Aiming for $1 Mark: Persistent Delays Suggest Reason Cardano (ADA) hasn't Reached its Target Yet

Cardano, the popular proof-of-stake blockchain, is currently attempting to break the $1 psychological resistance level, a significant milestone in its price journey. This push is influenced by a combination of technical, fundamental, and market sentiment factors.

Technical Resistance Near $0.85-$0.90

ADA is contending with a descending resistance trendline from its 2023 highs, facing immediate resistance around $0.85–$0.90. A successful breakout above this zone is crucial for momentum towards $1 and beyond. Failure to cross this zone may lead to price consolidation around $0.72–$0.80 levels.

Short-term Bearish Momentum vs. Bullish Signals

As of late July 2025, ADA trades below its 20-day moving average (~$0.80), signalling short-term bearish momentum. However, the MACD indicator is bearish but showing slight improvement, while technical indicators like the bullish MACD trend and EMA alignment support moderate optimism.

Psychological Resistance at $1

$1 represents a key psychological and round-number resistance level. Breaking it could trigger trend-following inflows and higher price targets, with some analysts forecasting ADA reaching $1.05 by end of July 2025 and progressing steadily thereafter.

Ecosystem Developments and Airdrops

Upcoming catalysts such as the Midnight Glacier airdrop, which allocates 50% to ADA holders, and ongoing ecosystem growth serve as potential bullish drivers that may provide upward price pressure.

Market Volatility and Broader Crypto Trends

Cardano's price is influenced by general crypto market dynamics and investor risk appetite, which can either amplify or dampen attempts to surpass $1.

At press time, the price of Cardano (ADA) is trading at $0.78. ADA has decreased by 3.09% in the last 24 hours and 10.25% weekly. Despite this, ADA is currently sustaining above the daily SMA 50 and 200 at $0.674 and $0.739, respectively.

The Cardano network has seen a surge in activity, with transaction volume reaching 111.86 million. The network also boasts 1,340,000 delegated wallets, 10,850,000 native tokens under 218,533 token regulations, and 2,007 projects building on the network.

Governance engagement on the Cardano network has increased, with 1,403 DReps, including 976 active DReps. Developer activity on the Cardano network has seen a 31% weekly increase, with 390 GitHub commits.

On July 28, ADA rose to $0.856 before retreating again. A convincing break above $0.86 could lead to another test of the $0.90-$0.95 range before a possible revisit of the $1 level. However, profit-taking and a market slowdown are working against Cardano's attempt at a $1 breakout.

In summary, the main factors affecting ADA's push above $1 are its current technical resistance around $0.85–$0.90, short-term bearish momentum signals, potential bullish catalysts like airdrops, and overall market sentiment. Overcoming the immediate technical barriers and sustaining momentum are essential for breaking this psychological level and initiating a robust uptrend.

[1] Data source: CoinMarketCap [2] Data source: Santiment

The psychological resistance level at $1, a significant milestone for Cardano, holds tremendous influence on its price journey, potentially triggering trend-following inflows and higher price targets.2.The Midnight Glacier airdrop, distributing 50% of tokens to ADA holders, and ongoing ecosystem growth are potential bullish drivers that may provide upward price pressure.
Smart contracts and DEFI projects building on the Cardano network contribute to its finance sector, bolstering investor interest and long-term potential.
In the realm of governing, the network sees increasing engagement from Delegated Representatives, with 1,403 DReps, including 976 active DReps, indicating a growing community involvement.
Regulation plays a pivotal role in the crypto market, and compliance with financial institutions could further legitimize Cardano, potentially attracting more traditional investors and institutional capital.
To maximize investment returns in the crypto trading space, it is essential to have a well-equipped wallet for storing, buying, and selling ADA and other crypto tokens securely. Moreover, remaining updated on regulatory developments, market trends, and upcoming technical breakthroughs is crucial for informed investing decisions.

Aiming for $1 Mark: Persistent Delays Suggest Reason Cardano (ADA) hasn't Reached its Target Yet