Cardano’s ADA Charges Toward $1: What’s Driving the Rally?

Cardano’s native token ADA is making waves, surging 13% in a day to hit $0.85 and marking an impressive 37% monthly gain. While facing resistance at $0.86, multiple bullish signals suggest this could be just the beginning.

Holder Confidence Remains Strong

• Age Consumed metric shows long-term holders aren’t selling
• Last major movement was in mid-June (130B ADA)
• Current activity sits at just 250M ADA – a sign of conviction

Translation: When old coins stay put during a rally, it means veterans believe in higher prices ahead.

Profit-Taking Risk Still Low

• 60-day MVRV ratio at 22.91% (well below May’s 131% danger zone)
• Similar ratios in April preceded a 35% price jump
• Suggests current holders aren’t under pressure to cash out yet

Technical Breakout in Progress

ADA’s charts show rare bullish signals:
✅ Triple EMA golden cross (20-day > 50-day > 100-day > 200-day)
✅ Testing $0.86 resistance (May’s Fibonacci 1.0 level)
✅ Next target: $1.07 if breakout holds

Caution:
⚠️ RSI divergence on 4-hour chart (price up, momentum slowing)
⚠️ Could see short-term consolidation before next leg up

Key Levels to Watch

• Break above $0.86: Opens path to $1+
• Support at $0.78: Must hold to maintain bullish structure