Bitcoin News Today: Cardano ($ADA) surges 26% this week, breaking $0.85 resistance

Cardano ($ADA) has finally shown signs of life after weeks of stagnation, breaking above a key resistance level at $0.85. This move has sparked optimism among traders and analysts, who are now eyeing potential targets for the cryptocurrency. The price of ADA has been on an impressive rally, increasing by 26% this week alone, and has now reached and tested the 90 cents resistance level. This bullish momentum has led to speculation about further price increases, with some traders suggesting that ADA could push toward $1.20 next.

The recent surge in ADA's price comes as the broader cryptocurrency market experiences a shift in momentum. Altcoins, in particular, are seeing a significant surge, marking a crucial pivot in market dynamics. While Bitcoin has been teetering below $120,000, leading altcoins like ADA are breaking key resistance levels, indicating a potential altcoin season. This shift in market sentiment has been accompanied by a flip in positive sentiment, with traders eyeing potential breakouts and increased activity.

The bullish sentiment surrounding ADA is further supported by the actions of Cardano's founder, Charles Hoskinson. Hoskinson has assured the community that an audit of the Cardano network will be publicized by mid-August, addressing concerns about the misuse of ADA. This transparency and commitment to accountability have bolstered investor confidence in the cryptocurrency.

Analysts have also weighed in on the potential future price of ADA. According to the analysis of crypto experts, the maximum and minimum ADA prices are expected to be $5.17 and $4.06, respectively, in 2029. This forecast suggests a significant potential for growth in the coming years, although it is important to note that these are predictions and not guaranteed outcomes.

The recent price movements and positive sentiment surrounding ADA have also been accompanied by increased whale activity. According to analyst Ali Martinez, more than 137 transactions exceeding $1 million each have been recorded in just a week, indicating that large investors are taking notice of ADA's potential. This increased activity and bullish sentiment have contributed to the overall optimism surrounding the cryptocurrency.

Looking at the 4-hour chart, ADA has clearly broken out above the $0.848–$0.85 range, a critical resistance zone that held price back for days. The moving average cross (9/21) is fully bullish, supporting the upward momentum. The Relative Strength Index (RSI) is now above 72, suggesting overbought conditions — but in breakout mode, this often signals strength, not weakness. If momentum continues, next resistance sits around $0.90–$0.95, followed by a possible extension to $1.00. Short-term support lies at $0.85 and $0.836. A drop back into this zone could be a healthy retest — and potentially a good entry point.

In summary, Cardano ($ADA) has shown signs of renewed vigor, breaking above key resistance levels and sparking optimism among traders and analysts. The recent surge in ADA's price comes as the broader cryptocurrency market experiences a shift in momentum, with altcoins seeing a significant surge. The bullish sentiment surrounding ADA is further supported by the actions of Cardano's founder and increased whale activity, indicating a potential for further price increases in the coming years. The technical analysis suggests that ADA is in breakout mode, and the lag behind Bitcoin may be working in traders’ favor now. If you're looking to jump in, aggressive traders might ride the current momentum with a tight stop just below $0.85, while more cautious buyers could wait for a dip back toward the $0.84–$0.85 zone for a better risk-reward entry. The structure is clean, the breakout is confirmed, and the timing aligns with the classic post-BTC-ATH altcoin rotation. ADA might finally be ready for its run.