{"id":80035,"date":"2025-07-11T11:50:20","date_gmt":"2025-07-11T11:50:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=80035"},"modified":"2025-07-11T11:50:20","modified_gmt":"2025-07-11T11:50:20","slug":"ada-soars-15-daily-but-is-this-just-the-beginning-of-a-bigger-rally","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=80035","title":{"rendered":"ADA Soars 15% Daily: But Is This Just the Beginning of a Bigger Rally?"},"content":{"rendered":"

TL;DR<\/p>\n

Cardano allocates $15M to adoption, partnering with NASA, FC Barcelona, and the UNDP in 2024.<\/span>
\nADA gains 23% weekly as bullish momentum builds and traders eye $0.86 and $1.32 resistance levels.<\/span>
\nWhales acquire 120M ADA amid rising ETF approval odds, now at 89% per Polymarket data.<\/span><\/p>\n

Cardano Foundation Boosts Spending in 2024<\/h2>\n

Cardano Foundation, a non-profit supporting the Cardano blockchain, reported spending $22.1 million across its core areas last year. This marks a 15% increase from 2023, when the foundation spent $19.22 million.\u00a0<\/span><\/p>\n

The spending was directed toward adoption, operational resilience, and education, according to a <\/span>report<\/span><\/a> available via the Reeve on-chain tool.<\/span><\/p>\n

More than half of the 2024 budget $15 million, was allocated to adoption efforts. These included partnerships with global organizations such as NASA, FC Barcelona, and the United Nations Development Programme. The goal was to drive real-world use cases of the Cardano network through these collaborations.<\/span><\/p>\n

ADA Sees Price Increase Amid Bullish Momentum<\/h2>\n

Cardano (ADA) was trading at $0.72 at press time, with a 24-hour trading volume of $1.5 billion. The token has gained 15% in the past day and 23% over the last seven days. This growth follows a broader trend of rising interest in ADA, especially after the foundation\u2019s reported increase in ecosystem investment.<\/span><\/p>\n

Interestingly, technical analysts have raised the probability of a bullish reversal to 40%, suggesting that the correction phase may be over. For this scenario to unfold, ADA must break above resistance at $0.86. A further move above $1.32 would confirm the next upward wave, signaling a continuation of the current trend.<\/span><\/p>\n

<\/a>Source: TradingView<\/p>\n

Ali Martinez also weighed in on the matter, indicating<\/a> that ADA is currently sitting at the bottom of a parallel channel. The last time something similar occurred, the asset\u2019s price flew by over 50%, as it happened in April.<\/p>\n

Whales Accumulate ADA as ETF Hopes Grow<\/h2>\n

As CryptoPotato <\/em>recently <\/span>reported<\/span><\/a>, large investors holding between one and ten million ADA acquired 120 million tokens in the past two weeks. This purchase amounts to over $71 million, bringing their total holdings to 5.57 billion ADA\u2014about 15.4% of the total circulating supply.<\/span><\/p>\n

Market attention is also on a potential spot ADA ETF in the United States. If approved, the product would offer traditional investors exposure to ADA through regulated brokerage platforms. Polymarket data <\/span>shows<\/span><\/a> the approval odds have increased from 56% in early July to 89% as of now.<\/span><\/p>\n

<\/a>Source: Polymarket<\/p>\n

However, while momentum builds, key price levels remain in focus. A break above $0.86 would strengthen the bullish case. The $1.32 mark is being monitored as the next resistance level. On the downside, support is expected near $0.31 if a pullback occurs.<\/span><\/p>\n

The post ADA Soars 15% Daily: But Is This Just the Beginning of a Bigger Rally?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Cardano allocates $15M to adoption, partnering with NASA, FC Barcelona, and the UNDP in 2024. ADA gains 23% weekly as bullish momentum builds and traders eye $0.86 and $1.32 resistance levels. Whales acquire 120M ADA amid rising ETF approval odds, now at 89% per Polymarket data. Cardano Foundation Boosts Spending in 2024 Cardano Foundation, […]<\/p>\n","protected":false},"author":0,"featured_media":80036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80035"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80035"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/80036"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}