months.
Recent data shows ADA gained roughly 9% in the past 24 hours, reaching new heights for 2025. Analysts observe several bullish signals on price charts, with the Bollinger Bands volatility indicator pointing to a possible breakout. The technical pattern, where the ADA/USD weekly candlestick touched the top of the band, often signals the beginning of upward volatility according to historical trends.
In previous years, similar moves above the upper Bollinger Band led to large rallies, including a 1,500% increase in 2021, a 117% gain in 2022, and a 300% rally earlier in 2024. Chart data also shows the Bollinger Bands narrowing, which typically happens before large price swings.
Additional technical signals strengthen this outlook. ADA has moved above the upper limit of a “bull flag” formation—a pattern that often predicts continued upward momentum. The token has also switched important moving averages, such as the 50-day and 200-day simple moving averages (SMAs), from resistance to support zones. The key target for this breakout is $2.70, representing a potential 216% rise from current prices.
A “golden cross,” which occurs when the 50-day SMA moves above the 200-day SMA, has appeared on ADA’s chart, further suggesting a strong trend. The moving average convergence divergence (MACD) indicator has also shown a bullish crossover, and the relative strength index (RSI) indicates ADA’s rally could continue before becoming overbought.
Analyst “Deezy” noted that in previous rallies, ADA’s RSI at 80 was followed by an additional 130% price increase. They stated, “Last time the RSI (relative strength index) on Cardano’s daily candles hit 80, ADA would go on to pump ANOTHER 130%! 130% pump from here is $1.82 ADA Send it🚀” (see source on Twitter).
While ADA’s price remains nearly four times lower than its $3.10 record from 2021, current technical signals suggest momentum is building. However, the article reminds readers that crypto investments involve risk and recommends individual research before making decisions.
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