Cardano (ADA) has surged over 20% in under 24 hours, breaking the $1 resistance level to reach $1.01 before retracing to $0.91. Analysts cite a technical breakout above the $0.95 trendline and highlight growing optimism from Grayscale ETF speculation and whale accumulation, with 15 billion ADA now held long-term. Technical patterns suggest potential rallies toward $1.50-$1.43, with bullish projections eyeing $2 if momentum sustains.
However, analysts caution that overhead resistance and whale distribution risks could stall gains unless buying volume strengthens. Concurrently, Cardano competitor Remittix (RTX) has raised $19.9 million in presale funding at $0.0944 per token, nearing its $20 million trigger for a first CEX listing announcement. RTX gained 20% recently, buoyed by its real-world payment utility and an active 40% token bonus, with a Q3 wallet beta confirmed.
Market observers note ADA's rally could reignite interest in smart-contract platforms, while RTX's infrastructure focus positions it for potential 10x growth. Both projects face critical tests: ADA must consolidate above $1 with confirmed retests, while RTX's valuation hinges on upcoming exchange listings and product delivery.