🟩 Cardano’s Breakout & Emurgo News
ADA has grabbed attention after breaching $0.74 resistance, setting sights on $0.85 as the next key target. This breakout rides the broader altcoin sector’s momentum, with the Altcoin Season Index up 9.4% as capital rotates out of Bitcoin.
Adding fuel, Emurgo launched the Cardano Card on July 15, letting users spend ADA globally, earn DeFi-based rewards, and support the Cardano treasury, boosting the ecosystem’s long-term sustainability.
📊 Network Activity on the Rise
On-chain data shows active ADA addresses climbed to 38.5k, marking a 10-day uptrend. This surge follows the Card launch, signaling renewed user engagement. Rising addresses often precede sustained price gains, strengthening the bullish outlook as ADA eyes $0.85.
💹 Cardano Price Analysis
Currently trading at $0.7434 (+2.17% daily), ADA's market cap is $26.31B. The 4-hour chart shows price consolidating above the 20 SMA at $0.7361, with upper Bollinger Band resistance at $0.7607. Immediate support sits between $0.68–$0.70.
RSI at 58.59 suggests room for upside without being overbought. Combined with solid fundamentals and broader altcoin support, ADA could realistically target $0.85 in the short term.
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