Cardano’s Quiet Ascent: A Tale of Patience and Bullish Bets

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The price of Cardano (ADA) $0.75, with a 24h volatility of 3.2%, a market cap of $27.10 B, and a 24h volume of $1.32 B, is now approaching the $0.78 resistance level, and indications from daily charts and trader activity suggest it may soon break past this point. 📈

After weeks of sideways movement, the cryptocurrency is beginning to attract attention once more. It’s as if the market has been holding its breath, waiting for the inevitable sigh of relief or the sharp intake of air that signals a new direction. 🤔

Cardano Price Pushes Higher as Chart Builds Up

Cardano has been trading in a narrow range recently. However, on-chain data shows that the movement is now shifting upward. The price has remained above $0.73 since the weekend and is slowly rising toward the $0.78 level, which has previously blocked upward moves. 🚀

It has made several attempts to cross that level but pulled back each time. Notably, each pullback has been smaller, creating higher lows on the chart. Cardano recently experienced a notable increase, with the price jumping by 7%. It’s like a hesitant dancer, taking small steps forward, then retreating, but each time with a bit more confidence. 💃

The recent climb started after the price broke out of a long downward channel around $0.63. That same area is now acting as support. Volume has also increased slightly during price increases, which often indicates that buyers are active. 📊

Analysts watching the chart have also identified a double bottom pattern, with the neckline positioned just below $0.80. It is a common sign of a shift in direction, but it only becomes valid if the price moves above that line. It’s like waiting for the final note in a symphony; the anticipation is almost unbearable. 🎵

Cardano is also trading above key moving averages. That usually means the trend is holding up, even if there are minor pullbacks. The $0.73 level, which matches the high from June 11, has been tested and held so far. It’s a testament to the resilience of the market, like a stubborn old tree that refuses to be uprooted by the strongest of storms. 🌳

Traders Turn Positive Ahead of Key Test

Trader data from Binance shows more people are betting on a price increase. In the last two days, long positions have gone up, especially among bigger traders. At the same time, short ADA positions are dropping, which adds to the growing confidence in a possible breakout. 📈

Technical indicators also reflect this shift. The Relative Strength Index (RSI) is currently above 70, showing strong momentum. The MACD is still in a positive crossover and continues to rise. It’s as if the market is finally waking up from a long slumber, stretching its limbs and preparing for a sprint. 🏃‍♂️

Cardano Price Chart | Source: TradingView

If Cardano price stays above $0.73 and breaks past $0.78, the next stop could be $0.8 and then $0.84. A clean move past that may open the door toward the $1.00 mark. However, if the $0.73 support level fails, a pullback toward $0.68 remains possible. For now, both the chart and trader actions remain in favor of a breakout higher. 🚀

In other news, the Cardano Foundation has officially launched Reeve. This is an open-source middleware platform designed to connect traditional ERP systems with blockchain technology. It’s like a bridge between two worlds, one old and one new, each with its own set of rules and customs. 🌉

Best Wallet Presale Explodes as Investors Rush In for Early Rewards

Beyond Cardano, Best Wallet is shaking up the $11 billion non-custodial wallet space, offering real value to users who want more from their crypto. It’s like a new player entering a well-established game, bringing fresh ideas and a bit of chaos. 🎲

The $BEST token powers a multi-chain wallet that supports Ethereum (ETH) $3 141, with a 24h volatility of 5.1%, a market cap of $379.35 B, and a 24h volume of $44.35 B; Bitcoin (BTC) $118 131, with a 24h volatility of 1.1%, a market cap of $2.35 T, and a 24h volume of $79.77 B; BNB Chain (BNB) $693.1, with a 24h volatility of 0.9%, a market cap of $101.15 B, and a 24h volume of $1.52 B; and Polygon (MATIC) $0.23, with a 24h volatility of 3.7%, a market cap of $339.79 M, and a 24h volume of $2.03 M, along with 60+ other chains. Holders unlock fast cross-chain swaps, ultra-low fees, boosted staking rewards, early project access, and governance power. This is your chance to get in early. 🚀

Current Presale Stats

Current Price: $0.025335

Funds Raised: $13M

Ticker: $BEST

Staking Rewards: 98% p/a

You can grab $BEST directly in the app or through the ongoing presale, positioning early in case it becomes one of the new coins coming to Coinbase. BEST holders can stake for rewards and unlock premium wallet features. It’s like planting a seed in the hope that it will grow into a mighty tree. 🌱

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2025-07-16 20:24