Cardano ADA Surges 20% as Analysts Flag Bullish Setup and $1.60 Target

Cardano’s native token ADA has shown significant momentum in recent weeks, with a nearly 20% increase over the last seven days. Analysts have noted a bullish setup, with ADA trading within an ascending parallel channel. According to technical indicators, as long as buying pressure remains strong, the price could break above the $0.77 resistance level and move toward a longer-term target of $1.60 [1]. Key technical signals supporting this outlook include a Supertrend indicator in a bullish position, a MACD crossover favoring buyers, and a recent spike in open interest that reflects growing speculative interest. However, traders remain cautious, as rising open interest can also lead to sharp corrections if market sentiment shifts [2].

While ADA is on track for a potential 150% rally, attention is increasingly shifting to Remittix (RTX), a cross-border payment-focused project that is being tipped for a 1,500% surge in the same timeframe. According to analyst forecasts, RTX’s real-world utility in crypto-to-fiat conversions and global cross-border transactions sets it apart from many other altcoins [3]. The token is currently priced at $0.0969, with over $20.4 million raised in funding and more than 610 million tokens sold—indicating a high level of community confidence and project traction [4].

What sets Remittix apart is its imminent launch of a wallet beta in Q3 2025, designed to streamline user access and adoption. Additionally, the expansion of its global payout rails suggests a growing acceptance in practical applications, which is often a strong indicator of long-term value. Unlike ADA, which is largely viewed as a speculative play, Remittix is increasingly being seen as a utility-driven project with tangible use cases and infrastructure [5]. Analysts highlight that RTX’s tokenomics and adoption rate position it as a compelling alternative, especially for investors seeking both utility and growth potential.

As the crypto market continues to evolve, the spotlight on ADA remains, but the emergence of projects like Remittix is reshaping the narrative. Where Cardano’s price action is being driven by technical momentum, Remittix is gaining attention for delivering measurable utility. This distinction is critical for investors assessing where to allocate capital in a rapidly changing market [6].

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[1] Cardano News: ADA Coin Set for 150% Rally, But Remittix Tipped for 1,500% Blowout in Same Time (https://coinmarketcap.com/community/articles/68a64d6e42087375b67eb8af/)