Cardano (ADA) Momentum Builds: Rally Has More Room to Run

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	21,225,651,195	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

21,225,651,195

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00533	-2.13%	0.245106	0.244153	0.244201

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.00533

-2.13%

0.245106

0.244153

0.244201

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.251213	0.242918	0.250436	0.250436	0.077142 - 0.449994

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.251213

0.242918

0.250436

0.077142 - 0.449994

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	10:11:41	75.43	0.245106	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

10:11:41

75.43

0.245106

USD

Price x Volume	Volume	Base Symbol	Related Pairs
128,231.32	516,303.02	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

128,231.32

516,303.02

Cardano (ADA) Momentum Builds: Rally Has More Room to Run

07/01/2025 5:08am

NEWSBTC

Cardano price started a fresh surge above the $1.00 zone. ADA is consolidating and might aim for a fresh increase above the $1.1150 level. ADA price started a downside correction from the $1.1150 zone. The price is trading above $1.00 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $1.075 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.1150 resistance zone. Cardano Price Starts Fresh Surge After forming a base above the $0.80 level, Cardano started a fresh increase, beating Bitcoin and Ethereum. ADA surged above the $0.90 and $1.00 levels. The bulls even pushed the price above $1.120. A high was formed at $1.1156 and the price is now consolidating gains. There was a minor decline below $1.1120, but the price remained above the 23.6% Fib retracement level of the upward move from the $0.8373 swing low to the $1.1156 high. Cardano price is now trading above $1.00 and the 100-hourly simple moving average. There is also a short-term rising channel forming with support at $1.075 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $1.10 zone. The first resistance is near $1.1120. The next key resistance might be $1.1150. If there is a close above the $1.1150 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.20 region. Any more gains might call for a move toward $1.250 in the near term. Downside Correction in ADA? If Cardano’s price fails to climb above the $1.1120 resistance level, it could start another decline. Immediate support on the downside is near the $1.080 level. The next major support is near the $1.050 level. A downside break below the $1.050 level could open the doors for a test of $0.975 or the 50% Fib retracement level of the upward move from the $0.8373 swing low to the $1.1156 high. The next major support is near the $0.950 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $1.0800 and $1.050. Major Resistance Levels – $1.1120 and $1.1150.

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