Bitcoin News Today: Cardano’s ADA Rises 3.95% on $0.85 Breakout, Volume Spikes 63%, Targets $1.31 Surge

Cardano’s ADA has drawn renewed attention from analysts as a prominent market observer outlines a potential price surge to $1.31, contingent on a critical technical threshold being breached. On July 17, 2025, cryptocurrency analyst Ali_Chart shared a technical analysis suggesting that a daily closing price above $0.85 could trigger a significant upward trajectory for the altcoin [1]. At the time of reporting, ADA traded at $0.81, with a 24-hour trading volume and market cap rising by 63% and 4%, respectively. The analyst emphasized that surpassing $0.85 would validate bullish momentum and position ADA to test its all-time high of $1.31, a level it has never historically reached.

The forecast aligns with broader market dynamics as Bitcoin’s recent all-time high has spurred renewed interest in altcoins. ADA’s performance mirrors this trend, having gained 3.95% in the last 24 hours. The uptick in altcoin activity has reignited discussions about the potential arrival of an “altcoin season,” a period where smaller cryptocurrencies outperform Bitcoin. CoinMarketCap data indicated that 50 altcoins were outperforming Bitcoin at the time of the analysis, up from 30 the previous week, signaling a shift in market sentiment [1].

The $0.85 level is described as a pivotal inflection point. If bulls maintain ADA above this threshold, it could trigger further buying pressure from retail and institutional investors, potentially propelling the token toward $1.31. However, the analyst’s prediction remains conditional, hinging on sustained market behavior and external factors such as macroeconomic developments and regulatory clarity. The technical analysis relies on historical price patterns and resistance levels, with no cited fundamental changes in Cardano’s ecosystem as catalysts for the anticipated rally.

The interplay between Bitcoin and altcoins is a recurring theme in the analysis. Bitcoin’s upward trajectory has historically acted as a bellwether for the sector, creating a favorable environment for risk-on assets. ADA’s recent volume spike underscores growing investor interest, but sustained momentum will depend on breaking through key resistance levels. The analyst’s chart, shared on X, highlights ADA’s intraday high of $0.74 on July 17 before climbing above $0.80 the following day [1].

While the outlook is bullish, the analysis cautions that forecasts remain speculative and do not guarantee future price movements. Cryptocurrency markets are inherently volatile, with rapid reversals often driven by macroeconomic data or regulatory actions. A successful breakout to $1.31 could reinforce confidence in the altcoin segment, encouraging further capital inflows. However, investors are advised to monitor ADA’s performance closely, particularly its ability to hold above $0.85 in the coming days.

The broader implications of such a price move extend beyond ADA. A $1.31 breakthrough could serve as a barometer for the altcoin sector’s strength, signaling a potential shift in market dynamics. Yet, the analyst’s prediction must be contextualized within the sector’s historical volatility, where sharp corrections often follow sharp rallies.

Source: [1] [Analyst Says Cardano Could Smash $1.31 ADA Price if Bulls Make This Move] [https://zycrypto.com/analyst-says-cardano-could-smash-1-31-ada-price-if-bulls-make-this-move/]