{"id":517634,"date":"2025-08-09T12:30:48","date_gmt":"2025-08-09T07:00:48","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=517634"},"modified":"2025-08-09T11:54:08","modified_gmt":"2025-08-09T06:24:08","slug":"cardano-why-adas-rally-to-1-20-may-be-just-beginning","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/","title":{"rendered":"Cardano – Why ADA’s rally to $1.20 may be just beginning"},"content":{"rendered":"

Key Takeaways<\/h2>\n

Bitcoin and Ethereum saw strong gains from the 5th of August. Cardano has followed in their footsteps, and clues from its price chart showed bulls have reason to remain hopeful.<\/em><\/p>\n

\n

Cardano [ADA]<\/a> saw a 4.88% price gain over the past 24 hours.<\/p>\n

The altcoin’s daily trading volume had also increased by a whopping 74%. Bitcoin [BTC]<\/a> was trying to climb past the $117.5K resistance, but has been unable to do so at press time.<\/p>\n

Will Cardano continue its rally regardless of BTC’s stalled momentum?<\/h2>\n
\"ADA<\/a>
Source: ADA\/USDT on TradingView<\/figcaption><\/figure>\n

Using the swing points from late June and July at $0.51 and $0.937, a set of Fibonacci retracement levels was plotted. It showed the 61.8% retracement level was at $0.673, and this level was nearly retested as support during the recent retracement.<\/p>\n

The June high at $0.73, a resistance two months ago, has been reclaimed as support. Highlighted in cyan, this area also had confluence from the moving averages on the daily chart.<\/p>\n

It was encouraging that Cardano saw a bullish reaction from this area. Additionally, the CMF was at +0.06, reflecting significant buying pressure. The MACD remained above the zero line and was on the verge of forming a bullish crossover again.<\/p>\n

The technical indicators and the price action on the 1-day chart reflected bullishness. A rally was likely to follow.<\/p>\n

The Fibonacci extension levels at $1.03 and $1.2 were the next targets. These levels lined up relatively well with strong horizontal levels from November to December 2024.<\/p>\n

\"Cardano<\/a>
Source: ADA\/USDT on TradingView<\/figcaption><\/figure>\n

On the 2-hour timeframe, Cardano was at the $0.78 level, which had served as resistance during the retracement toward the end of July. The ADA bulls appeared to have flipped this level to support.<\/p>\n

The MFI and the CMF supported this idea that Cardano was strongly bullish in the short-term.<\/p>\n

Hence, it was likely that Cardano offered a good buying opportunity now. It would maintain its bullish short-term outlook so long as it stayed above the $0.755 level.<\/p>\n

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

So long as Cardano prices stay above the $0.755 level, the short-term bias would remain bullish, and the altcoin can rally over the weekend.<\/p>\n","protected":false},"author":57,"featured_media":517667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,6379,18,66,3,23,4,20],"tags":[],"class_list":["post-517634","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-cardano-news","category-hide-cryptopanic","category-new-news","category-news","category-no-home","category-social","category-trading-view"],"acf":[],"yoast_head":"\nCardano - Why ADA's rally to $1.20 may be just beginning - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Cardano has a strongly bullish outlook on both the daily and the 2-hour timeframes. It offered a buying opportunity for short-term holders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano - Why ADA's rally to $1.20 may be just beginning - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"So long as Cardano prices stay above the $0.755 level, the short-term bias would remain bullish, and the altcoin can rally over the weekend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-09T07:00:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/08\/Editors-2025-08-09T114921.683.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Akashnath S\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SAkashnath\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Akashnath S\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"AnalysisNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/\"},\"author\":{\"name\":\"Akashnath S\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/26fe78e2620b888b1067a93dec3b5599\"},\"headline\":\"Cardano – Why ADA’s rally to $1.20 may be just beginning\",\"datePublished\":\"2025-08-09T07:00:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/\"},\"wordCount\":368,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Editors-2025-08-09T114921.683.jpg\",\"articleSection\":[\"Altcoin\",\"Analysis\",\"Cardano\",\"HideCryptopanic\",\"News\",\"News 1\",\"No Homepage\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/#respond\"]}],\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/\",\"name\":\"Cardano - Why ADA's rally to $1.20 may be just beginning - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Editors-2025-08-09T114921.683.jpg\",\"datePublished\":\"2025-08-09T07:00:48+00:00\",\"description\":\"Cardano has a strongly bullish outlook on both the daily and the 2-hour timeframes. It offered a buying opportunity for short-term holders.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Editors-2025-08-09T114921.683.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Editors-2025-08-09T114921.683.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Here's why a Cardano rally to $1.2 could be beginning\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/26fe78e2620b888b1067a93dec3b5599\",\"name\":\"Akashnath S\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/IMG-20240403-WA00082-e1712207583881-100x100.jpg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/IMG-20240403-WA00082-e1712207583881-100x100.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/IMG-20240403-WA00082-e1712207583881-100x100.jpg\",\"caption\":\"Akashnath S\"},\"description\":\"Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/akashnath-sumukar-2295ab164n\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/SAkashnath\"],\"knowsAbout\":[\"Technical Analysis\",\"Crypto Market Trends\",\"Crypto Market Analysis\"],\"jobTitle\":\"Senior Journalist\",\"worksFor\":\"AMBCrypto\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/akashnath-sumukar\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cardano - Why ADA's rally to $1.20 may be just beginning - AMBCrypto","description":"Cardano has a strongly bullish outlook on both the daily and the 2-hour timeframes. It offered a buying opportunity for short-term holders.","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/","og_locale":"en_US","og_type":"article","og_title":"Cardano - Why ADA's rally to $1.20 may be just beginning - AMBCrypto","og_description":"So long as Cardano prices stay above the $0.755 level, the short-term bias would remain bullish, and the altcoin can rally over the weekend.","og_url":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2025-08-09T07:00:48+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/08\/Editors-2025-08-09T114921.683.jpg","type":"image\/jpeg"}],"author":"Akashnath S","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/SAkashnath","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Akashnath S","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"AnalysisNewsArticle","@id":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/"},"author":{"name":"Akashnath S","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/26fe78e2620b888b1067a93dec3b5599"},"headline":"Cardano – Why ADA’s rally to $1.20 may be just beginning","datePublished":"2025-08-09T07:00:48+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/"},"wordCount":368,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/08\/Editors-2025-08-09T114921.683.jpg","articleSection":["Altcoin","Analysis","Cardano","HideCryptopanic","News","News 1","No Homepage","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/#respond"]}],"copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/","url":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/","name":"Cardano - Why ADA's rally to $1.20 may be just beginning - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/08\/Editors-2025-08-09T114921.683.jpg","datePublished":"2025-08-09T07:00:48+00:00","description":"Cardano has a strongly bullish outlook on both the daily and the 2-hour timeframes. It offered a buying opportunity for short-term holders.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/cardano-why-adas-rally-to-1-20-may-be-just-beginning\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/08\/Editors-2025-08-09T114921.683.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/08\/Editors-2025-08-09T114921.683.jpg","width":1920,"height":1080,"caption":"Here's why a Cardano rally to $1.2 could be beginning"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/26fe78e2620b888b1067a93dec3b5599","name":"Akashnath S","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/IMG-20240403-WA00082-e1712207583881-100x100.jpg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/IMG-20240403-WA00082-e1712207583881-100x100.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/IMG-20240403-WA00082-e1712207583881-100x100.jpg","caption":"Akashnath S"},"description":"Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories.","sameAs":["https:\/\/www.linkedin.com\/in\/akashnath-sumukar-2295ab164n\/","https:\/\/x.com\/https:\/\/twitter.com\/SAkashnath"],"knowsAbout":["Technical Analysis","Crypto Market Trends","Crypto Market Analysis"],"jobTitle":"Senior Journalist","worksFor":"AMBCrypto","url":"https:\/\/ambcrypto.com\/author\/akashnath-sumukar\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/517634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=517634"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/517634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/517667"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=517634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=517634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=517634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}