Cardano Price Prediction: ADA On Track to Hit $0.87 After Huge Breakout

Author: Alejandro Arrieche

Published: July 11, 2025

Key Highlights

• Cardano (ADA) has seen a significant increase in trading volumes, more than doubling in the last 24 hours.
• The token has experienced a rally with over 20% gains in a single day, contributing to a 30% increase over the past week.
• ADA's year-to-date losses have been reduced to just 11%.

Market Activity

Cardano has emerged as a leading performer among the top 10 cryptocurrencies, with a notable increase in trading volumes that now account for 8% of its circulating supply. This surge is attributed to a potential short squeeze in the market.

Transaction Volumes and Ecosystem Development

Despite the recent price rally, Cardano's weekly transaction volumes have not shown a significant spike, indicating that efforts to expand its ecosystem of decentralized applications (dApps) have yet to yield substantial results. Weekly on-chain transactions peaked earlier in the year but have since declined.

DeFi and Total Value Locked (TVL)

Cardano's Total Value Locked (TVL) has dipped below $300 million, significantly trailing behind competitors like Solana, which boasts a TVL of $9.3 billion. Bitcoin also surpasses Cardano with a DeFi TVL of $7 billion, highlighting the need for Cardano to enhance its DeFi offerings.

Technical Analysis and Price Outlook

Technical indicators suggest a bullish outlook for ADA. The token has shown a 'golden cross' pattern with the 9-day and 21-day exponential moving averages (EMAs), and it has recently traded above the 200-day EMA. The Relative Strength Index (RSI) indicates that ADA is in overbought territory, reinforcing the bullish sentiment.

Analysts predict that ADA could retest the external liquidity level at $0.87, which represents a significant swing high. A successful retest of the 200-day EMA is also anticipated, providing potential entry points for late buyers aiming for the psychological $1 threshold.

Conclusion

Cardano's recent price movements and trading activity suggest a positive trend, but the blockchain must continue to develop its ecosystem and improve its DeFi metrics to maintain momentum and attract more users and investors.