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Cardano has slipped about 1.54% in the past day, but signs are pointing toward a turn in its fortunes. Traders have spotted a rare weekly golden cross on the ADA/USD chart. That happens when a shorter moving average crosses above a longer one. It can signal that buyers are gaining the upper hand after months of sideways action. First Ever Weekly Golden Cross According to analyst Mr. Brownstone, Cardano just logged its first‑ever weekly golden cross, with the 50‑week moving average climbing above the 200‑week line. ADA is trading at $0.60, under both its 50‑day MA at $0.66 and its 200‑day MA at $0.64. That gap means bulls need more firepower to push price back above key levels. Still, the weekly signal has many calling a bullish move ahead. Anyone else notice that Cardano just had it’s first Weekly Golden Cross ever? pic.twitter.com/d7gvWQfN1Z — Mr Brownstone (@GunsRoses1987) July 9, 2025 Price Levels To Watch Based on examination from MasterAnanda, ADA will likely need to reclaim its 34‑period EMA and the 200‑day MA before a real uptrend can take hold. Many traders use those levels as checkpoints. If ADA closes above $0.64, it could draw new buyers in. On the flip side, a drop under $0.59 might trigger more selling pressure. Whales Return To Accumulate Analyst Ali Martinez has noted that large holders scooped up about 120 million ADA over the past two weeks. These addresses, each holding between 1 million and 10 million ADA, now control roughly 5.5 billion ADA—worth around $3.3 billion at current prices. When big wallets pile in, it often suggests confidence that prices will head higher. But it can also lead to quick flips if whales decide to take profits. Whales bought over 120 million Cardano $ADA in the last two weeks! pic.twitter.com/HOjvzB6fqd — Ali (@ali_charts) July 8, 2025 Cardano: Forecasts And Sentiment Several price targets have emerged in recent weeks. Some analysts expect ADA to climb to $1.33, while others think $10 is within reach this cycle. Price prediction by CoinCodex points to a 25% rise to $0.74 by August 8, 2025. Right now, technical indicators lean bearish, and the Fear & Greed Index sits at 59 (Neutral). Cardano has seen 14 out of the last 30 days end in green, with volatility around 7.54%, according to the price prediction site. Outlook And Next Steps Cardano’s weekly golden cross is a bullish sign, but price still needs to clear shorter‑term hurdles. Traders looking for confirmation may wait for ADA to close above $0.66 on the daily chart. Those already in position might set a stop‑loss below $0.59 to guard against a rejection. With whale activity back on the rise and long‑term targets ranging from $1.33 to $10, Cardano is once again on investors’ radar. However, broader market trends—especially moves in Bitcoin—will likely dictate whether ADA’s momentum can stick. Featured image from Meta, chart from TradingView
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Cardano (ADA) has shown signs of life in the daily chart, but the big question for traders is whether this quiet consolidation near $0.58 can fuel a sustainable move back above $0.70. Let’s break down the chart structure, key indicators, and what Cardano price levels really matter in July 2025.Cardano Price Prediction: Is ADA Price Building a Base Around $0.58?ADA/USD Daily Chart- TradingViewThe daily Heikin Ashi chart shows ADA price currently trading near $0.579, moving sideways for the last several days. This tight range indicates a clear base-building phase.After a steep downtrend that started in mid-May, Cardano price found support near $0.50 — bouncing modestly but struggling to break above the $0.60 resistance zone. This range between $0.50 and $0.60 is crucial: if buyers keep defending $0.50, the odds of a short-term rally increase significantly.What Does RSI Tell Us About ADA Price Momentum?The Relative Strength Index (RSI) on the daily timeframe sits at 43.7, slightly below the neutral 50 mark. This tells us momentum remains bearish overall, but it’s no longer in oversold territory — suggesting the intense selling may have cooled off.In June, RSI dropped close to 30, hinting at a potential exhaustion of bears. Since then, the RSI has started to curve back up, showing early signs that buyers are regaining confidence. A sustained break above 50 on the RSI would strengthen the bullish reversal narrative.Can ADA Price Break Resistance?Looking at the chart, ADA price faces immediate resistance around $0.58–$0.60. If the bulls can push above this zone with volume, the next target lies at $0.70, which acted as support in April and early May before the breakdown.Let’s do a simple projection:
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In a wide-ranging conversation with former Navy SEAL and YouTuber Shawn Ryan, Cardano founder Charles Hoskinson laid out the philosophical roots of crypto, linking blockchain directly to the ideals of liberty, trust, and decentralized power. The interview also drew some controversy about whether Hoskinson is a liar as he talked about his days as a secret agent in DARPA and the time he jumped out of an Apache helicopter. As one Twitter user wrote: “You really need to listen to all five hours of it for those out of context antics to make sense and to really understand the human side of Charles. You know, not just the genius entrepreneur archetype you’re familiar with.” The Good: Charles Hoskinson Breaks Down the Importance of Crypto Drawing from his early involvement in the Ron Paul movement, Hoskinson connected the dots between Austrian economics, sound money, and the failures of fiat. “If you don’t have good money, you don’t have liberty… Bad money creates socialism. Good money gives you agency.” — Charles Hoskinson, Shawn Ryan Show Hoskinson likened blockchains to constitutions: immutable, transparent, and resistant to political coercion. For him, crypto was a natural progression. “In crypto, my use is identical to a poor farmer’s in Sagal,” Hoskinson opined. “In the fiat world, Bill Gates and I are treated very differently.” Hoskinson pushed back against the idea that tokens are just speculative chips in a global casino. In his view, they’re what power decentralized systems by keeping infrastructure open, resilient, and out of the hands of tech monopolies. The Insane From Charles… But Also Interesting In some of the crazier stories told in the interview, before launching Cardano, Charles Hoskinson collaborated with DARPA, jumped out of helicopters, and even participated in a ritual ceremony in Brazil involving gloves full of bullet ants. Additionally, he was part of a team that de-extincted the direwolf, helped retrieve extrasolar fragments from the Pacific, and funded bioluminescent plant research. According to Laura Shin, Charles Hoskinson claimed that he is a CIA asset and a DARPA contributor who fell in love with a female spy after falling from an Apache. You can't make this shit up LMAO pic.twitter.com/ZiKLOTHLmt — MORBID-19 (@JuhyukB) March 9, 2022 The ADA community breathes really hard and types fast on their keyboard when you psychoanalyze Charles Hoskinson. But, regardless, Hoskinson’s crypto knowledge shone through. He believes crypto’s biggest flaw has been its adversarial mindset. Bitcoin vs. Ethereum, crypto vs. banks. His alternative: build interoperable systems where success is mutual. “Cardano hasn’t gone down once in eight years. You can’t build real finance on unstable ground.” — Hoskinson Is Charles Hoskinson a Sociopath? Here’s an excerpt from the book Out of the Ether, about what the other Ethereum co-founders thought of Charles: (Amazon) As it states: “A pathological liar, sociopath, and someone who tried to convince the Ethereum team that he was actually Satoshi.” Well.. love him or hate him, Charles Hoskinson is crypto’s closest thing to a rock star. Unlike Vitalik, he’s turned Cardano into a brand with Bond-like flair. And while Cardano’s tech holds up, let’s be honest that it is Hoskinson’s charisma that is half the reason Cardano has Wall Street’s attention. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways
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ADA’s rally faces resistance as valuation concerns emerge despite strong buyer activity.
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With Cardano (ADA) being a proof-of-stake (PoS) blockchain platform meant to trigger positive global change across visionaries, innovators, and changemakers, the 10th-largest cryptocurrency continues to attract notable attention. As a result, renowned market analyst Ali Martinez recently acknowledged that, based on historical data, Cardano was eyeing an 18,750x increase in price level from the current one of $0.59. Martinez pointed out, “If historical data is any guide, Cardano could be at the very beginning of a monster parabolic rally.” Crypto analyst Nala echoed these sentiments and stipulated that history was repeating itself, and ADA was getting ready to explode soon. Will a Cardano ETF See the Light of Day? Since leading asset management firm Grayscale recently filed for a Cardano exchange-traded fund (ETF) with the New York Stock Exchange, fingers remain crossed on whether it will get the green light. This is because ETFs play an instrumental role in enhancing institutional investments, which is bullish for an asset’s overall adoption. Therefore, Grayscale’s decision to have a Cardano ETF in place illustrates ADA’s growing institutional interest. Furthermore, ADA’s open interest has been on an upward trajectory after hitting $850 million, representing an 18.9% increase, according to Coinglass data. Meanwhile, Cardano recently received a major boost through an innovative and strategic partnership with Walmart meant to roll out a crypto cashback program featuring ADA.
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Grayscale’s proposal to convert its Digital Large Cap Fund (GDLC) into a spot ETF made headway this week after the U.S. Securities and Exchange Commission (SEC) on Tuesday gave the sign-off on an accelerated basis for the listing and trading of the fund on NYSE Arca.
However, investors will have to wait longer as its debut has been temporarily delayed.
SEC Hits Pause On GDLC Conversion To ETF
The SEC put a pause on converting the Grayscale Digital Large Cap Fund LLC a day after agency staff approved the fund to start trading.
“This letter is to notify you that, pursuant to Rule 431 of the Commission’s Rules of Practice, 17 CFR 201.431, the Commission will review the delegated action,” the letter, addressed to the New York Stock Exchange, stated. “In accordance with Rule 431(e), the July 1, 2025 order is stayed until the Commission orders otherwise.”
It can be found here on the SEC website. We have a few theories as to why this happened.
1. The SEC doesn't want to let anything to launch under the 19b-4 process until they officially approve or come up with some framework for digital assets in the ETF wrapper. pic.twitter.com/WegC5d2Tcj— James Seyffart (@JSeyff) July 2, 2025
Bitcoin comprises around 80% of the fund’s holdings. Roughly 11% of the ETF’s assets would be in Ethereum, while Solana accounts for approximately 2.8% of the fund, Ripple’s XRP commands over 4.8%, and Cardano (ADA) has a weighting of 0.8% in the fund. The SEC told NYSE that it would let it know “of any pertinent action taken by the Commission.”
Bloomberg ETF analyst James Seyffart suggested the delay may be tied to the SEC’s ongoing efforts to create an internal framework for issuing crypto exchange-traded products.
The SEC doesn’t want to let anything launch under the 19b-4 process until they officially approve or come up with some framework for digital assets in the ETF wrapper,” Seyffart noted.
Bloomberg’s senior ETF analyst Eric Balchunas concurred with this observation.
The plot thickens. Upper level of SEC telling $GDLC it can't launch until otherwise notified. Not sure why, no other info than this letter. My guess tho: They want to issue the crypto ETP listing standards before any '33 act spot ETFs hit market with these other coins. So likely… https://t.co/Za7rYk1o0E— Eric Balchunas (@EricBalchunas) July 2, 2025
While the SEC greenlighted Bitcoin and Ethereum spot ETFs, it has yet to give the nod to other altcoin spot products, including those tracking the price of Solana, XRP, and Cardano. The Bloomberg analysts are confident the regulator will approve such crypto products by year-end, though.
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Is Ethereum’s spotlight fading just as Cardano’s starts to glow brighter?
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Cardano (ADA), one of the leading smart contract platforms, has been under intense selling pressure over the past few weeks, dragging its price close to the psychological support of $0.50. However, in a surprising twist, ADA bounced back sharply on June 24, 2025, posting a nearly 5% gain in a single day. This sudden spike has caught the attention of traders and long-term investors alike, raising the question: is Cardano finally bottoming out, or is this just a temporary relief rally? In this article, we dive deep into the daily chart patterns, key support and resistance levels, RSI momentum, and near-term price projections to assess whether ADA price is gearing up for a stronger recovery.Cardano Price Prediction: What’s Driving Cardano’s Latest Bounce?ADA/USD 1 Day Chart- TradingViewCardano’s recent price surge appears to be driven more by geopolitical headlines than by technical factors alone. A fragile sense of calm returned to global markets after U.S. President Donald Trump announced via Truth Social that he had brokered a ceasefire between Israel and Iran, effectively ending the 12-day conflict. This unexpected diplomatic breakthrough sparked a sharp rally across major cryptocurrencies, including Cardano price, as investor sentiment turned risk-on. ADA’s nearly 7% jump on June 24 reflects a broader relief rally across digital assets, as traders moved back into volatile markets amid hopes of de-escalation in the Middle East. While this bounce is fundamentally news-driven, it also aligns with ADA's technical rebound from key support levels, creating a short-term bullish setup. However, unless this geopolitical calm sustains and is supported by volume, the move could remain limited in scope.After a prolonged downtrend, Cardano (ADA) price has shown its first signs of life—bouncing nearly 7% to $0.58613 on June 24, 2025. The daily chart reveals a bullish Heikin Ashi candle with increasing body size, indicating growing buyer momentum. This recovery comes after ADA touched a critical support zone near $0.50, a level previously tested in March. But the question remains—is this a dead cat bounce or the beginning of a new rally?Are Technical Indicators Flashing Bullish?Relative Strength Index (RSI) on the daily chart is currently at 37.01, climbing from an oversold region (sub-30 zone) earlier this week. This uptick signals that bearish exhaustion may have occurred, and a potential bullish reversal is brewing. The RSI is also beginning to diverge upward from its moving average (yellow line), which adds to the reversal narrative.Heikin Ashi candles show a potential trend reversal with two consecutive green candles and no lower shadows—a classic short-term bullish signal.What Are the Key Support and Resistance Levels?Cardano price is now hovering just below the pivot resistance level at $0.59047, which is acting as immediate resistance. A confirmed breakout above this level could open the path toward the next Fibonacci retracement target at $0.63.Here's a quick breakdown of levels:
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