Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

bitcoin
Bitcoin (BITCOIN)
$95,011 0.20%
ethereum
Ethereum (ETHEREUM)
$1,786 -2.15%
binancecoin
BNB (BINANCECOIN)
$601.71 0.35%
solana
Solana (SOLANA)
$144.73 -1.51%
ripple
XRP (RIPPLE)
$2.14 -0.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.97%
pepe
Pepe (PEPE)
$0.000008 -1.72%
bonk
Bonk (BONK)
$0.000017 -4.54%
bitcoin
Bitcoin (BITCOIN)
$95,011 0.20%
ethereum
Ethereum (ETHEREUM)
$1,786 -2.15%
binancecoin
BNB (BINANCECOIN)
$601.71 0.35%
solana
Solana (SOLANA)
$144.73 -1.51%
ripple
XRP (RIPPLE)
$2.14 -0.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.97%
pepe
Pepe (PEPE)
$0.000008 -1.72%
bonk
Bonk (BONK)
$0.000017 -4.54%
bitcoin
Bitcoin (BITCOIN)
$95,011 0.20%
ethereum
Ethereum (ETHEREUM)
$1,786 -2.15%
binancecoin
BNB (BINANCECOIN)
$601.71 0.35%
solana
Solana (SOLANA)
$144.73 -1.51%
ripple
XRP (RIPPLE)
$2.14 -0.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.97%
pepe
Pepe (PEPE)
$0.000008 -1.72%
bonk
Bonk (BONK)
$0.000017 -4.54%
bitcoin
Bitcoin (BITCOIN)
$95,011 0.20%
ethereum
Ethereum (ETHEREUM)
$1,786 -2.15%
binancecoin
BNB (BINANCECOIN)
$601.71 0.35%
solana
Solana (SOLANA)
$144.73 -1.51%
ripple
XRP (RIPPLE)
$2.14 -0.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.97%
pepe
Pepe (PEPE)
$0.000008 -1.72%
bonk
Bonk (BONK)
$0.000017 -4.54%
bitcoin
Bitcoin (BITCOIN)
$95,011 0.20%
ethereum
Ethereum (ETHEREUM)
$1,786 -2.15%
binancecoin
BNB (BINANCECOIN)
$601.71 0.35%
solana
Solana (SOLANA)
$144.73 -1.51%
ripple
XRP (RIPPLE)
$2.14 -0.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.97%
pepe
Pepe (PEPE)
$0.000008 -1.72%
bonk
Bonk (BONK)
$0.000017 -4.54%
bitcoin
Bitcoin (BITCOIN)
$95,011 0.20%
ethereum
Ethereum (ETHEREUM)
$1,786 -2.15%
binancecoin
BNB (BINANCECOIN)
$601.71 0.35%
solana
Solana (SOLANA)
$144.73 -1.51%
ripple
XRP (RIPPLE)
$2.14 -0.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.97%
pepe
Pepe (PEPE)
$0.000008 -1.72%
bonk
Bonk (BONK)
$0.000017 -4.54%
bitcoin
Bitcoin (BITCOIN)
$95,011 0.20%
ethereum
Ethereum (ETHEREUM)
$1,786 -2.15%
binancecoin
BNB (BINANCECOIN)
$601.71 0.35%
solana
Solana (SOLANA)
$144.73 -1.51%
ripple
XRP (RIPPLE)
$2.14 -0.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.97%
pepe
Pepe (PEPE)
$0.000008 -1.72%
bonk
Bonk (BONK)
$0.000017 -4.54%
bitcoin
Bitcoin (BITCOIN)
$95,011 0.20%
ethereum
Ethereum (ETHEREUM)
$1,786 -2.15%
binancecoin
BNB (BINANCECOIN)
$601.71 0.35%
solana
Solana (SOLANA)
$144.73 -1.51%
ripple
XRP (RIPPLE)
$2.14 -0.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.97%
pepe
Pepe (PEPE)
$0.000008 -1.72%
bonk
Bonk (BONK)
$0.000017 -4.54%
bitcoin
Bitcoin (BITCOIN)
$95,011 0.20%
ethereum
Ethereum (ETHEREUM)
$1,786 -2.15%
binancecoin
BNB (BINANCECOIN)
$601.71 0.35%
solana
Solana (SOLANA)
$144.73 -1.51%
ripple
XRP (RIPPLE)
$2.14 -0.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.97%
pepe
Pepe (PEPE)
$0.000008 -1.72%
bonk
Bonk (BONK)
$0.000017 -4.54%
bitcoin
Bitcoin (BITCOIN)
$95,011 0.20%
ethereum
Ethereum (ETHEREUM)
$1,786 -2.15%
binancecoin
BNB (BINANCECOIN)
$601.71 0.35%
solana
Solana (SOLANA)
$144.73 -1.51%
ripple
XRP (RIPPLE)
$2.14 -0.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.97%
pepe
Pepe (PEPE)
$0.000008 -1.72%
bonk
Bonk (BONK)
$0.000017 -4.54%
Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
Cardano Price Prediction – ADA Eyes $1 as ETF News Trigger Rebound

Highlights:

  • Cardano price has made a strong rebound after dropping to $0.63
  • Rebound driven by news of a potential Cardano ETF
  • ADA could test $1 if the rally continues

Cardano (ADA) is in the green today, reflecting the ongoing altcoin rebound. At press time, ADA was trading at $0.681, an increase of 4.4% in 24 hours. This confidence has motivated analysts to start making bullish projections for Cardano.

Advertisement

Banner

Crypto Experts Point to a Possible Bull Rally for Cardano Price

Crypto expert CobraVanguard considers that Cardano may never again sink beneath $0.80 due to an important technical pattern. In one of their recent posts on TradingView, he pointed out that ADA is still in a Wedge Pattern.

According to his analysis, a successful breakout from this wedge would keep the asset above $0.80 in the future. He expected that breakout to push ADA high enough to reach the psychologically relevant $1 mark.

Crypto analyst Sebastian has also advised investors not to lose their patience, as he expects Cardano to exhibit a significant mega bounce in the near future. In a recent post on X, he stated that now is the worst time to sell. He explained that market cycles are dictated by irrational investor sentiment. In his opinion, panic sellers are more likely to regret such hasty decisions in a month after the price rebounds as expected.

Another well-known, Ali Martinez, thinks that Cardano’s most critical support zone is between $0.67 and $0.80. If this range holds, ADA’s bullish momentum should remain. Based on his analysis, ADA could retest its all-time high of $3.10 and potentially exceed it during this market cycle.

Increasing Institutional Interest in Cardano and ETF News

Sentiments such as those made by CobraVanguard are not without basis. Recently, the US SEC accepted Grayscale’s application for a Cardano ETF. If this ETF were given the green light, it would allow institutions to buy into ADA, resulting in higher demand and an increase in its price.

The proposed ETF will track the price of ADA through a custom index that tracks its price on leading exchanges, which include Coinbase, Crypto.com, Bitfinex, and Kraken. These exchanges were selected because they offered the most favorable conditions related to compliance with Federal and State laws within the United States.

Those participating in the ETF will not have direct ownership of Cardano tokens. Rather, they will own a share of the trust, which is meant to provide simple and low-cost exposure to ADA’s price movements. This is significant, considering that institutional money is one of the key pillars cryptocurrency investors are betting on for long-term value growth.

Technical Analysis – Cardano Price Makes a Rebound as It Eyes Key Resistance

From the charts, Cardano appears to be rebounding after the sharp correction on February 25. If bulls sustain the momentum built up intraday, the key level to watch would be the $0.741 interday resistance.

Cardano Price Chart
Source: TradingView

A rally through the $0.741 resistance could put Cardano on course to test prices as high as $1 in the short term. On the other hand, if bears take control and push Cardano through the $0.646 support, then prices as low as $0.50 could be hit in the short term.

Recap

Renewed optimism has returned to the crypto community with Cardano’s most recent price movements and the SEC’s acknowledgment of an ETF. Concerns regarding short-term volatility notwithstanding, analysts think ADA has strong long-term prospects.

Provided the key support levels hold and institutional interest increases, Cardano seems poised to achieve new highs during this market cycle. All eyes lie on the SEC and its next decisions since an approved ETF would further boost ADA’s bullish momentum.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Advertisement

Banner

Advertisement

Banner

Advertisement

Banner