Cardano price has captured trader attention after reclaiming the $0.78 support zone with strong volume. The cryptocurrency now faces a critical test at $0.88 resistance.
ADA bounced from the $0.74-$0.77 range after weeks of sideways movement. This level previously acted as resistance and now provides solid support for the current rally.
The recent price action shows increasing volume and consistent closes above $0.77. Chartist Tom Tucker noted that ADA’s reclaim of this level re-established structure after July’s pullback.
Tucker’s analysis highlighted a rebound from $0.72, which aligns with the neckline of an inverse head-and-shoulders pattern. This technical setup favors a move toward $0.88 and later $1.19.
$ADA just reclaimed a key support level with strong buying volume.
If it holds this level, the price could push up to $1.19, a major resistance zone.
This move shows strength, but buyers need to stay active for the rally to continue. pic.twitter.com/OumqfDi4Ps— Tom Tucker (@WhatzTheTicker) July 29, 2025
Volume spikes in spot markets confirm the bullish trend. ADA has printed higher lows since early July, forming an ascending triangle on the 4-hour chart.
Bulls need to maintain structure above $0.88 to target the next resistance around $1.19. Dan Gambardello compared the current setup to pre-rally conditions from 2021.
Analyst CryptoSmith0x identified a massive cup-and-handle formation on Cardano’s 2-week chart. The pattern has been developing since the 2022 top with the handle forming near $0.50-$0.60.
$ADA monstrous cup and handle!
whales are done accumulating #Cardano
Breakout target: $0.92 → $4.00+ 🎯 pic.twitter.com/kb4rghM3G4
— Smith (@CryptoSmith0x) July 29, 2025
The neckline sits near $0.92, acting as the key breakout level. A confirmed break above this zone could trigger a move toward $4.00, representing a potential 4x gain.
Minswap’s analysis shows a long-term descending channel breakout in mid-July. The altcoin broke above trendline resistance and retested it as support.
The structure remains valid as long as price holds above $0.76. This retest could establish a fresh upswing toward the $1.19 zone.
Charles Hoskinson recently defended Cardano’s value proposition against Bitcoin during an interview with Jason Yanowitz. The founder described Cardano as a more enhanced platform focused on scalability and governance.
Hoskinson emphasized Cardano’s technological advantages and adaptability compared to Bitcoin. He highlighted the network’s growing presence in Asian and African markets.
The founder explained that Cardano’s development model enables faster innovation implementation without compromising security. Network upgrades continue as fundamentals may drive future price performance.
Market sentiment appears to support Hoskinson’s claims. WhaleFUD stated that “Cardano has never been fundamentally stronger than now.”
CryptoPulse charts show price stalling below the $0.88-$0.91 resistance zone. This range coincides with the neckline of the broader bullish setup.
🔵 $ADA at Critical Range – Watching for Next Move 🔍
ADA is hovering just below a key resistance zone around $0.88 after a recent rejection.
Price action is showing hesitation, with no clear breakout or breakdown yet.🔄 A reclaim of $0.88 could shift momentum toward $1.06 and… pic.twitter.com/ix3OwcIeVS
— CryptoPulse (@CryptoPulse_CRU) July 30, 2025
A daily close above $0.88 could shift momentum toward $1.06 and trigger further upside. The level represents a make-or-break point for ADA’s next move.
TapTools data shows Cardano maintaining its position among top crypto assets by market cap since launch. This long-term presence adds credibility to current bullish formations.
The Cardano DeFi ecosystem recently surpassed $100 million in total value locked during the rally. On-chain activity increases alongside growing ETF approval speculation.
Exchange balances have flattened while on-chain wallet growth accelerates, suggesting whale accumulation phases are ending.
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