Cardano’s price has jumped 10% in the past 24 hours to $0.82, marking a 30% rise over the week and 84% over the past year. ADA is riding the current altcoin wave, but indicators suggest its breakout is only getting started.
Cardano recently broke out of a bullish pennant pattern, and technicals like its RSI surging toward 80 and MACD trending higher indicate further upside in the short term. While a brief consolidation may follow, the rally’s momentum appears strong.
Fundamentally, Cardano remains a solid contender among layer-one blockchains. It holds a TVL of $343 million, ranks 23rd on DeFiLlama, and continues expanding its ecosystem with over 2,000 active projects. The upcoming Midnight sidechain and continuous updates from InputOutput are expected to drive further adoption.
Given this backdrop, analysts expect ADA to break $1 in early August and potentially touch $2 by year-end, with some speculating a $3 revisit by July 2025, mirroring past XRP cycles.
Meanwhile, meme coin TOKEN6900 is gaining attention in presale, raising over $600,000 so far. With a retro Internet meme theme and promises of pure viral hype over fundamentals, it’s positioning itself as the next speculative altcoin play for risk-seeking traders.’
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