Cardano Price Prediction – Why ADA Could Soon Test $1 

Highlights:

• Cardano boosted by rising bullish sentiment across the market
• Market optimism triggered by perception that Quantitative Tightening is ending
• Cardano has $1 as the first target if the market turns bullish 

Today, Cardano’s (ADA) price reflects the increasing momentum across the cryptocurrency market. At the time of writing, ADA was trading at $0.73, which reflects a 2.48% increase in the last 24 hours. This price increase indicates renewed attention from investors due to macroeconomic conditions and crypto-specific developments.

Trading volume is one key indicator of increased interest in the asset itself. Cardano is no exception. In the last 24 hours alone, ADA’s trading volume increased by 67% and reached $1.12 billion. Such a drastic volume jump indicates that investors are willing to take positions expecting the prices to go up, which is a good sign for Cardano in the short term.

End of Quantitative Tightening Might Trigger Bull Run

Rising volumes and a general increase in optimism stem from the FOMC meeting yesterday, March 19. Although there aren’t plans for rate cuts, the market read into it that quantitative tightening could soon end. If the Fed starts easing its tightening, there will be more liquidity in the financial markets. This would be helpful for volatile assets, including cryptocurrencies like Cardano.

This was the most bullish FOMC possible…
Holy crap
QT is over in a few months
FED is afraid of a recession
Interest rates coming down in a few months

AND TRUMP IS ANNOUNCING SOMETHING TODAY REGARDING CRYPTO!!!

— Ivan on Tech 🚀 Building Moralis (@IvanOnTech) March 19, 2025

Trump Speech Today Could Send Cardano Price Higher

Another factor increasing speculative enthusiasm for ADA is former President Trump’s much-awaited speech at the Digital Asset Summit today. His comments are bound to be impactful because he is expected to unveil some crypto-focused big-ticket policies. Positive remarks from Trump might propel the demand for ADA at a time when institutional money is increasingly keen on the cryptocurrency market. 

Coinbase Listing Enhances ADA’s Utility–Bullish Signal

Even bigger news for ADA is that Coinbase has announced the listing of Cardano on Coinbase International Exchange. The listing also includes Cardano being enabled as collateral for futures trading on Coinbase Advanced. This increases the utility of ADA and makes it available to an even wider audience of traders, which will likely increase the demand and price of ADA.

Just added: Cardano $ADA and Coinbase Wrapped Staked ETH $cbETH can now be used as collateral for perpetual futures trading on Coinbase International Exchange and Coinbase Advanced. pic.twitter.com/v8XLSklVMg

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) March 19, 2025

Strengthening Dollar Hints at Rising Investor Confidence – Good for ADA 

Some other macroeconomic factors are contributing to the resurgence of ADA. After slumping for weeks, the U.S. dollar index is regaining its strength. A strengthening dollar is often linked to improved sentiment about the US economy. This usually stimulates rallies of ‘risk on’ assets like equities and cryptocurrencies, as investors are drawn to the high-return, high-risk investment potential.

Technical Analysis – Cardano Price Range Bound But Trending Towards Resistance

Cardano is range-bound today, trading between the $0.855 resistance and $0.626 support. This indicates that traders are unsure of where Cardano could be going in the short term. If bulls take control and push the price through the $0.855 resistance, a rally to $1 could follow. 

On the other hand, if bears take control and push Cardano through the $0.626 support, then Cardano could drop to $0.50 in the short term. Of these two scenarios, the odds of a rally to $1 are higher. That’s because the market appears to be turning risk-on, a factor that could see the value of cryptocurrencies like Cardano trend higher in the short term. 

Recap 

Considering factors like a possible end to quantitative tightening, Cardano could be headed for a breakout. Besides, in the last month, Cardano has experienced continuous sell-offs, which gives the impression that it is undervalued at current prices. Due to the favorable trading volumes, positive macroeconomic factors, and big industry events, ADA could soon retest $1.