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.

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.

📈LONG: $ADA CobraVanguard (1D) #ADAUSDT | #ADA | #Cardano

This is not the moment for hesitation—$0.89 is in sight, and $1 is the psychological warfare level where the masses will FOMO pic.twitter.com/blUDEtcUiW

— FUTURE ☀️🔥👑 | Trading & Investment Hub (@ifenna2005) February 13, 2025

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.

I hope you listened! https://t.co/kSiR5tr8s1

— Ali (@ali_charts) February 25, 2025

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.

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.