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		<h2><span></span><b>TLDR:</b><span></span></h2><div>
<ul><li><a target="_blank" href="https://blockonomi.com/cardano-eyes-breakout-as-ada-approaches-key-0-67-resistance/#TLDR" title="TLDR:">TLDR:</a></li><li><a target="_blank" href="https://blockonomi.com/cardano-eyes-breakout-as-ada-approaches-key-0-67-resistance/#ADA_Price_Nears_Pivotal_Breakout_Level" title="ADA Price Nears Pivotal Breakout Level">ADA Price Nears Pivotal Breakout Level</a></li><li><a target="_blank" href="https://blockonomi.com/cardano-eyes-breakout-as-ada-approaches-key-0-67-resistance/#Cardano_Price_Action_Holds_Within_a_Defined_Channel" title="Cardano Price Action Holds Within a Defined Channel">Cardano Price Action Holds Within a Defined Channel</a></li></ul></div>
<ul>
<li><span>ADA price nears $0.67 resistance after weeks of forming higher lows.</span></li>
<li><span>A daily close above $0.67 could push ADA toward $0.83–$0.91.</span></li>
<li><span>Analysts highlight long-term accumulation and smart money activity.</span></li>
<li><span>ADA’s price pattern shows a breakout from a descending channel may be close.</span></li>
</ul>
<hr />
<p><a target="_blank" href="https://blockonomi.com/cardano-etf-approval-odds-climb-to-90-as-ada-price-lingers-below-key-resistance/"><span>Cardano’s ADA token</span></a><span> is showing signs of renewed strength as traders watch a crucial resistance level. After months of hesitant buying on medium timeframes, the asset appears to be positioning for a potential breakout. </span></p>
<p><span>Market watchers note that sustained higher lows over the past two years suggest steady accumulation. This behavior has fueled growing anticipation of a bullish reversal. </span></p>
<p><span>With ADA currently testing a vital technical zone, analysts say a rally may be on the horizon.</span></p>
<h2><span></span><b>ADA Price Nears Pivotal Breakout Level</b><span></span></h2>
<p><span>Cardano is trading just below the $0.605 mark, continuing to fluctuate within a long-term descending channel. According to price data, ADA has slipped nearly 4% over the last 24 hours but remains up 4.46% on the week. </span></p>
<p><span>Analysts identify the $0.67 level as a key resistance point, which, if surpassed, could open the door to a larger rally.</span></p>
<blockquote>
<p>A daily close above $0.67 could set Cardano <a target="_blank" href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> on course for a rally to the $0.83–$0.91 range! <a target="_blank" href="https://t.co/r5oS6ZKkyA">pic.twitter.com/r5oS6ZKkyA</a></p>
<p>— Ali (@ali_charts) <a target="_blank" href="https://twitter.com/ali_charts/status/1940903127076819012?ref_src=twsrc%5Etfw">July 3, 2025</a></p></blockquote>
<p><span>Technical strategist Ali noted that a daily close above $0.67 could trigger a price move toward the $0.83 to $0.91 range. He pointed to Fibonacci retracement levels, which reflect the asset’s repeated bounces from support areas, including $0.6231. </span></p>
<p><span>These patterns suggest bullish momentum is gradually building as the asset approaches this critical threshold.</span></p>
<p><span>Traders from XForceGlobal highlighted that </span><a target="_blank" href="https://blockonomi.com/whales-accumulate-120-million-ada-as-cardano-price-tests-key-resistance/"><span>Cardano’s market structure</span></a><span> reflects consistent accumulation. They observed that each new low has been followed by protection of previous lows, indicating smart money interest. </span></p>
<p><span>Over the past two years, ADA has shown a clear trend of forming higher lows, reinforcing the possibility of an eventual upward breakout.</span></p>
<blockquote>
<p><a target="_blank" href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a><a target="_blank" href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a>'s <a target="_blank" href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw">#ADA</a> is in a completely different timeline and it may very close to finally come back into the game from a timing perspective. The bottoms have been hesitantly bought up on the medium timeframes the past few months; however, it's looking primed for an eventual… <a target="_blank" href="https://t.co/Lug89kUfKA">pic.twitter.com/Lug89kUfKA</a></p>
<p>— XForceGlobal (@XForceGlobal) <a target="_blank" href="https://twitter.com/XForceGlobal/status/1940985194582085815?ref_src=twsrc%5Etfw">July 4, 2025</a></p></blockquote>
<p><span>In terms of market structure, analysts see a potential Elliott Wave pattern forming—a leading expanding diagonal. This variation accounts for the asset’s wide price swings and adds to the case for long-term bullish behavior. </span></p>
<p><span>According to chart watchers, such a pattern often precedes strong moves in volatile assets.</span></p>
<h2><span></span><b>Cardano Price Action Holds Within a Defined Channel</b><span></span></h2>
<p><span>The </span><a target="_blank" href="https://coincentral.com/sei-sei-price-bullish-setup-could-trigger-major-rally/"><span>broader technical setup</span></a><span> shows ADA moving steadily within a descending price channel since Q1 2025. This structure has guided the asset’s price behavior for several months, capping both highs and lows. </span></p>
<p><span>However, the asset now appears to be challenging this pattern, with the $0.67 level acting as a breakout trigger.</span></p>
<p><span>If ADA closes above that point on the daily chart, it would signal a departure from the bearish formation. Ali believes such a breakout could invite new buying pressure, reinforcing bullish momentum toward the next Fibonacci levels near</span> $0.83.</p>
<p><span>With a recent 7-day uptick and strong technical backing, ADA’s setup is attracting retail and institutional traders. The long-term accumulation, higher lows, and pattern alignment may point to a major shift ahead. As the price approaches the crucial $0.67 barrier, Cardano’s next few sessions could decide the near-term direction </span><a target="_blank" href="https://moneycheck.com/arizona-law-allows-state-to-keep-unclaimed-crypto-assets-and-establish-bitcoin-reserve-fund/"><span>for the crypto asset.</span></a></p>
		<div> <p><a href="https://blockonomi.com/out/bcbot" target="_blank"><img src="https://blockonomi.com/wp-content/uploads/2024/05/bc-wide.gif" /></a></p></div>		
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Blockonomi

Cardano Eyes Breakout as ADA Approaches Key $0.67 Resistance - Blockonomi

<div><ul>
<li>
<p><strong>Cardano (ADA) is approaching a critical $0.60 resistance level, supported by rising trading volume and bullish momentum, signaling a potential breakout.</strong></p>
</li>
<li>
<p>The formation of a triple bottom near key support levels suggests early signs of price stabilization and trend recovery for ADA.</p>
</li>
<li>
<p>According to COINOTAG sources, surging volume and an RSI above 43 reinforce the growing bullish sentiment following ADA’s recent bounce from the $0.56 zone.</p>
</li>
</ul>
<p><em>Cardano eyes a breakout above $0.60 with rising volume and bullish momentum, targeting $0.66–$0.70 resistance amid signs of trend recovery and price stability.</em></p>
<h2>Cardano’s $0.60 Resistance Test: A Pivotal Moment for ADA’s Short-Term Upside</h2>
<p>Cardano’s price action near the $0.60 mark is attracting significant attention from traders and analysts alike. The token’s ability to close above this resistance level is widely viewed as a prerequisite for unlocking further gains. Recent trading data reveals a surge in volume, with over $1.17 billion traded in the last 24 hours, marking a 79% increase that underscores renewed market interest. This volume spike, combined with ADA’s market capitalization rising to $21.21 billion, reflects a broader altcoin recovery that is positively influencing Cardano’s price dynamics.</p>
<p>Technical indicators also support this outlook. The Relative Strength Index (RSI) climbing above 43 indicates a shift away from oversold conditions, suggesting that bullish momentum is building. Market participants are closely watching for a sustained breakout above $0.60, which could propel ADA toward the $0.66 to $0.70 resistance range. This potential rally aligns with recent price consolidations and brief intraday moves above $0.61, signaling that buyers are gaining control.</p>
<h3>Technical Patterns and Volume Dynamics Underpinning ADA’s Recovery Potential</h3>
<p>From a technical perspective, Cardano is exhibiting classic signs of a recovery phase. The formation of a triple bottom near the $0.56 support zone is a significant development, indicating that selling pressure is diminishing and price stability is emerging. This pattern, often regarded as a bullish reversal signal, is further validated by tightening Bollinger Bands, which typically precede periods of increased volatility and directional price movement.</p>
<p>Additional analysis highlights ADA’s reclaiming of key Fibonacci retracement levels and a notable increase in exchange outflows, suggesting that holders are less inclined to sell at current prices. These factors collectively point to a reduced supply pressure, which could facilitate upward price momentum if the $0.60 resistance is decisively breached. Traders and investors should monitor daily closing prices closely, as a confirmed breakout could set the stage for a short-term rally targeting higher resistance levels.</p>
<h3>Market Sentiment and Broader Crypto Trends Impacting Cardano</h3>
<p>The current bullish momentum in Cardano is also influenced by broader market trends. A general recovery in the cryptocurrency sector has lifted investor sentiment, benefiting major altcoins including ADA. Increased trading activity and positive technical signals have attracted renewed attention from both retail and institutional participants. This environment creates a conducive backdrop for Cardano’s potential breakout, provided that key technical thresholds are met.</p>
<p>Moreover, social media sentiment and expert commentary, such as insights shared by respected analysts on platforms like Twitter, reinforce the narrative of an impending rally. These perspectives contribute to shaping market expectations and can influence short-term price action through increased buying interest.</p>
<h3>Conclusion</h3>
<p>Cardano’s approach to the $0.60 resistance level represents a critical juncture for its near-term price trajectory. Supported by rising volume, technical recovery patterns, and improving market sentiment, ADA is well-positioned for a potential breakout that could target the $0.66 to $0.70 range. Traders should watch for a confirmed daily close above $0.60 to validate this bullish scenario. While the broader crypto market recovery provides a favorable context, the price action around this key resistance will ultimately determine Cardano’s direction in the coming days. Maintaining vigilance on volume trends and technical indicators will be essential for those seeking to capitalize on ADA’s evolving momentum.</p>
<p><span></span>Don't forget to enable notifications for our <a href="https://twitter.com/coinotagen" target="_blank"><strong>Twitter</strong></a> account and <a href="https://t.me/coinotagen" target="_blank"><strong>Telegram</strong></a> channel to stay informed about the latest cryptocurrency news.</p></div>

Coinotag

Cardano Eyes Potential Breakout Above $0.60 With Targets Near $0.66 to $0.70

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							<img src="https://www.newsbtc.com/wp-content/uploads/2023/08/bear-market.jpeg?fit=773%2C500" alt="Cardano price" srcset="https://www.newsbtc.com/wp-content/uploads/2023/08/bear-market.jpeg?w=773 773w, https://www.newsbtc.com/wp-content/uploads/2023/08/bear-market.jpeg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2023/08/bear-market.jpeg?w=768 768w" />						</figure>
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								<p><span>The Cardano price performance has been nothing short of shambolic since the start of May, falling from the lofty heights of $0.85 in less than two months. According to data from CoinGecko, the altcoin’s value has declined by more than 24% in the past month.</span></p>
<p><span>While the price of ADA saw an explosive growth at the beginning of the second quarter, the token is now back where it started in April — just above the $0.5 mark. Interestingly, the signs are <a href="https://www.newsbtc.com/analysis/ada/cardano-ada-bears-active-0-580/" target="_blank">pointing to further decline</a> for the Cardano price over the next few weeks.</span></p>
<h2><b>ADA Price Stuck In Descending Channel</b></h2>
<p><span>On Friday, June 27, prominent market analyst Ali Martinez took to the social media platform X to <a href="https://x.com/ali_charts/status/1938667388070748170" target="_blank">share</a> an ominous prediction for the ADA token’s price. According to the crypto pundit, the Cardano price could be heading to around $0.47 for its next support.</span></p>
<p><span>This bearish projection revolves around the appearance of a descending channel pattern on the three-day Cardano chart. A descending channel is a chart formation in technical analysis characterized by two major trendlines: the upper line acting as the resistance level and the lower line acting as the support level.</span></p>
<p><span>The space between these trendlines serves as the channel within which prices move over a period. Typically, the formation of a </span><a href="https://www.investopedia.com/terms/d/descendingchannel.asp" target="_blank"><span>descending channel</span></a><span> suggests the persistence of a downward price trend and lower highs. At the same time, traders can use this pattern to identify optimal entry and exit points.</span></p>
<figure><img src="https://pbs.twimg.com/media/GueHprMX0AA0c6t?format=jpg&amp;name=4096x4096" alt="Cardano price" /><figcaption>Source: @ali_charts on X</figcaption></figure>
<p><span>The Cardano price chart above, for instance, shows that the altcoin price has been in a downward trend since last November. The token seemed to have turned its fortune around after finding support at the lower trendline in early April and running back above the $0.8 level.</span></p>
<p><span>However, the Cardano price failed to break the upper trendline at the beginning of May and has since been experiencing a downturn. According to Martinez, the ADA token could fall to as low as $0.47 — around the lower trendline — to find a support cushion.</span></p>
<p><span>Moreover, the 1.272 Fibonacci level — used in technical analysis to identify price targets and support or resistance levels — is also around the lower trendline. Ultimately, this means that the Cardano price could fall even lower than its current price point.</span></p>
<h2><b>Cardano Price At A Glance</b></h2>
<p><span>As of this writing, the ADA token is valued at around $0.56, reflecting a 1.3% price jump in the past 24 hours. According to CoinGecko data, the price of Cardano is down by more than 3% in the last seven days.</span></p>
<figure><img src="https://www.tradingview.com/x/FrLhy870/" alt="Cardano price" /><figcaption>The price of ADA on the daily timeframe | Source: ADAUSDT chart on <a href="https://www.tradingview.com/x/FrLhy870/" target="_blank">TradingView</a></figcaption></figure>
<p>Featured image from Investopedia, chart from TradingView</p>
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	<p>Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.</p>
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			<p>Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.</p>
<p>Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. </p>
<p>When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.</p>
<p>Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.<br />
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.</p>
<p>Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.</p>
<p>Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.</p>
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NewsBTC

Cardano Price Woes To Continue? Analyst Expects ADA To Fall To $0.47

<div>
		<ul>
<li><strong>Crypto analyst Javon Marks believes Cardano may be setting up for a significant move, potentially a 666% surge from its current price of $0.5548.</strong></li>
<li><strong> Meanwhile, optimism around an ADA ETF is gaining momentum rapidly, with the odds of approval now standing at 76%, indicating that more investors are becoming increasingly excited.</strong></li>
</ul>
<hr />
<p>Cardano (ADA) is currently trading at $0.5558. While the token has taken a 4.34% dip in the last 24 hours and is down 7.04% over the past week, the mood among traders remains optimistic.</p>
<p>Investors have not taken a step back. In fact, many are treating the dip as a chance to buy in, which has led to a 12.7% spike in trading volume, even as Cardano’s overall market cap has slid by about 5%.</p>
<p>On X,<a href="https://x.com/JavonTM1/status/1932109937166983437" target="_blank"> analyst Javon Marks </a>highlighted ADA’s potential, saying, “Using $ADA (Cardano)’s previous bull cycle as a guide for this one, prices could be setting up for another move to and above its 1.272 Fibonacci Level, which is currently at the ~$5.35 Price Point!” If that scenario plays out, it would represent an impressive upside of nearly +666% from the current price. Marks had also previously hinted at this possibility, reinforcing his belief that ADA is on track to reach $5 soon.</p>
<p><a href="https://www.coinglass.com/currencies/ADA" target="_blank">CoinGlass data </a>shows us that while open interest in ADA, that’s the total value of outstanding futures contracts, dipped by a modest 3.92% to $703.49 million, the options market took a big hit, volume there dropped by a steep 92.94% to just $6.59K.</p>
<p>Still, the overall sentiment heading into July remains bullish. CoinCodex, for instance, is projecting ADA could trade between $0.72 and $0.84 over the next month, with an average price around $0.79. If that happens, we could be looking at a gain of over 52% from today’s levels.</p>
<h3>Cardano Market Snapshot</h3>
<p>Midnight Network is preparing to launch its Glacier airdrop campaign. It is known for using zero-knowledge cryptography to prove facts without revealing any sensitive information. Part of its plan is to reward its community while spotlighting its commitment to secure and private data sharing.</p>
<p>As we <a target="_blank" href="https://www.crypto-news-flash.com/cardano-founder-confirms-midnight-airdrop-will-reach-37-million-including-xrp-holders/">discussed</a> earlier, the network is currently live on testnet, with plans to launch its mainnet 90 days after the Glacier Drop concludes.</p>
<p>Midnight will distribute its utility token, NIGHT, to users holding Cardano, Bitcoin (BTC), and Ethereum (ETH) during the airdrop. The network will release 100% of its NIGHT token supply in the first phase of the campaign. According to Midnight’s whitepaper, ADA holders will receive 50% of the total 24 billion NIGHT tokens, highlighting the project’s deep ties to the Cardano ecosystem.</p>
<p><a href="https://www.crypto-news-flash.com/coinbase-secures-mica-license-to-expand-across-the-european-union/" target="_blank">We mentioned in our previous news brief </a>that Coinbase has launched cbADA, a wrapped version of Cardano’s native token, on the Ethereum Layer 2 network, Base.</p>
<p>What does that mean in plain terms? ADA holders now have a bridge to tap into major DeFi protocols like Uniswap, PancakeSwap, and Aerodrome. Each cbADA token is backed 1:1 by actual ADA stored in Coinbase custody, with transparent reserves to back it all up.</p>
<p>Optimism around a potential Cardano ETF has surged. <a target="_blank" href="https://www.crypto-news-flash.com/cardano-etf-bets-surge-as-institutional-crypto-interest-grows-in-2025/">According to CNF,</a> the odds of a Cardano spot ETF approval in 2025 have climbed to 79%, the highest level ever recorded on the platform.</p>
<p>This surge in optimism shows that more investors are starting to believe the U.S. Securities and Exchange Commission (SEC) could finally give the green light. That level of confidence suggests that investors are sensing a regulatory thaw, especially with Paul Atkins now at the helm of the SEC.</p>
<hr /><h6>Recommended for you:</h6>
	</div><p>This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.</p>

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