Signs of rotation are emerging, and analysts are watching a critical metric — Bitcoin dominance — for confirmation. If it breaks down, altcoins may finally have room to rally after months of suppression.

Cardano (ADA) is among the standout performers. Currently hovering near $0.85, the asset is showing early technical signals that resemble setups from previous bull runs.

On higher timeframes, ADA has reclaimed major moving averages and flipped key indicators bullish — a rare combination that historically precedes strong price moves.

Analysts now see the $1.00 to $1.25 range as a crucial breakout zone. Surpassing this level could shift Cardano into a longer-term uptrend, opening the door for broader market participation. Still, the rally remains concentrated in legacy projects like ADA, with no clear new trend yet dominating the NFT or memecoin space.

As Ethereum and altcoins perk up while Bitcoin stalls, market participants are watching closely. The next few weeks could decide whether this rotation is a brief uptick — or the start of something much bigger.

The post Cardano Eyes Breakout While Market Rotation Quietly Begins appeared first on Coindoo.

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Filed under: Bitcoin - @ July 21, 2025 3:31 pm