{"id":80908,"date":"2025-07-17T05:39:42","date_gmt":"2025-07-17T05:39:42","guid":{"rendered":"https:\/\/34.235.164.77\/?p=80908"},"modified":"2025-07-17T05:39:43","modified_gmt":"2025-07-17T05:39:43","slug":"ada-soars-15-daily-but-is-this-just-the-beginning-of-a-bigger-rally","status":"publish","type":"post","link":"https:\/\/ajmantribune.com\/ar\/ada-soars-15-daily-but-is-this-just-the-beginning-of-a-bigger-rally\/","title":{"rendered":"ADA Soars 15% Daily: But Is This Just the Beginning of a Bigger Rally?"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Cardano allocates $15M to adoption, partnering with NASA, FC Barcelona, and the UNDP in 2024.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">ADA gains 23% weekly as bullish momentum builds and traders eye $0.86 and $1.32 resistance levels.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Whales acquire 120M ADA amid rising ETF approval odds, now at 89% per Polymarket data.<\/span><\/li>\n<\/ul>\n<h2><b>Cardano Foundation Boosts Spending in 2024<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">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<p><span style=\"font-weight: 400;\">The spending was directed toward adoption, operational resilience, and education, according to a <\/span><span style=\"font-weight: 400;\">report<\/span><span style=\"font-weight: 400;\"> available via the Reeve on-chain tool.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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<h2><b>ADA Sees Price Increase Amid Bullish Momentum<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">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<p><span style=\"font-weight: 400;\">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<figure id=\"attachment_403773\" aria-describedby=\"caption-attachment-403773\" style=\"width: 2408px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-403773\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.08.33.png\" alt=\"ADA price chart\" width=\"2408\" height=\"832\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.08.33.png 2408w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.08.33-300x104.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.08.33-1024x354.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.08.33-768x265.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.08.33-1536x531.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.08.33-2048x708.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.08.33-50x17.png 50w\" sizes=\"(max-width: 2408px) 100vw, 2408px\"><figcaption id=\"caption-attachment-403773\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>Ali Martinez also weighed in on the matter, indicating 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<h2><b>Whales Accumulate ADA as ETF Hopes Grow<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As <em>CryptoPotato <\/em>recently <\/span><span style=\"font-weight: 400;\">reported<\/span><span style=\"font-weight: 400;\">, 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<p><span style=\"font-weight: 400;\">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><span style=\"font-weight: 400;\">shows<\/span><span style=\"font-weight: 400;\"> the approval odds have increased from 56% in early July to 89% as of now.<\/span><\/p>\n<figure id=\"attachment_403772\" aria-describedby=\"caption-attachment-403772\" style=\"width: 1790px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-403772\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.06.56.png\" alt=\"ADA ETF approval prediction\" width=\"1790\" height=\"956\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.06.56.png 1790w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.06.56-300x160.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.06.56-1024x547.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.06.56-768x410.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.06.56-1536x820.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-11-at-14.06.56-50x27.png 50w\" sizes=\"(max-width: 1790px) 100vw, 1790px\"><figcaption id=\"caption-attachment-403772\" class=\"wp-caption-text\">Source: Polymarket<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">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<p>The post ADA Soars 15% Daily: But Is This Just the Beginning of a Bigger Rally? appeared first on CryptoPotato.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>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, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":80909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-80908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/posts\/80908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/comments?post=80908"}],"version-history":[{"count":1,"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/posts\/80908\/revisions"}],"predecessor-version":[{"id":81201,"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/posts\/80908\/revisions\/81201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/media\/80909"}],"wp:attachment":[{"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/media?parent=80908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/categories?post=80908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ajmantribune.com\/ar\/wp-json\/wp\/v2\/tags?post=80908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}