July 18, 2025
The price of Cardano's native token ADA has seen a significant increase, signaling the potential end of its long-term downtrend.
Between June 22nd and July 18th, ADA's price surged approximately 75%, rising from $0.50 in June to a 20-week high of $0.89 on Friday.
A major factor driving this rally is a Bollinger Bands signal where ADA's price touched the upper band. Historically, this has indicated significant price increases.
In 2021, 2022, and 2024, this same Bollinger Bands signal preceded ADA price surges of 1500%, 117%, and 300% respectively. Therefore, the current situation suggests the potential for significant further upside.
Although ADA's current price is nearly four times lower than its 2021 all-time high of $3.10, several technical indicators confirm that the current rally could continue.
On the weekly chart, ADA has broken out above a bull flag pattern, turning key resistance levels into support.
According to this bull flag, the price target is $2.70, representing a 216% increase from the current price.
Furthermore, the 50-day Simple Moving Average (SMA) has crossed above the 200-day SMA, forming a Golden Cross – a strong signal of sustained upward momentum.
The MACD indicator has also delivered a bullish cross, while the weekly RSI shows room for further price appreciation.
Although the daily RSI is at 80, historical data suggests ADA's price could potentially increase another 130% to reach $1.80. However, thorough research is essential before making investment decisions, as all investments carry inherent risks....