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Cardano (ADA) has surged in price, posting a massive green candlestick that crypto traders might call a "god candle" — a significant surge that sends the price soaring in a single session. In the last 24 hours alone, ADA has increased, reaching $0.935, its highest level in months, specifically since early March 2025.
This spectacular increase has reignited bullish sentiment, as ADA inches closer to the critical psychological milestone of $1.
The unexpected surge saw ADA rally sharply from around $0.841 to $0.92 within a single trading session. The sudden move triggered a wave of buying momentum, fueled by both retail investors and traders reacting to the breakout.
Trading volume has also increased across spot exchanges, up 91.64% in the last 24 hours to $2.45 billion, per CoinMarketCap data, indicating the strength of the rise and implying that this rally may continue.
Resistances obliterated
The recent move surpassed key resistances that had previously limited ADA's price, especially the $0.8645 and $0.896 levels, which capped ADA's rise in May 2025 and, most recently, on July 18, respectively.
The breakout came after weeks of very low volatility, resulting in a coiled-spring effect that eventually snapped in the bulls' favor.
If ADA reaches $1, it would kickstart a fresh uptrend for ADA price, with the potential to reach $2 and hit the $3.1 all-time high attained on Sept. 2, 2021. ADA was recently trading at $0.922, up 6.35% in the last 24 hours and 23.19% weekly. Cardano is up 61.89% so far in July.
Cardano maintains steady growth and activity across its ecosystem. There are now 2,006 projects building on Cardano, while the number of delegated wallets remains strong at 1.33 million, reflecting continued network engagement. Transaction volume increased to 111.56 million, indicating sustained on-chain usage.
Vladislav Sopov
U.Today Editorial Team