Cardano Drops 9.559% Amid Apple Pay Integration and Bullish Technicals

Generated by AI AgentCrypto Frenzy
Wednesday, Jul 23, 2025 8:20 pm ET4min read
Aime RobotAime Summary

- Cardano (ADA) fell 9.559% to $0.8140 but gains momentum via Apple Pay integration, expanding access to 550M users and boosting real-world adoption.

- Technical analysis shows bullish patterns with ADA consolidating below key resistance, forming higher highs/lows and strong on-chain accumulation.

- Internal governance tensions escalate as "Whale" criticizes founder Charles Hoskinson, rejecting IOG proposals amid a $500M ADA audit controversy.

- Analysts highlight ADA's potential to break $1.0159-$1.20 if support holds, with historical channel patterns suggesting possible $2.40 targets if bullish momentum continues.

Cardano's latest price was $0.8140, down 9.559% in the last 24 hours. The cryptocurrency has been making significant strides in the digital payments space with the integration of

payments via Pay. This integration is set to expand access to over 550 million users worldwide, driving real-world adoption and investor confidence. The move positions Cardano as a serious player in the digital payments space, with retail and institutional interest rising as adoption grows.

Cardano has been consolidating just below a key resistance level, forming higher highs and higher lows as bulls prepare to target the next significant milestone. This technical strength is supported by a steady direction in the higher highs and higher lows, indicating bull strength with momentum. The structure supports this upward move, with daily consolidation below resistance suggesting strength and patience among buyers. Accumulation appears to be ongoing as volume remains elevated, and market sentiment continues to lean bullish. Momentum indicators are positive, confirming that ADA’s advance is driven by renewed investor confidence.

Despite the internal tensions, Cardano’s native token

is showing notable strength in the cryptocurrency market. Analysts have identified bullish patterns as Cardano targets key resistance zones. Historical trends suggest that ADA may surge following strong channel rebounds. The token is currently trading near the $0.89 level, positioning itself just below key resistance. Analyst Dan Gambardello noted that ADA is forming a bullish breakout structure by reclaiming major moving averages and surpassing long-established trendlines that served as resistance. This recent chart action is in line with previous accumulation processes that were followed by keen price rallies. Historical data demonstrates that ADA often consolidates before its impulsive rallies. The $0.62 level has become crucial as it helps sustain the bullish formation. The resistance is still clustered at the levels range of 1.15 to 1.30, and ADA needs to cross this value to validate a prolonged rally. On-chain analyst CryptoJobs3 emphasized the importance of the $0.77 to $0.82 support range for ADA’s continued momentum. A strong weekly close above this level could signal further movement toward $1.0159 and $1.20. Volume indicators show that long-term investor confidence is being accumulated in the range between $0.30 and $0.40. Meanwhile, Bitcoinsensus noted ADA’s behavior within an ascending channel that has persisted since early 2023. Whenever ADA approached the lower channel line, it bounced a lot, recording increases of 200 to 300 percent. The same tendency is being evidenced on the token, and if the pattern holds, it is more likely to trigger a possible increase to about 2.40. The channel shows a repeating trend that could still define the market directions of ADA. In addition, the psychological resistance at almost two dollars can also serve as a notable challenge if the token reaches this price mark. Any temporary pullback could be a review of breakout levels, not a reversal. ADA is at a pivotal stage with multiple bullish signals aligning across technical and volume-based indicators. If key support levels hold and the breakout pattern confirms, Cardano could be heading for a significant price expansion.

Cardano has also broken out of a multi-month pattern, moving out of a long-running pennant formation after months of trading between declining trendlines. The pattern, which began in late 2024, concluded with a clear breakout confirmed on the 2-day chart. After breaking out, ADA retested the $0.85 level, which is now acting as short-term support. Analyst Jonathan Carter shared that ADA may now be aiming for several upside levels: $1.03, $1.17, $1.33, and $1.60. These zones align with past price action and high-volume areas on the chart. The Relative Strength Index (RSI) is moving upwards but is still not in the extreme territory. It is now slightly below 70, which means further upside price movement before reaching common overbought levels. Additional technical structure comes from a broader ascending channel that has been forming since early 2023. According to Bitcoinsensus, ADA has seen major price increases from this setup before. The last two bounces from the lower channel line resulted in 200% and 300% moves. If the current trend holds, ADA may be on a path toward $2.40, following the same structure. Dan Gambardello also noted that ADA appears ready to move through its long-term resistance area and reach higher price zones in the current market cycle. Data from CoinGlass shows open interest in ADA futures contracts has reached $1.7 billion, setting a new record. The rise in market activity signals stronger engagement from both retail and institutional traders. Recent changes in United States legislation have eased the situation regarding its policy towards crypto. The Genius and Clarity Acts passed are regarded as a step towards clearer regulations, which can contribute to bigger players entering the ADA and other cryptos.

The Cardano ecosystem witnessed the official mainnet launch of Atrium on July 22, 2025. This SocialFi protocol represents a significant expansion of the network's decentralized application landscape, concluding over two years dedicated to its development and deployment.

Recent weeks have seen heightened discussion surrounding Cardano's governance structure and the broader direction of the project. Observers note emerging tensions within parts of the community, culminating in public debate involving founder Charles Hoskinson and criticisms regarding the network's trajectory. This governance focus coincides with anticipation surrounding planned network upgrades.

Analysis of blockchain data indicates unusual activity among large ADA holders, often referred to as 'whales'. Cryptocurrency experts observing these significant wallet movements suggest they potentially signal strategic positioning by major stakeholders, though the precise motivations remain subject to ongoing market interpretation. This activity has generated considerable discussion within analyst circles focused on Cardano.

Tensions have been rising within the Cardano community as a major delegated representative, known as “Whale,” has launched a critique of founder Charles Hoskinson and Input Output Global. Whale, who controls around 6 million ADA worth of delegated voting power, has accused them of wasting millions in ADA on underdelivered promises and declared a blanket rejection of all future proposals from IOG. This has sparked a governance revolt just as a vote on the 2025 Cardano Summit proposal went live. Hoskinson has denied the claims and hinted at legal action, prompting debate within the community. Some users worry that Hoskinson’s legal warnings may damage the project’s image, drawing comparisons to Craig Wright’s aggressive legal strategy with BSV. The community appears split, with some siding with Whale and others supporting Hoskinson. The drama comes just days after Hoskinson announced he had received the first draft of a long-awaited audit report, launched after accusations of a $500 million discrepancy in ADA holdings. Whether Whale is a rogue voice with influence or the tip of a growing rebellion remains to be seen, but Cardano governance is facing one of its most public and polarizing stress tests to date.

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