Cardano News on July 17, 2025: Can ADA Hit $1?

Cardano trades near $0.74 on July 17, 2025. Will its bullish momentum hold?

Cardano (ADA) is back in the spotlight on July 17, 2025, capturing the attention of crypto traders and investors alike. Priced around $0.74, it’s riding the wave of a 39% surge in July, solidifying its place among top altcoins. But can this momentum push ADA to the $1 mark? Let’s dive into the trends, market data, and what’s next for Cardano. July has been a breakout month for Cardano. After dipping to $0.51 in late June, ADA staged a strong recovery, peaking at $0.7678. Much of this rally ties back to the Plomin Hard Fork in Q1 2025, which introduced fully decentralized governance, boosting investor confidence. This milestone has positioned Cardano as a leader in community-driven blockchain projects. But is this enough to outshine its competitors? Technically, ADA has broken free from a months-long descending channel, forming a symmetrical triangle pattern. A recent golden cross between the 9-day and 200-day EMAs signals strong bullish momentum. The RSI on daily charts is nearing 66, reflecting buyer strength but flirting with overbought territory, hinting at a possible short-term pullback. If ADA fails to breach the $0.80 resistance, support levels at $0.68 and $0.64 could come into play. Trading volume, reaching $1.45 billion in the last 24 hours, shows robust market activity. Recent developments are fueling the hype. The launch of the Cardano Card by Emurgo, Cardano’s commercial arm, allows users to spend ADA globally while earning DeFi-based rewards. Active addresses on the network have climbed to 38,500, signaling growing user engagement. Speculation around Cardano ETF approvals, with applications from firms like Grayscale and a 76% approval probability, is also driving optimism. Yet, a 12.8% drop in trading volume and an 11.2% decline in open interest suggest momentum might be cooling temporarily. Fundamentally, Cardano’s research-driven approach and focus on decentralization set it apart. Founded by Ethereum co-founder Charles Hoskinson, the network processed over 70 million transactions last year, with its DeFi ecosystem boasting $350 million in total value locked. Critics, however, label it a “ghost chain” due to its modest $32 million stablecoin supply compared to rivals. Could this hold back its long-term growth? Risks are worth noting. Heavy whale accumulation last week, paired with a $5 million token transfer to exchanges, raises concerns about potential profit-taking. Competition from blockchains like Solana and Ethereum could also weigh on Cardano. Still, some analysts predict ADA could hit $1.2 or even $2 by the end of 2025 if the broader crypto market stays bullish. For investors, timing is everything. Jumping in now might carry risks if a short-term correction looms. Waiting for price consolidation or a confirmed breakout could be smarter. Cardano remains a high-potential project, but patience and careful analysis will be key to navigating its next moves.