Will Cardano Price Reclaim $1? Analyst Predicts Bounce From Key Support

Market analyst “CobraVanguard” has indicated that Cardano price is positioned for a potential rebound to $1, citing historical price action and technical indicators.

The analyst’s assessment is based on the four-hour chart. It suggests that the $0.85 to $0.90 price range has consistently served as a strong support level in recent weeks.

After dropping by over 10% from a high of $0.96 to a low of $0.86, ADA has begun recovering. It was trading near $0.96 again at the time of writing.

According to the analysis, the token’s price action suggests that a bounce toward the psychologically important $1 level remains likely.

A sustained push past this level could indicate a broader recovery for Cardano ADA, provided market conditions remain favorable.

However, ADA would require increased trading volume to confirm a break beyond its current resistance.

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Leveraged ETF Filings Add Potential Catalyst for ADA

The possibility of new leveraged exchange-traded funds (ETFs) for ADA could introduce additional volatility and liquidity into the market.

On January 27, asset management firm Tuttle Capital submitted filings to launch leveraged ETFs for ten cryptocurrencies, including Cardano’s ADA.

These products, if approved, could attract both institutional and retail traders looking for exposure to ADA’s price movements with amplified risk and reward.

Leveraged ETFs normally work through having higher returns through derivatives. Hence they are more suitable for day traders rather than position traders.

If these filings are approved by the relevant authorities, they may lead to high levels of expectation and thus greater volatility in trading especially in Cardano price in the coming months.

Analyst Suggests Cardano Price Is Entering a Bull Market

Peter Brandt, a trader, has recently claimed that Cardano’s ADA may well be in what he terms ‘a grand bull market.’

He based this observation on the idea that the token has recently emerged from a multi-year double-bottom formation. This structure is known for starting long-term upward moves.

The double-bottom formation shows two clear low points followed by a breach above a particular resistance level. It is likely to indicate a shift from bear territory to bull.

If this formation materializes as depicted, ADA stands a good chance of registering steady and consistent gains beyond the short-term targets.

However, many factors such as the overall market sentiment, macroeconomic factors, as well as factors specific to the wider crypto market are key in sustaining an extended bullish run.

Market Conditions and Economic Factors

While technical aspects of Cardano (ADA) and institutional interest continue to evolve, the crucial deploying factor lies more in the sphere of market trends.

A moderate movement has been observed in the cryptocurrency market as a result of speculative shifts in the past week.

Some of the recent changes affecting the markets and causing their unpredictability include the financial advancements in China concerning DeepSeek.

There is anticipation regarding economical events as well, such as the decisions concerning interest rates in US and European Union to influence liquidity.

What this means is that if the economic policies are bullish towards risky assets, then ADA and the entire crypto market may experience further demand.

On the other hand, any further aggression of the central banks may mean more fluctuations and additional downward pressure.

At present, Cardano ADA is trading at $0.9319, reflecting a 7.73% decline over the past seven days.

While it remains below its recent high of $1.01, the asset has recovered from its intraday low of approximately $0.87, showing resilience.

Investors are closely watching whether ADA can sustain its momentum and reclaim the $1 resistance level.