Cardano Price Rises 22% in a Week as Analyst Says $1 Target is “When, Not If”
Highlights:
- The Cardano price has increased by 7.46% to $0.92, accompanied by a 91% surge in trading volume.
- ADA has broken key resistance levels, moving to $0.92, with immediate resistance at $1.02.
- Overbought RSI cautions of a possible retracement before a strong rally to $1.14, marking 25% gains.
The Cardano price has increased by 7.46% to $0.92, as the cryptocurrency market shows a bullish trend. Its daily trading volume has notably spiked 91% indicating intense market activity. Currently, ADA is up 22% over the past week and 59% over the past month. Meanwhile, popular crypto analyst Ali Martinez has highlighted Cardano’s potential to hit $1 soon. He has noted that, “for Cardano is no longer a matter of ‘if,’ but ‘when.”
For Cardano $ADA, hitting $1 isn’t a question of if. It’s a matter of when! pic.twitter.com/4sJONaNQb7
— Ali (@ali_charts) July 21, 2025
On the other hand, the Cardano Derivatives Data indicates a robust market. Volume has increased by 85.09% to a total of $4.37 billion, with open interest rising by 13.66% to $1.83 billion. However, the options volume has dropped significantly by 92.94%, signalling less interest in speculative contracts. This suggests that the interest has waned, and long-term investors are beginning to take positions as the price strengthens.
Despite this, the overall market sentiment remains positive, with the long/short ratio of 3.09 on Binance accounts. This suggests that bulls have the upper hand, and the price could continue its upside spike.
Technical Indicators Show Strong Support for Further Upside
The daily chart analysis for Cardano price indicates that the token is well-positioned for further upside. Currently, the meme coin is trading well within the rounding bottom technical pattern, with the bulls eyeing further upside. The bulls have rebounded from the $0.53 lows on 1 July, piercing through the 50-day ($0.65) and 200-day ($0.74) MAs to $0.92. The bulls are having the upper hand, as they target the $1.02 immediate resistance in the coming days.
The Relative Strength Index (RSI) currently reads at 83.75, signalling intense buying pressure. However, its position above the 70-level indicates overbought conditions, cautioning of a potential correction soon. This will be necessary to help the bulls sweep through liquidity before another leg up. Additionally, the MACD (Moving Average Convergence Divergence) is also in bullish territory. This is manifested by the positive histogram and increasing momentum. This calls for more buy orders in the ADA market, unless the momentum changes.
Cardano Price Prediction – All Eyes On $1.14
The 7% pump could be the start of a bigger move. Meme coins like Cardano can thrive on hype, and with the surge in volume, as long as the momentum is strong. In the short term, Cardano price prediction suggests the meme coin may push toward $1.02, representing another 12% gain, if momentum holds. In the medium-term, breaking $1.02 could signal a moonshot, sending ADA to $1.14, a 25% gain from current price levels. However, traders will want to watch those resistance levels that could act as speed bumps. The low of $0.53 is a solid floor if the market turns bearish.
On the other hand, the overbought RSI may lead to early profit-taking, potentially resulting in a correction of the Cardano price. In such a case, the $0.84 support zone will act as the safety net against any dips. A drop below this level will likely result in further downside towards the $0.74-$0.65 support zones.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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