The price of Cardano (ADA) is attracting strong interest again after breaking through an important resistance level.
Importantly, many leading analysts in the cryptocurrency field have made optimistic forecasts that ADA could reach $1.20 in the long term.
The wave of expectations is further fueled after the Bitrue exchange announced the addition of a new trading pair with ADA on July 13—a move seen by investors as a signal for the expansion and influence of this coin in the market.
Cardano's price breaks resistance, analysts aim for higher levels.
Cardano (ADA) once again became the market's focal point on July 14, when the price of this coin dramatically broke through the resistance around $0.74—the barrier that had hindered its rise for several weeks.
The strong uptrend has sparked expectations for a more pronounced bullish trend, with many experts asserting that the price of $1.20 is entirely achievable in the near future.
Famous analyst Ali Martinez stated on social media X that ADA is breaking through an important resistance level. The chart he shared indicates that the current upward trend could pave the way towards a price range of $0.90 to $1.20.
Notably, Ali's comments came right after an update from the expert CryptoJelleNL, who also shared a chart showing that ADA has escaped the accumulation zone and begun establishing higher lows—a positive signal for the upcoming trend.
Recent positive information has quickly reignited the attention of the cryptocurrency community towards Cardano (ADA). For most of June, ADA traded within a relatively narrow range of $0.38 to $0.45. However, after a series of supportive news, the price surged strongly, reaching $0.47 at one point during the day—one of the most active trading sessions for ADA in recent weeks, driven by a significant increase in trading volume.
Cardano has long been known as a blockchain project focused on sustainability and long-term development, with a meticulous and cautious roadmap. Although asset prices often fluctuate cyclically, breakthroughs like this one tend to act as catalysts that trigger speculative waves, especially when confirmed by technical signals.
Notably, ADA's current uptrend is occurring against the backdrop of the altcoin market trying to recover after a rather sluggish start in Q3. Additionally, improvements in network activity and the progress of the Cardano ecosystem continue to play a crucial role in reinforcing the confidence of long-term investors.
Bitrue adds the ADA/USD1 trading pair, expanding options for investors.
In a noteworthy development, the cryptocurrency exchange Bitrue recently announced it will list the ADA/USD1 trading pair on July 13. USD1 is a stablecoin linked to World Liberty Financial and is associated with the Trump family—an element that has drawn interest from the investment community.
The addition of the ADA/USD1 trading pair allows investors to trade Cardano directly with a stablecoin pegged to the USD, providing more flexibility in buying, selling, and hedging strategies. This trading pair is now officially available for spot trading on the Bitrue platform.
This move shows that Bitrue is actively adapting to market trends, where more and more investors are seeking stable assets to mitigate strong price fluctuations. Listing stablecoin pairs like USD1 not only simplifies the trading process but could also enhance liquidity and broaden the user base.
Allowing ADA to be traded with USD1 is also seen as a useful alternative to traditional pairs like ADA/BTC or ADA/ETH—which often face risks due to the volatility of these two coins.
Although it may not have an immediate impact on ADA's price, the addition of the USD1 stablecoin could play a crucial role in improving liquidity and attracting new capital in the long term. As trading conditions become easier, trading volumes tend to increase—this is a factor that could support sustainable growth for the Cardano ecosystem in the future.
The Cardano ecosystem continues to expand as developers focus on scalability.
A notable point is that, alongside price movements and actions from exchanges, the Cardano ecosystem continues to demonstrate strong vitality and ongoing development.
The Cardano development team continuously implements new features to enhance network scalability—most notably the Hydra upgrade—while also promoting the development of decentralized applications (dApps).
Even during periods of market stagnation, many projects built on the Cardano platform continue to operate persistently, helping to solidify a strong foundation for the entire ecosystem.
While short-term price fluctuations always attract attention, it is the quiet efforts in developing new infrastructure that are the core factors shaping investor confidence and expectations.
As of mid-July, Cardano continues to maintain its position as the center of the market, thanks to a combination of positive technical signals, optimistic assessments from analysts, and increasingly clear support from exchanges.