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Cardano rallies 18% on new development phase news, eyes $0.23-$0.25 resistance zone next

Technical Signals
07 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Cardano (ADA) surged 18.26% over the past week, driven by the network's shift to the Dijkstra development phase after completing the van Rossem upgrade. This news sparked bullish momentum, with Open Interest rising 40% despite fewer ADA holders, indicating strong speculative interest and whale activity. Technical indicators show a bullish swing structure since early July, with key support at $0.18-$0.19 and resistance expected at $0.23-$0.25. Further gains may depend on Bitcoin's performance above $67,300.

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