Cardano (ADA) may be laying the groundwork for a strong comeback, as fresh funding approval helps reverse recent weakness and adds fuel to a bullish long-term Cardano price outlook.
The ADA community has just greenlit a $70 million treasury allocation aimed at accelerating the next phase of the blockchain’s evolution.
Over the next 12 months, these funds will support Input Output Global (IOG) in delivering core upgrades focused on scalability, developer tools, and cross-chain interoperability, positioning Cardano to compete more aggressively in the next wave of crypto innovation.
Key initiatives include enhancements to Ouroboros Leios, Hydra scaling, Mithril, Nested Transactions, and Project Acropolis.
Collectively, these upgrades make the Cardano blockchain a more attractive platform for building, contributing to a thriving ecosystem and wider use case for ADA as a utility token.
The altcoin still suffers under the macro backdrop. The US Federal Reserve held interest rates steady in July, awaiting the effects of tariffs, while jobs data underwhelmed.
With the “reciprocal” tariff pause now over and higher levies on 92 countries set to take effect August 7, speculators see little chance of a September rate cut, further dulling risk appetite.
ADA Price Analysis: Is $10 Now in Focus?
With the immediate market-warming effect of the approval, Cardano could find the momentum it needs to continue its bull run with the breakout of a 2-month bull flag pattern.
ADA / USDT 4-hour chart, bull flag pattern. Source: TradingView, Binance.ADA is currently retesting a key breakout threshold at $0.75, a level that previously served as strong support before flipping into resistance.
This comes as momentum indicators lean bullish. The RSI has reclaimed bullish territory above the neutral line at 55, a sign that buyers currently overwhelm sellers.
The MACD line remains above the signal line on the 4-hour chart, signalling a short-term uptrend. However, with the histogram flattening out, momentum may be losing steam.
A clean break above $0.75 would confirm the bull flag breakout and open the door to reclaim resistance levels at $0.84 and $0.94.
Clearing these hurdles, the bull flag sets a breakout target around $1.10, marking a 46% Cardano price gain from current prices.
If $0.75 fails, the $0.69 support acts as the last barrier for a deeper correction, eying the start of the flagpole at $0.58—a real possibility with retaliatory tariffs likely to worsen economic uncertainty.
While this puts ADA one step closer to the $10 mark, the timeline remains long. The 12-month development roadmap and onboarding of new builders will gradually increase demand over time.
The potential approval of a Cardano spot ETF in October stands as a stronger near-term catalyst, opening the doors to new TradFi demand that could fast-track price discovery.
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