Cardano Just Dropped Massive Financial News — Is ADA About to Explode Past $1?

Updated

July 17, 2025

Gambar Cardano Just Dropped Massive Financial News — Is ADA About to Explode Past $1?

Jakarta, Pintu News – As reported by CCN, Cardano rebounded on June 22 and has risen nearly 50% since then.

Despite the strong movement, Cardano still lags behind most of the crypto market and is currently moving at the same pace as Bitcoin .

So, will ADA finally start to catch up, or will it remain one of the underperforming assets this cycle? Let’s take a look at the chart.

Cardano Financial Insights Report

Last week, the Cardano Foundation released its Financial Insights report for the previous year.

Some of the key highlights include:

More than $22 million was allocated for adoption, education, and resilience.
Almost $660 million in assets.
More than $17 million ADA was earned through staking.

Most of the foundation’s budget is allocated to adoptions, while education and resilience programs receive about 10% each.

ADA makes up the bulk of the Foundation‘s holdings, with Bitcoin and cash each accounting for around 23%.

Financially, Cardano appears to be in a strong position, and with ADA prices continuing to rise, the network could be close to a technical breakout.

Bullish ADA Reclamation

Analysis in the weekly time frame shows that ADA has reclaimed several key levels in the past three weeks. First, the price bounced off the support trend line of the descending parallel channel that has been forming since the peak of the previous cycle.

Then, ADA bounced and reclaimed the horizontal support area at $0.60, while moving above the center line of the channel. These are all positive signals indicating a potential bullish trend reversal.

The main obstacle remaining is the resistance trend line of the channel at the $0.95 level. If the Cardano price manages to break through it, the path to new highs will be wide open.

Cardano’s current bullish price prediction is only poorly supported by more positive technical indicator readings.

This week, the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are at 50 and 0 respectively. These indicators show bullish tendencies, but have yet to confirm a full trend reversal.

Cardano Price Prediction: Can ADA Touch $1?

Daily analysis of Cardano also shows that ADA is likely to continue its rally and eventually break the $1 mark.

ADA has been forming a double bottom pattern since April, a pattern that usually signals a trend reversal to a bullish direction. Its wave count supports the pattern, showing two completed corrective structures and the start of a five-wave upward movement.

If this calculation is accurate, then ADA is currently in the third wave of the move – this explains the parabolic price spike.

Cardano’s price target is at $1.08 for the peak of this rally, which means that the current rise is 1.61 times the length of the previous rise. Since that target is close to the long-term channel resistance line, the price reaction upon touching that level will be key to determining the next trend direction.

Overall, although Cardano’s price lagged behind the crypto market in July, it is likely that ADA will soon catch up.

Currently, ADA is in the most bullish phase of a five-wave bull run, including a reversal after forming a double bottom pattern.

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