Bitcoin News Today: ADA Breaks Key Resistance Amid Golden Cross and 85% Gains Since June

Cardano’s native token, ADA, has recently broken through key resistance levels, sparking renewed interest among traders and analysts who see parallels to previous explosive price surges. A golden cross has formed, with the 50-day moving average crossing above the 200-day line, a pattern historically associated with significant upward moves. Lark Davis, a prominent crypto analyst, highlighted this technical development and noted that similar setups in the past have led to over 200% gains in ADA’s price [1]. This has led to speculation that the current breakout could be the start of another strong rally, particularly if the asset sustains levels above $1.

Despite a brief retracement after touching $1, ADA continues to trade nearly 85% above its June lows. On-chain data reveals strong accumulation, while futures interest has also risen in recent weeks. The Relative Strength Index (RSI) currently sits at 71, indicating overbought conditions, which many analysts interpret as a likely period of consolidation ahead. Price is expected to stabilize near $0.90 or pull back to $0.84 before resuming its upward trajectory [2]. Traders are closely watching whether ADA can reclaim and maintain levels above $1, a psychological threshold that could trigger broader market interest.

Tap Tools, a blockchain analytics firm, has drawn comparisons between the current ADA price action and its performance during the last bull market, when it surged over 2,000%. The firm’s analysis suggests that traders are actively seeking similar setups in the current cycle, reinforcing the bullish narrative [3]. Meanwhile, on-chain activity shows increasing accumulation, with large holders adding over 120 million ADA tokens in wallets holding between one and ten million tokens. Open interest in futures markets has also seen a recent uptick, signaling heightened speculative activity [4].

Looking ahead, Cardano’s long-term growth is being fueled by key ecosystem developments. Project Hydra is expected to significantly improve network scalability, while Project Acropolis aims to enhance node performance and smart contract capabilities. These upgrades are likely to attract more developers and boost network efficiency, which are critical for ADA’s broader adoption [5]. Institutional interest is also growing, with discussions surrounding a potential Cardano-based exchange-traded fund (ETF) gaining traction. Analysts believe an ETF could be approved by 2025, provided ADA receives commodity classification, which would open new investment avenues and increase liquidity [6].

Global adoption efforts are also showing progress. Cardano’s Atala PRISM identity solution is being implemented in Ethiopia’s education sector, and the growing number of staking wallets and projects on the network suggests continued ecosystem expansion. These developments, combined with strong technical indicators, are fueling optimism among investors and long-term holders who see ADA as a potential high-growth asset in the current crypto cycle [7].

While the broader market remains in a consolidation phase, ADA’s technical strength and favorable on-chain metrics suggest that it could continue to trend upward. The absence of bearish signals and the presence of strong volume behind the breakout indicate a genuine shift in market sentiment. Traders are advised to monitor key support levels and remain cautious about short-term volatility, but the overall case for ADA remains bullish.

[1] Coinmarketcap. (2025, August). ADA Breakout Signals Potential Upside as Bulls Recall Past Explosive Gains. https://coinmarketcap.com/community/articles/68a0f5f48b77843f0636d3fe/

[2] Yellow.com. (2025, August 16). Research: Crypto Market Pulse – Cardano Breaks Out, OKB Soars 130%, BTC Holds $118K Support. https://yellow.com/research/crypto-market-pulse-cardano-breaks-out-okb-soars-130-btc-holds-dollar118k-support

[3] Blockchain News. (2025, August 15). ETH/BTC Breakout Claim by @rovercrc: Bold 100x Altcoin. https://blockchain.news/flashnews/eth-btc-breakout-claim-by-rovercrc-bold-100x-altcoin-assertion-and-what-traders-should-watch-now