Cardano News: ADA Retesting 200 EMA, Will the Price Continue Its Momentum?

Cardano news is heating up after a successful retest of the 200-day Exponential Moving Average (EMA), following a 32% uptick. Additionally, ADA’s social media engagement has recently reached a 7-month high, signaling a positive outlook for the asset amid the current market sentiment.

Cardano news: ADA’s Social Activity Soars

Recently, a well-followed crypto expert shared a post on X (formerly Twitter), noting that ADA is heating up on social media, with its engagement reaching a 7-month high, surpassing the last peak recorded in December 2024.

This is considered a bullish signal, especially when market sentiment is positive and the asset is in an uptrend, which is the case for ADA.

ADA Price Action and Bold Predictions

Not only that, but the expert has also shown strong interest in the token. On July 13, 2025, a prominent crypto expert shared a post on X, noting that ADA appears to be breaking through a key resistance level within a the descending channel pattern, as shown in the post.

Additionally, the expert made a bold prediction that if this breakout is successful, it could open the door for a rally toward the $0.90 and $1.20 levels shortly. The post gained widespread attention from crypto enthusiasts and spread like wildfire.

When combining the recent Cardano news, such as the successful retest of the 200-day EMA and a 7-month high in social media engagement, ADA is bullish and poised for significant upside momentum.

However, ADA recently traded near $0.72 and witnessed a price drop of 0.73%. This decline was notable as the asset hit an intraday low of $0.6902 but is now recovering.

Due to this notable price fluctuation, investor and trader participation has plummeted significantly, resulting in a 60% drop in trading volume compared to the previous day.

Cardano (ADA) Technical Analysis and Price Prediction

Despite the drop in trading volume, the expert’s technical analysis suggests that ADA is in an uptrend and is now poised to continue its upward momentum.

In the daily timeframe following the recent price dip, the asset successfully retested the 200-day EMA and broke out of the local resistance level at $0.715. This breakout has opened the path for ADA to sustain and build on its upside momentum.

Based on recent price action and historical patterns, Cardano’s price could soar by 15% and reach the $0.84 level soon.

However, the asset must maintain a price above the $0.715 level for this to happen. Failing to do so could result in a loss of momentum and a potential price drop.

Apart from this, ADA’s Relative Strength Index (RSI) stands at 70, indicating that the asset is approaching overbought territory, which could signal a potential price correction or consolidation in the short term if buying pressure slows down.

$7.50 Million Worth of ADA leaves Exchanges

Given the current market sentiment and the bullish Cardano news, investors and traders have begun accumulating the token, as the on-chain analytics firm Coinglass revealed.

Data from spot inflow/outflow shows that exchanges across the crypto landscape have recorded an outflow of $7.50 million worth of ADA tokens.

In the current market structure, such outflows suggest potential accumulation and could create buying pressure, helping ADA sustain its upward momentum.