Price Analysis
  • Yash Jain
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    Yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision.

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    Cardano Price Targets 130% Gains as ETF Buzz & Holder Confidence Rises

    Story Highlights
    • Cardano nears key resistance as bullish sentiment, ETF news, and record-long holder conviction drive ADA toward $1.50–$2 targets.

    • Grayscale’s ADA ETF filing sparks a 14% surge, with over 15B ADA held for 1+ years showing strong investor confidence.

    The Cardano price has been on the rise, following strong technical performance. Now, the asset now approaches key resistance levels that could unlock higher targets. 

    This increase is supported by bullish market sentiment, ETF-related news, and growing holder confidence. As momentum builds with renewed demand of traders and investors, the next decisive move on the ADA price chart seems on the horizon.

    ADA Price Today and Breakout Levels

    At the time of writing, Cardano price today stands at $0.8764, reflecting a steady climb from the 20-day EMA support. 

    This upward push gained traction after the asset successfully flipped May’s high, now edging toward July’s peak. 

    Cardano Price Targets 130% Gains as ETF Buzz & Holder Confidence Rises

    Technical tools like MACD, AO, CMF, and even RSI points to a bullish outlook. 

    Meanwhile, technical traders like Ali Martinez and TheMoonHailey note that a confirmed breakout above July’s high could pave the way for further gains, with projections ranging from $1.50 to $2 in the mid-term.

    ETF Application Adds Fuel to the Rally

    In intraday the bullish sentiment further accelerated when Grayscale filed for exchange-traded funds (ETFs) tied to Cardano (ADA) and Hedera (HBAR), by registering it in Delaware. 

    The news injected fresh optimism into the market, helping ADA price USD surge nearly 14% from recent support levels. 

    For many investors, this development strengthens the Cardano price prediction narrative, as ETFs often attract institutional interest and increase accessibility for retail traders.

    ADA Price Chart Shows Strong Holder Conviction

    While short-term traders focus on breakout levels, on-chain data reveals an equally significant story. 

    Most recently, the TapTools reported that more than 15 billion ADA has remained unmoved for over a year, this number is the highest on record so far. 

    This all-time high in dormant holdings points to a clear long-term bullishness bias among its investors and unwavering trust in Cardano’s potential. This suggests that the ADA/USD price has higher odds to rise in sessions ahead.

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    FAQs

    Why is Cardano (ADA) price up today?

    ADA surged 14% on Grayscale’s ETF filing news, with technical breakout potential at $0.88 resistance as RSI/MACD turn bullish and dormant supply hits record 15B ADA.

    What are ADA’s price targets after this rally?

    Analysts project $1.50-$2 (130% gains) if ADA breaks July’s peak, fueled by ETF speculation and strongest-ever holder conviction shown by on-chain data.

    Why are ADA holders not selling?

    A record 15B ADA hasn’t moved in 1+ years (per TapTools), showing unprecedented long-term confidence in Cardano’s ecosystem growth and DeFi potential.

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