Prediction for Cardano (ADA) Price as of July 31st
Cardano (ADA) Holds Steady Amidst Bullish Long-Term Projections
Cardano (ADA) is currently trading at $0.7578, a 2.43% decrease from its price yesterday. Despite this minor setback, the cryptocurrency is holding above the support of $0.7622, and analysts remain optimistic about its future.
According to CoinStats and Cardano expert Denys Serhiichuk, Cardano is expected to show a positive price trend in the near future, albeit with some volatility risks. If the current situation persists, a test of the $0.75 mark for Cardano (ADA) is expected by the end of the day.
Should the daily candle close below $0.76, a move to the $0.70 zone for ADA is possible. However, if ADA maintains support above the 200-day EMA and clears resistance near $0.75–$0.77, it may first retest $0.92 and then potentially rise toward targets between $1.10 and $1.32 within August.
Denys Serhiichuk’s analysis from CoinCentral further supports this bullish outlook, pointing to a bullish momentum extending into August 2025, driven by network improvements like the Midnight protocol and DeFi partnerships. This could push ADA’s price beyond $1.15, representing a potential 48% gain from current levels near $0.77.
Artificial intelligence models also weigh in with a slightly more conservative range, forecasting ADA to fluctuate between $0.82 and $1.05 by the end of August, contingent on Bitcoin holding above key support around $105,000.
In summary, the consensus between CoinStats and Denys Serhiichuk’s views is a cautiously optimistic outlook for ADA with possible price advances above $1.10–$1.15 in August 2025, assuming bullish momentum and technical supports hold. However, a breakdown below key support levels could prompt short-term pullbacks toward the $0.55–$0.70 zone.
Traders should pay attention to the candle's closure in terms of the previous bar's low. If the candle's closure is below $0.76, a test of the $0.70 mark for Cardano (ADA) is expected soon.
- Investors may find opportunities in price prediction for Bitcoin, as its current performance can influence the overall crypto market, including Cardano (ADA).
- The price of Cardano (ADA) is anticipated to show a positive trend in the near future, reaching targets between $1.10 and $1.32 within August, according to Denys Serhiichuk's analysis.
- As Cardano (ADA) trading relies on both technical analysis and market sentiment, keeping an eye on Bitcoin's price and key support levels is crucial for making informed investment decisions.
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