Cardano Signals 2021-Style Rally with 275M ADA Budget Push

Key Notes

• The 275 million ADA budget proposal passed all 39 constitutional checks.
• Analyst highlights ADA’s current price trajectory similar to the 2021 bull run.
• ADA tests key support after wedge breakout, bullish setup still intact.

Cardano

ADA $0.73

24h volatility: 4.9%

Market cap: $26.35 B

Vol. 24h: $1.64 B

price may be facing short-term volatility, but recent developments suggest a potentially larger bullish structure is forming.

On July 31, the Cardano Foundation confirmed that all 39 Treasury Withdrawal governance actions, representing a cumulative treasury allocation of 275 million ADA, have passed constitutional assessment.

These proposals support infrastructure, research, community growth, and the 2025 Vision. Each proposal was evaluated using the Cardano Constitution and a publicly declared framework, reinforcing transparency and accountability.

Funds are set to be distributed via automated smart contracts. The Cardano Foundation also published a unified rationale explaining the methodology and legal basis behind the verification of each proposal.

Meanwhile, popular analyst Ali Martinez pointed out that ADA’s current chart structure closely resembles its price action before the massive 2021 bull run. According to him, while the current cycle is unfolding more slowly, ADA might be at the start of an “explosive” uptrend.

Ada price pulls back but remains in bullish setup

At the time of writing, ADA is trading near $0.72, down by 8% in the past day amid broader market weakness. However, this retracement might be healthy, as the crypto recently broke above a multi-month falling wedge, known for trend reversals.

ADA daily price chart with falling wedge | Source: Trading View

It is now retesting the breakout level as support. As long as it holds above this level, bullish setup remains intact.

On the daily ADA chart, the price has recently pulled back toward the lower Bollinger Band near $0.70. A bounce here could confirm support and offer upside toward the middle band near $0.80 and the $0.90 resistance level.

ADA daily price chart with RSI and Bollinger Bands | Source: Trading View

The RSI has cooled off from near-overbought levels, indicating a potential reset that could follow a highly-anticipated ADA price rally to $4 if buyers return.

The MACD is currently showing a recent bearish crossover but remains above the zero line. This generally means that the broader trend is still intact unless deeper downsides follow.

ADA daily price chart with MACD | Source: Trading View

Subbd: redefining content subscriptions with ai and web3

While ADA sets eyes on a 2021-style rally, another project, Subbd, is slowly making waves in the crypto space through its presale. Positioned to transform the $85 billion creator economy, Subbd is building a token-powered, AI-integrated platform designed to support both content creators and their audiences.

Built on Web3 foundations, Subbd equips creators with intelligent automation tools that streamline content delivery and monetization. Meanwhile, fans gain access to personalized, immersive experiences tied directly to the creators they support.

Subbd token utility and ongoing presale

Subbd ecosystem’s native token SUBBD enables access to premium content, unlocks AI-powered features, and offers staking benefits for its users.

Token holders who stake SUBBD can participate in exclusive creator livestreams, receive early content releases, and access behind-the-scenes updates directly from their favorite creators.

The ongoing crypto presale has already attracted over $929,000 in funding, with limited time remaining before the token price moves to the next tier.

Presale Details:

• Current Price: $0.05605
• Funds Raised: $929,000+
• Token Ticker: SUBBD
• Blockchain: Ethereum

Notably, the Subbd team is expected to make the next price increase within a few hours. The project is a promising contender for those watching the intersection of artificial intelligence, crypto, and content monetization.

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