Cardano Price To $1.2? Here’s Bullish Case As New ADA Pair Goes Live on Bitrue

Cardano (ADA) price has gained renewed attention after breaking a resistance level.

Notably, leading cryptocurrency analysts are suggesting a price move toward $1.20 in the long term

The optimism grew further after Bitrue exchange introduced a new ADA trading pair on July 13, fueling expansion claims.

Cardano Price Breaks Resistance, Analysts See Room to Climb

Cardano drew market interest on July 13 after it briefly pushed past a resistance zone at $0.74 that had capped its price for weeks.

The breakout raised hopes of a more decisive move upward, with some analysts pointing to a possible run toward $1.20.

Leading crypto analyst Ali Martinez wrote on X that Cardano price is breaking through a key resistance level.

According to his chart, this development has opened the door for a rally to $0.90–$1.20!.

His post followed a similar update by another analyst, CryptoJelleNL, who posted a chart showing Cardano price lifting out of its range and forming higher lows.

These updates sparked fresh attention across the crypto community. ADA, which had been trading between $0.38 and $0.45 for much of June, jumped on the news and briefly touched $0.47 during the day.

The move marked one of the coin’s strongest sessions in recent weeks, supported by a rise in trading volume.

Cardano has often been viewed as a long-term project focused on careful development.

While price action tends to move in cycles, breakouts like this one often draw speculative interest, especially when backed by chart patterns.

The recent price lift came at a time when several altcoins were trying to regain momentum after a quiet start to the third quarter.

It is essential to add that Cardano’s network activity and development progress may also be contributing to renewed confidence.

Bitrue Adds ADA/USD1 Pair to Expand Market Options

In a separate but related development, crypto exchange Bitrue announced the launch of a new ADA/USD1 trading pair on July 13.

Notably, this listing of USD1 has ties to World Liberty Financial and the Trump Family.

The listing allows users to trade Cardano directly against the US dollar-pegged stablecoin, giving traders more flexibility.

The ADA/USD1 pair is now available for spot trading on the platform. This listing comes as exchanges continue to adjust to changing market preferences.

This becomes necessary as more users look for stablecoin pairings to manage volatility.

By adding a stable and growing token like USD1 as a trading pair, Bitrue has opened the door to smoother entries and exits for ADA holders.

It also gives traders another option beyond BTC or ETH pairs, which can sometimes complicate trades due to price swings.

Bitrue’s update did not trigger immediate changes in ADA’s price, but it could help support liquidity over time.

Easier trading options often attract new users and increase trading volume, particularly when tied to stablecoins.

The underlying benefit for the Cardano ecosystem may be embodied in price hikes in the longer term.

Ecosystem Growth Continues as Developers Focus on Scaling

It is worth mentioning that behind the price action and exchange listings, Cardano’s broader ecosystem has stayed active.

Developers are working on features aimed at improving scalability, such as the Hydra upgrade, and supporting the growth of decentralized applications.

Likewise, several projects on Cardano have continued to build through the bear market, contributing to a stable base of activity.

While short-term price moves grab headlines, the ongoing work within the network plays a key role in shaping investor expectations.

It is essential to add that as of mid-July, Cardano price remains in focus, driven by chart signals, analyst commentary, and growing exchange support.

The post Cardano Price To $1.2? Here’s Bullish Case As New ADA Pair Goes Live on Bitrue appeared first on The Coin Republic.