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Cardano Price- Cardano Nears Key Resistance with Promising Market Signals
Cardano Price– Cardano (ADA) is showing signs of a significant upward move, potentially its most explosive rally since the 2021 bull run. Currently trading around $0.597, ADA appears to have completed a classic accumulation phase—a pattern that has historically preceded substantial price surges.
Historical Patterns Suggest Strong Upside Potential
Crypto analyst Javon Marks highlighted in a July 7 report the striking similarities between ADA’s present price structure and its 2018–2020 cycle. During that period, Cardano experienced a three-wave correction followed by a rounded bottom, setting the stage for a dramatic rally that propelled prices past $3.00 in 2021. Marks contends that ADA has undergone a comparable multi-year correction since its 2021 peak, positioning it well for another steep ascent.
If this fractal pattern unfolds as expected, Cardano (ADA) could rally approximately 383%, with a price target exceeding $2.80 in the coming months.
Technical Indicators Support Bullish Outlook
Several key technical indicators are aligning in favor of a potential upward breakout for Cardano (ADA), suggesting that the asset may be poised for a significant rally in the near term.
To begin with, the Relative Strength Index (RSI) is currently positioned at approximately 49.82, just shy of the neutral 50 mark. This placement indicates that ADA is emerging from oversold territory, signaling a shift in market sentiment toward renewed buying interest. Historically, RSI moving closer to or above the 50 level often coincides with the beginning of bullish momentum.
In addition, the Moving Average Convergence Divergence (MACD) indicator has flashed a bullish crossover. The MACD line has moved above the signal line, a classic bullish signal suggesting that momentum is turning in favor of the bulls. This trend is further validated by the MACD histogram crossing into positive territory, reinforcing the idea that upward momentum is building beneath the surface.
Moreover, the Balance of Power (BoP) indicator adds to the bullish picture. It has shown increasing volatility with pronounced upward spikes, a strong indication of growing buyer dominance. This reflects sustained accumulation by market participants, even if the price action hasn’t fully broken out yet. BoP behavior like this often precedes sharp upward moves, as it suggests smart money is quietly building positions.
From a price structure standpoint, ADA faces immediate resistance in the $0.70 to $0.78 range—a region that previously served as a consolidation zone. Breaking above this level would likely invite further buying pressure, as it could signal the beginning of a broader trend reversal. In the mid-term, ADA’s targets range between $1.20 and $1.30, both of which represent key technical and psychological levels.
Bitcoin Hyper’s $2.15 Million Presale Boosts Layer 2 Innovation
As ADA aims for new all-time highs, another development in the crypto ecosystem is Bitcoin Hyper ($HYPER), a next-generation Layer 2 protocol designed to overcome inherent limitations of the Bitcoin blockchain.
Bitcoin Hyper recently raised approximately $2.155 million during its ongoing presale, demonstrating strong investor interest. The protocol integrates the Solana Virtual Machine (SVM), enabling ultra-fast transaction execution, and employs a decentralized Canonical Bridge for seamless transfers of Bitcoin between Layer 1 and Layer 2.
This technology enables users to send and receive BTC on Layer 2 with near-instant finality, bypassing the typical wait times for Layer 1 confirmations. Additionally, Bitcoin Hyper has launched staking for early $HYPER token backers, offering an exceptionally high annual reward rate of 373%.
Currently, the $HYPER token is priced at $0.0122, with a scheduled price increase in just over a day, indicating active demand and momentum in the presale.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
