The post ADA Eyes Resistance Breakout Following 7% Jump appeared on BitcoinEthereumNews.com.

Key Notes ADA price is up over 7% this week, trading at $0.59, but remains 50% below the March peak. Cardano whale activity and $0.70 resistance limit upside momentum. Cardano Foundation has launched Reeve to boost institutional interest and add extra utility to the chain. Cardano ADA $0.58 24h volatility: 1.0% Market cap: $20.89 B Vol. 24h: $581.68 M price is gaining attention in the crypto market again. ADA rose by more than 7% this week to $0.59 and is now approaching a key resistance point at $0.60. Even with this gain, it is still almost 50% below its high from March. Interest is growing on the protocol because of Cardano’s new project, Reeve. Meanwhile, in an earlier update, Coinspeaker reported that ADA broke the critical $0.50 support level amid raging volatility. CoinMarketCap data indicates that this latest increase has pushed the asset’s market value above $21 billion. ADA Shows Weekly Growth,but Larger Picture Remains Unclear Still, the broader trend tells a different story. Over the past month, ADA has remained down by 11.9%. This decline continues to weigh on investor sentiment, especially since the coin is still trading nearly 50% below its yearly peak of $1 in early March. Despite several attempts by buyers to return to that mark, each effort has lost momentum before making any significant progress. The challenge is primarily tied to selling pressure from whale wallets. For context, these are investors holding large amounts of ADA. These large holders often sell during small rallies, stopping any potential breakout in its tracks. Market analysts say July could be a turning point for Cardano price. The wider crypto market is showing signs of renewed strength heading into the third quarter. For Cardano, the next major test is at $0.70, which now stands as the most formidable resistance…

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Filed under: News - @ July 9, 2025 12:21 pm