Cardano's (ADA) price has experienced a remarkable 65% surge in recent weeks. While ADA was trading around $0.54 at the end of June, it reached $0.90 by early July — its highest level since March. This strong performance indicates that Cardano may once again be setting its sights on the psychologically significant $1 barrier.

Price Overview: Cardano‘s Rally in July

Cardano (ADA) showed a clear trend reversal in early July when it broke out of a prolonged downward trend. Analysts identified a classic 'double bottom' pattern — a formation often considered a bullish signal in technical analysis. The price rebounded from the $0.60 region and began a steady climb, with a notable daily gain of over 4% on 15 July. ADA approached $0.90, just below a major resistance level that previously served as a turning point in March.

The $0.85 to $0.90 zone now acts as a critical threshold. A decisive breakout above it could pave the way for a move toward the psychological $1 mark.

Surge in Long Positions and Whale Activity

Data shows that traders are increasingly betting on further gains:

• Long positions in ADA have surged, with Binance reporting a jump from 66% to 77% in a short period.
• Large investors (‘whales‘) are active — hundreds of transactions above $1 million have been recorded over the past week.

Key Drivers Behind ADA‘s Bullish Momentum

1. Technical Breakout
The breakout above $0.65 serves as a strong bullish signal. This level had acted as resistance for weeks but was convincingly breached in early July. Technical analysis now points to a potential move toward $1.08 — a zone that has historically marked several price reversals. If Cardano manages to break through the $0.90 level and maintain trading volume, further upside toward that target becomes likely.

2. Fundamental Catalysts
The Cardano ecosystem is buzzing with developments. A standout is the launch of Midnight — a Cardano sidechain focused on privacy-based applications. This initiative is drawing attention from both developers and investors who are optimistic about the future of privacy-integrated blockchain platforms.

Another key development is the introduction of Reevo, an enterprise tool for reporting and data management. These innovations indicate that Cardano is looking beyond the crypto-native world, targeting broader real-world adoption by governments, corporations, and institutions.

3. Positive Market Sentiment
Cardano appears to be benefitting from a broader rotation into altcoins following Bitcoin‘s recent all-time high. As Bitcoin enters a consolidation phase, investors are turning their focus to alternative assets with strong fundamentals — with Cardano near the top of that list.

Institutional sentiment is also improving. Lower inflation expectations, the possibility of interest rate cuts, and increasing capital flows into crypto markets have all contributed to growing interest in solid blockchain projects like Cardano.

What Can We Expect from ADA Next?

Scenario	What Could Happen?
Bullish	ADA breaks $1, with potential next resistance around $1.20.
Neutral	Consolidation between $0.85–$0.95, followed by a cautious breakout.
Bearish	Support drops to $0.55–$0.60, testing renewed investor interest.

Technical indicators like RSI and MACD continue to trend upward, supporting further gains. Meanwhile, rising long positions and heightened whale activity reinforce the potential for a sustained bull run.

What Needs to Happen for ADA to Reach $1?

For Cardano to confidently break the $1 barrier, the following must occur:

• The price must hold above the $0.85–$0.90 range to confirm the breakout and strengthen investor confidence.
• Institutional inflows must continue — both from whales and investment funds.
• Technical support between $0.65–$0.70 must remain intact.
• Macro and ecosystem developments, including upgrades, real-world applications, and regulatory clarity, must stay supportive.

Conclusion: Momentum Builds Toward a Critical Breakout

Cardano is currently in a strong uptrend — up 65% in a short time — supported by bullish technicals, rising investor positioning, and growing institutional interest. The main hurdle remains the psychologically important $1 level.

If ADA continues to trade above $0.90 and maintains support, a breakout toward $1 looks increasingly realistic. A successful move beyond that could open the door to further gains, with $1.20 as the next target.

For now, all eyes are on whether this positive momentum — both technical and fundamental — can be sustained.