Cardano Price News: ADA Outperforms Most Top 10 Cryptos – Can It Make it to $1?

Cardano (ADA) has gone up by 28.2% in the past 7 days, which makes it the second best performing asset in the top 10 behind XRP (XRP), whose gains during this period stood at 32.6%.

Trading volumes in the past 24 hours have doubled and currently sit at $2.4 billion, accounting for almost 9% of the token’s circulating market cap.

Volumes have stood above the $1 billion mark for 8 days in a row. This is a valuable detail as it confirms a bullish outlook for the token following a major breakout off its descending price channel setup.

This project has been making some efforts to increase the transparency of the Cardano Foundation’s treasury to improve the public’s perception as this war chest is currently valued at more than $700 million.

They recently launched a decentralized app called Reeve that gives institutions an alternative to report their finances and record them on the Cardano distributed ledger for additional transparency.

On-Chain Data Remains Heavily Depressed

Despite the latest rally, the Cardano blockchain is not showing signs of bullish activity as the daily active users metric has been relatively in line with its historical averages for the past three months except for some isolated single-day spikes. On a year-to-date basis, this metric reports a 27.4% decline.

Meanwhile, daily transactions have also been trending lower since 2025 started. Thus far, they have retreated by nearly 39%, moving from 423,000 to 259,000.

Cardano Daily Transactions (YTD) – Source: Artemis

This indicates that, despite Cardano’s latest efforts, its ecosystem is still not growing at a pace that justifies the latest gains that its native asset has experienced.

The network’s total value locked (TVL) confirms this view as this metric has booked a 9.2% decline on a year-to-date basis when expressed in ADA rather than USD. This is a more accurate way to measure ecosystem growth as speculative behavior in the crypto market tends to distort the TVL.

ADA is On Track to Hit Our Latest Target

In our latest price prediction, we set a short-term target for ADA at $0.87 after this breakout. The price is just 9.3% away from that mark and this signal has already delivered a 12.2% gain since the article came out.

ADA/USD Daily Chart (Coinbase) – Source: TradingView

One more powerful buy signal has already been confirmed as well as the 9-day exponential moving average (EMA) has crossed above the 200-day EMA.

Paired with another bullish crossover by the 21-day EMA, this could justify an increase in the short-term target for ADA to at least $1 per token.

This would be a key psychological threshold at which selling pressure has increased in the past. If the price manages to break above $0.87, a move toward this level will be highly likely.

Right now, a retest of the 200-day EMA may be expected. If this happens, it would provide an attractive entry for late buyers. The rally will likely raise the necessary fuel for its next leg up and for a move toward the $0.87 target.

The Relative Strength Index (RSI) has entered overbought levels already, meaning that the trend’s strength is quite high. A pullback is justified but bulls are still in full control of the price action.