Cardano surged 16% to reach $1.01, its highest since March 2025, driven by a golden cross on its daily chart where the 50-day SMA crossed above the 200-day SMA. However, the rally faced resistance at the $1 mark due to profit-taking and macroeconomic concerns, including a higher-than-expected July PPI increase of 0.9% month-over-month and 3.3% year-over-year. The broader crypto market was also affected, with Bitcoin and Ethereum experiencing declines. Despite the sell-off, Cardano maintained a 4.33% daily gain, trading at $0.923, and recorded a 21% increase over the week.