š [July 31] ADA Showing Signs of Recovery ā Can It Kickstart August?
- Chris Ciari
- Jul 31
- 2 min read
š [July 31] ADA Showing Signs of Recovery ā Can It Kickstart August?
Hi everyone!This is ASY Ashiya Pool checking in again š
After this morningās dip, weāre seeing some early signs of life from ADA.Itās not a full breakout yet, but the movement is encouraging ā and could set us up nicely for August.
š Current ADA Stats (as of July 31)
1 ADA = $0.7819
Market Cap: $28.53 billion
ā¬ļø Up about $1 billion from this morning
BTC Dominance: 61.4%Ā (down 0.3%)
š Why Is ADA Recovering?
After briefly dipping to the $0.75 range, ADA has started to bounce back ā and faster than expected.Hereās why we think that happened:
Bitcoinās price action has stabilized
BTC dominance dropped slightly, allowing room for altcoins to breathe
ADA trading volume is slowly picking up
Itās not a confirmed trend yet, but it's definitely a good sign.
š® Whatās Next for ADA?
The immediate goal is to break above $0.79.If we can do that, the next key resistance lies in the $0.81 range.
If ADA can reclaim that zone, it would be a strong signal heading into August.
š What to Watch For:
ADA stabilizing above $0.81ā0.83
BTC dominance falling below 60%
News about the Midnight airdrop or $DUST tokenĀ to boost momentum
š¢ ADAās Style? Slow and Steady Wins the Race
Unlike flashy meme coins or hype-driven tokens, Cardano and ADA tend to move slowly, but with purpose.
With upgrades like Midnight, Hydra, and the $DUST airdropĀ all on the way, this current price range may be less of a "dip" and more of a "setup" ā a foundation for the next move.
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Support children with disabilities
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