{"id":81947,"date":"2025-07-18T11:58:21","date_gmt":"2025-07-18T11:58:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=81947"},"modified":"2025-07-18T11:58:21","modified_gmt":"2025-07-18T11:58:21","slug":"cardano-ada-bulls-target-1-31-after-surpassing-0-85-mark","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=81947","title":{"rendered":"Cardano (ADA) Bulls Target $1.31 After Surpassing $0.85 Mark"},"content":{"rendered":"

TL;DR<\/p>\n

ADA breaks resistance at $0.74 and tests $0.85 as bulls push toward higher price levels.<\/span>
\nAnalysts eye $1.18 and $1.31 targets if ADA closes daily above the $0.85 breakout level.<\/span>
\nOpen Interest on ADA hits $1.65 billion, setting a new record and showing rising trader confidence.<\/span><\/p>\n

Cardano Holds Gains Near $0.85 After Breakout<\/h2>\n

Cardano (ADA) traded at $0.852 after rising 7% in 24 hours and 20% over the week. The move followed a breakout from a long downward trend, with buyers now pushing into higher price zones.<\/span><\/p>\n

Earlier resistance around $0.74 had held the price in check during multiple attempts this year. That level has now been breached. ADA <\/span>touched<\/span><\/a> nearly $0.78 last week before a brief pullback, but buyers stepped in again, pushing the price above $0.84 heading into the weekend.<\/span><\/p>\n

Analysts Watch the $0.85 Level for Confirmation<\/h2>\n

Crypto analyst Ali Martinez said a daily close above $0.85 could open the way toward $1.31. His view is based on earlier market structure and current momentum. ADA has cleared the $0.68 mark, which may now serve as support if prices remain above it.<\/span><\/p>\n

A daily close above $0.85 could propel Cardano $ADA<\/a> toward the next key resistance at $1.31! pic.twitter.com\/RVgw3yE9lr<\/a><\/p>\n

\u2014 Ali (@ali_charts) July 17, 2025<\/a><\/p>\n\n

Marcus Corvinus <\/span>noted<\/span><\/a> that ADA has exited a long-term descending channel and flagged $0.77 to $0.82 as the next zone to watch. He added that holding above $0.82 could shift attention to $1.18. On the downside, $0.68 and $0.58 are the nearest support zones in case of any pullback.<\/span><\/p>\n

Open Interest Pushes Higher With Price<\/h2>\n

Cardano\u2019s<\/a> recent gains are backed by rising interest in its futures market. Data from CoinGlass shows Open Interest (OI) on ADA has grown by 16% in the last 24 hours, reaching $1.65 billion, surpassing the previous record high of $1.50 billion set on January 18.<\/span><\/p>\n

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

Open Interest reflects capital tied to active trading positions. A steady rise often means traders are committing more capital, which can support ongoing moves. This increase adds weight to the recent price trend.<\/span><\/p>\n

In fact, with ADA <\/span>reclaiming<\/span><\/a> the $0.80 range and testing $0.85, traders are focused on whether it can close the day above that level.<\/span><\/p>\n

The post Cardano (ADA) Bulls Target $1.31 After Surpassing $0.85 Mark<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR ADA breaks resistance at $0.74 and tests $0.85 as bulls push toward higher price levels. Analysts eye $1.18 and $1.31 targets if ADA closes daily above the $0.85 breakout level. Open Interest on ADA hits $1.65 billion, setting a new record and showing rising trader confidence. Cardano Holds Gains Near $0.85 After Breakout Cardano […]<\/p>\n","protected":false},"author":0,"featured_media":81948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81947","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\/81947"}],"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=81947"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/81948"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}