ADA Is Breaking Out: Will Cardano Surge Past $1 Next?

TL;DR

Cardano $ADA is breaking through a key resistance level, opening the door for a rally to $0.90–$1.20! pic.twitter.com/4dj8jQfJFN

— Ali (@ali_charts) July 13, 2025

This important resistance that could hinder ADA’s progress is situated somewhere around $0.74, a level the asset is very familiar with, as it managed to contain its price ascent earlier this year.

ADA managed to breach it briefly during theFriday price surgethat drove it to a two-and-a-half-month high of almost $0.78, but the bears quickly regrouped and didn’t allow a decisive closure above it.

In fact, the last time Cardano’s token traded sustainably above $0.74 was in mid-May. Since then, the asset underwent a substantial correction that drove it down to $0.5 at one point.

Nevertheless, ADA is still the top performer on a weekly scale from the 12 largest cryptocurrencies by market cap, having gained almost 30%. Thus, it has increased more thanXRP(26%) and HYPE (22%).

This impressive price surge comes just a few weeks after IOGproposedthat the treasury would trade $100 million worth of ADA for BTC and stablecoins to enhance the blockchain’s DeFi ecosystem. The move met immediate resistance from some members, who claimed that it could lead to a more painful sell-off and price declines.

Charles Hoskinson was quick to mock the naysayers after ADA surged past $0.7 and became a top performer.

Remember when we were told that a 100 million dollar trade of ada would collapse the price? https://t.co/kYm5CKw97O pic.twitter.com/tPZiROv37i

— Charles Hoskinson (@IOHK_Charles) July 11, 2025