ADA is currently trading around $0.93, down slightly (~6%) in the past 24 hours, with recent intraday highs nearing $1.01 and a low near $0.88 .
Over the past week, ADA has gained around 15–16%, outperforming many layer-one peers .
2. Bullish Technical Momentum
ADA has broken out of a multi-month bull flag pattern. Technical analysts are forecasting a potential 100–150% rally, possibly targeting $1.60–$1.75 in the weeks ahead .
Other forecasts suggest a price move back toward $1, supported by improving open interest and bullish structure .
Some analysts are even optimistic about a potential re-test of the all-time high near $3.09, with intermediate resistance zones placed at $1.13 and $1.40 .
3. On-Chain Stability & Ecosystem Growth
Long-term holders continue showing confidence: Over 15 billion ADA has remained unmoved for more than a year—indicating low selling pressure .
The Cardano ecosystem remains vibrant:
2,006 active projects are being built on the platform.
1.33–1.34 million wallets remain actively delegated, reflecting strong staking participation.
Weekly transaction volume is consistently trending over 111 million .
4. Ecosystem Developments: Airdrop & Treasury Initiatives
The “Glacier Drop”, a multi-chain airdrop from the Midnight privacy-sidechain, is underway, drawing increased attention to Cardano .
In early August, the Cardano community approved a $71 million treasury allocation to fund protocol upgrades over the next year—underscoring commitment to continued network growth .
Summary Table
Area Key Update
Price Movement Currently ~$0.93; ~15–16% weekly gain; technical patterns suggest bullish continuation.
Technical Outlook Bull flag breakout -> possible 100–150% upside to $1.60–1.75; medium-term targets up to $3.09.
Holder Confidence 15B ADA held by long-term holders, signaling low selling pressure.
Ecosystem Metrics Over 2,000 projects, 1.3M+ delegated wallets, high transaction activity.
Recent Developments Glacier Drop airdrop active; $71M treasury budget approved for upgrades.
click to buy ans sell