ADA Tests $0.75 Support as Cardano Builds: Treasury Upgrades, Enterprise Reporting, and Scaling Solutions

By ETHNews
24 days ago
MITH ADA NIGHT RES ADASOL
  • New ecosystem tools: Intersect’s treasury framework with multi-sig oversight, Reeve’s tamper-proof financial reporting, and Acropolis’ developer accessibility improvements.
  • Technical view: ADA tests $0.75 support. Reclaiming $0.81 resistance could target $0.97; $0.70 break risks $0.65 retest.

As of July 30, 2025, Cardano (ADA) trades near $0.758, down ~3% in the last day and ~16% for the week, despite a 31% gain over the month.

ADAUSDT_2025-07-30_10-09-15
SOurce: ADA/Tradingview

Cardano remains active on the development front. Founder Charles Hoskinson has reaffirmed bullish long-term sentiment, pointing to privacy-focused projects like Midnight as potential growth catalysts.

The network currently supports over 2,000 projects with 1.34 million delegated wallets, indicating sustained community engagement. Upcoming ecosystem catalysts include the CONF3RENCE 2025 event in September and growing speculation about an ADA spot ETF, which could drive institutional inflows. Cardano is also enhancing interoperability with BTC DeFi integrations, Layer 2 solutions, and partnerchain expansions.

Ecosystem & News Updates:

  • The Cardano Community Digest (July 22) highlighted expanded learning resources, 39 treasury proposals under discussion, and a CEO AMA that provided clarity on governance and future protocol goals.
  • The Weekly Development Reports from mid-July show preparation for the Dijkstra era, progress on Mithril certificate synchronization, and Hydra roadmap updates. These advancements target scaling, efficiency, and high-throughput performance.
  • Intersect has launched a smart contract framework for treasury management, improving transparency with multi-signature permissions and an independent oversight committee to audit community-approved fund distribution.
  • The Reeve platform (launched July 8) offers enterprise-grade on-chain financial reporting, designed to integrate with ERP systems and provide tamper-resistant corporate records—strengthening institutional trust.
  • Developer accessibility is a major theme with Project Acropolis, transitioning Cardano nodes to modular architecture, lowering entry barriers for dApp development without compromising security.

Technical Analysis

Price is consolidating at $0.75–$0.76, having broken below the 200 SMA recently. Immediate support sits around $0.74–$0.72, with deeper support at $0.70. Resistance levels are at $0.81 and $0.85. RSI is neutral, suggesting neither overbought nor oversold conditions.

ADAUSDT_2025-07-30_10-07-33
Source: ADA/Tradingview

Momentum indicators show short-term weakness, but the macro uptrend from early 2025 remains intact. A successful reclaim of $0.81 could set up a push toward $0.97, while a break below $0.70 risks retesting $0.65.

The post ADA Tests $0.75 Support as Cardano Builds: Treasury Upgrades, Enterprise Reporting, and Scaling Solutions appeared first on ETHNews.

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