Current technical analysis
The current price of ADA is around 0.999 USD, with a slight positive movement from the previous session.
According to a recent report, daily MACD indicators suggest a bullish crossover, which is a positive technical signal for the beginning of a potential upward move, following an extension of a weekly bullish wave that reached about 18%.
Later, Blockchain.News mentioned that ADA may target a range of 1.05–1.10 USD during the week, averaging 1.15–1.25 USD in the medium term, confirming that breaking the resistance level at 1.01 USD could open the door to achieve these gains.
Another source sees that technical indicators support the continuation of bullish strength even though RSI has now crossed above 70 (which is acceptable in a bullish market), with MACD holding onto the positive signal.
A more optimistic analysis indicated that ADA is in the third wave of a bullish movement composed of five waves, which could drive the price to 1.84–2.06 USD if the momentum continues.
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Future price forecasts
CoinCodex predicts that the price will rise in August to an average of 1.11 USD, within a range of 0.99 to 1.29 USD, with gains of up to +29% compared to the current price.
It is also expected to reach an average of 1.41 USD in September, then rise to 1.50–1.60 USD in October and November, before settling at 1.45 USD in December—achieving returns of up to 50–60%.
A report from CryptoNinjas predicts that the price of ADA will fluctuate in August between 0.85 and 1.05 USD, with expectations of sideways movements unless significant developments occur in its ecosystem.
According to TheCryptoBasic, the current price is around 0.8526 USD, and it may target a recovery to about 0.88–0.92 USD in the near term, near the long-term historical resistance line.
On another analysis front, some reports indicate that ADA could regain the 3 USD level if ETF approval for ADA is issued, which would significantly boost institutional demand.
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Fundamentals and technical developments
Cardano relies on the Ouroboros mechanism based on proof of stake (PoS), and it is one of the first scientifically validated and approved protocols.
It is a third-generation blockchain that raises the banner of scientific research and academic review as the basis for developing its ecosystem.
The platform divides its functions into a settlement layer (CSL) and a computation layer (CCL), enhancing security and versatility.
The on-chain self-governance feature allows ADA holders to propose updates and vote on them directly.
ADA offers benefits of about 3–5% annually through staking, which encourages users to participate and maintain the network.
A recent academic study comparing blockchain networks concluded that Cardano shows moderate levels of uneven power distribution within governance structures.
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Quick summary in bullet points
Axis Analysis
Current situation Price close to 1 USD and bullish technical signals (MACD and RSI)
Key resistances Levels 1.01, then 1.10–1.25, and possibly 1.80–2.00 in the future
Positive scenario Continued rise (30–60%) through technical influence
Conservative scenario Sideways movement or correction to the range of 0.85–0.95 USD
Fundamental factors Strong scientific foundation, advanced governance system, staking system, continuous development
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Summary and conclusion
The direct movement of ADA appears to be bullish and is based on positive technical indicators.
In the near term (days to weeks), we may see the price targeting 1.05–1.10 USD.
If the major resistance levels are broken and momentum is activated, the medium-term targets could extend to 1.15–1.25 USD.
In case of major news such as ETF approval, we may see an exceptional rise reaching 3 USD or more.
ADA remains supported by strong fundamentals and advanced technologies, making it one of the promising long-term currencies, but all of this is not without traditional market risks.
