• Currently trading at $ADA $0.92580, after breaking the resistance level of $0.90 and initially reaching the range of $1.00-$1.01
• Open positions in futures reached $1.43 billion, indicating strong market participation
• Price forecasts indicate a range of $0.95-$1.05 for August 2025, with longer-term forecasts at $1.19 and $1.32, potentially reaching $3.00
Growth Support Factors
• Technical upgrades include improvements to smart contracts and the anticipated Layer 2 scaling solution, Hydra
• Expansion of decentralized finance (DeFi) systems and non-fungible tokens (NFTs) on the Cardano platform
• A net inflow of 40 million ADA or more shows a trend of accumulation
• The neutral regulatory environment provides stability, despite ongoing economic uncertainty in the United States
Technical Analysis
• The formation of the "golden crucifix" and the breakout above the $0.90 level confirm the upward momentum
• The MACD indicator shows a positive trend while the RSI (72) indicates a slight overbought condition
• A support level has been established at $0.90 and a resistance level at $1.05-$1.10
• The buy-to-sell margin ratio is 91.9 with increasing Asian interest in buying (+0.059%) reflecting optimism
Market Sentiment Overview
• 90.8% of community discussions reflect positive expectations
• The increase from $0.48 in June to current levels reinforces the growth story
• Forecasts indicate that the current investment may yield returns of 58% by November 2025
• Limited negative forecasts (9.2%) are mainly focused on macroeconomic concerns rather than Cardano-specific issues
