✨ Cardano $ADA technical surge – XLM achieves double-digit growth thanks to DeFi upgrade!
🧱 Rapid market reaction
ADA price surged nearly +7% in a day, surpassing Ethereum (ETH) (+5%), trading around $0.66–0.67 currently testing the resistance zone of $1.
Although this year ADA has been weaker $ETH after the ATH in 2021, the upward momentum is evident as the network becomes active again.
🛠️ Platform upgrade & increased on-chain activity
Developer activity in Cardano ranks 4th in the world, higher than Ethereum (#13), reflecting a commitment to building sustainably rather than following the trend.
The number of active addresses increased by 24.6%, while Ethereum decreased by 14% last week, indicating new capital is flowing into ADA AInvest.
📈 Technical analysis & forecast
ADA is strongly testing around the $0.66–0.70 range (~EMA/MA20–50). If it breaks through, it could aim for $0.70–0.72 (an additional ~10‑15%), according to forecasts by the end of July.
Staying above the $0.54–0.56 range is crucial; if it breaks below, the next support target is $0.50.
🎯 Quick summary:
Cardano is experiencing a strong technical recovery, supported by a surge in developer activity and on-chain activity – a sign of truly sustainable fundamentals.
The price range of $0.66–0.70 is the main challenge; if it continues to break through, the short-term target is $0.70–0.72, and further can aim towards $1.
Investors should pay attention to the breakout of the $0.70 range and maintain support at $0.54–0.56 to determine the next trend.
