Cardano is gaining significant traction, following two major developments. The first being ADA’s addition to Grayscale’s Digital Large Cap Fund. Secondly, its partnership with Brave for wallet integration opens doors to over 86 million users. Consequently, investors are now closely watching ADA price movements, as it continues to enjoy a 22.56% weekly surge. Pondering questions like: “Can ADA price hit $1?” This short-term price analysis will solve all your queries!
Cardano (ADA) Price Analysis: Is the $1 Breakout Next?
ADA price at the time of press is at $0.7979, down 3.40% since yesterday, but still holding a strong 22.56% gain over the past week. The market cap hovers around $28.23 billion, mirroring a 3.39% daily dip, while the 24-hour trading volume has surged 48.51% to $1.8 billion.
On the 4-hour chart, ADA has broken out of a triangle pattern, meaning a bullish continuation is on the horizon. Talking about targets, the immediate resistance lies at $0.864, with the next major target sitting at $0.92. We could see some pullback before ADA makes it to $1. In the meantime, the support stays firm at $0.67.
Wondering if ADA will hit $5? Read our Cardano (ADA) Price Prediction 2025, 2026-2030 Now!
FAQs
Cardano’s price today is changing hands at $0.7979, with a daily change of -3.40%.
Yes, despite a short-term pullback, the breakout from the triangle pattern and weekly gains indicate continued bullish sentiment.
If the bullish momentum sustains, ADA price could surge to $0.92, after crossing the resistance at $0.864.
