- Cardano broke the $0.74 resistance and is targeting $0.85 next.
- Active ADA addresses surged to 38.5k, showing network growth.
- RSI and price structure support further upside if momentum holds.
Cardano’s been turning heads again after finally busting through that stubborn $0.74 resistance. And now, folks are starting to ask—could we be heading straight for $0.85? It’s looking like a real possibility, especially with the altcoin market heating up. Capital’s starting to flow out of Bitcoin, and the altcoin season index has jumped 9.4%. That’s usually when things start to get interesting.
What really pushed Cardano back into the spotlight this time? The Emurgo-backed Cardano Card launched on July 15—and that’s kind of a big deal. You can now spend ADA just like cash, earn DeFi rewards on the go, and part of the profits even go into the Cardano treasury. It’s a clean mix of utility and sustainability. Pretty slick move, honestly.
ADA’s On-Chain Signals Flash Green
The network is definitely waking up. Data from Santiment shows active addresses climbing up to 38.5k, notching a 10-day streak of steady growth. That’s not nothing. This spike in activity came right after the Cardano Card drop, so the timing checks out.
More activity like this usually hints that real people are back on-chain—not just bots or whales shuffling coins. It’s often a leading indicator before price really starts moving. With the $0.74 level now behind us, momentum seems to be building toward that next target around $0.85.
Cardano Price Check—Cooling Off or Gearing Up?
As of writing, ADA is hovering at $0.7434, up about 2.17% on the day. Its market cap is sitting at $26.31B, but interestingly, trading volume over the past 24 hours dipped by 20%, down to $1.34B. That might just be a little cooldown after the recent rally—not necessarily bearish.
On the 4-hour chart, ADA’s holding just above the middle of the Bollinger Bands, with the 20 SMA at $0.7361. The upper band’s around $0.7607, so we’re pretty much bouncing in that range. Support’s looking solid between $0.68 and $0.70. That zone’s been tested a few times, and bulls have stepped in each time.
RSI is sitting at 58.59—not too hot, not too cold. Still plenty of room for upward movement before we hit the overbought zone. With everything else lining up—on-chain strength, altcoin tailwinds, and that new Cardano Card rollout—we might just see that $0.85 mark get tagged sooner than expected.
