ADA surges 4.88% as bulls target $1.20 on strong volume and technicals

Cardano’s native token ADA has shown notable upward momentum in recent weeks, with analysts and market participants increasingly optimistic about its potential to reach $1.20. A 4.88% increase in ADA’s price over the past 24 hours, coupled with a 74% surge in daily trading volume, has drawn attention to the altcoin's strengthening fundamentals and technical indicators. This surge has occurred against a backdrop of Bitcoin’s stalled movement above $117.5K, raising the question of whether Cardano can continue its rally independently [1].

Technical analysis reveals several bullish signals. A Fibonacci retracement from late June and July levels at $0.51 and $0.937 indicates the 61.8% retracement level at $0.673 was recently retested as support. Additionally, the June high of $0.73—previously a resistance level—has now become a support zone, reinforced by confluence from moving averages on the daily chart. The Chaikin Money Flow (CMF) at +0.06 highlights strong buying pressure, while the Moving Average Convergence Divergence (MACD) remains above the zero line, suggesting potential for a bullish crossover [1].

Further support for the bullish outlook comes from the 2-hour timeframe chart, where ADA is currently trading near $0.78. This level served as resistance during the July retracement but has since transformed into support. On-chain metrics, including the Money Flow Index (MFI) and CMF, align with this bullish narrative. Maintaining a price above $0.755 is seen as critical for preserving the short-term bullish bias [1].

Analysts like Javon Marks from AInvest have highlighted a target range of $1.20 and even $2.90, based on key resistance levels and bullish chart patterns. These projections suggest Cardano is in a phase of structural strength. Meanwhile, CoinCentral forecasts ADA could reach between $1.00 and $1.20 by 2025, provided the network continues its scaling efforts effectively [2].

On-chain activity also reflects positive developments, with ADA benefiting from both utility-driven growth and speculative interest. The Cardano network has seen increased smart contract adoption and over 1.3 million staking wallets, contributing to its growing ecosystem. CoinGecko reported a conversion rate of $0.8048 per ADA on July 30, 2025, indicating steady appreciation in recent weeks [5].

Fibonacci extension levels at $1.03 and $1.20 are the next key targets, aligning with strong horizontal levels from November to December 2024. If ADA can clear the $0.90 to $1.10 resistance zone, Fibonacci projections suggest a potential gain of approximately 44%, bringing the price closer to $1.20 [6].

Recent consolidation between $0.70 and $0.90 has been interpreted as a sign of healthy market balance. Growing social media engagement and technical alignment further suggest ADA is entering a period of sustained upward movement. Bitget reported a 1.26% increase in ADA’s price over the past 24 hours, with a 24-hour trading volume of $1.37 billion, indicating strong liquidity and market participation [8].

While some forecasts, such as those from Binance, suggest ADA could rise to $2.00–$3.00 by late 2025, it is important to distinguish these predictions from actual performance. The market remains dynamic, and while the technical setup is favorable, external factors such as macroeconomic conditions and regulatory changes could influence outcomes [9].

Source: [1] https://ambcrypto.com/cardano-why-adas-rally-to-1-20-may-be-just-beginning/

[2] https://coincentral.com/cardano-price-prediction-can-ada-skyrocket-after-71m-funding-approval-for-network-upgrades/

[3] https://www.ainvest.com/news/ada-breaks-key-resistance-bullish-pattern-3-54-daily-gains-2508/

[4] https://coindcx.com/blog/price-predictions/cardano-price-weekly/

[5] https://www.coingecko.com/en/coins/cardano/usd

[6] https://crypto-economy.com/xrp-flashes-bullish-signal-cardano-pushes-higher-cold-wallet-dominates-early-stage-picks-with-37x-roi-and-coinmarketcap-listing/

[7] https://www.btcc.com/en-IN/square/ADA%20News/759410

[8] https://www.bitget.com/price/cardano

[9] https://www.binance.com/en/square/post/28036008688577