Cardano Price Jumped 42%: What’s Driving ADA and What’s Next?

Cardano price pulled off a huge 42% climb in a week, hitting $1.02 before easing to $0.99 as of March 5, 2025.

During a time of extreme price volatility with the ADA army buzzing over a U.S. crypto reserve and ETF filings. Trading desks are humming too, with volume spiking hard.

Cardano News: U.S. Crypto Reserve Lights the Fuse

President Donald Trump dropped a hint on Truth Social, March 2, 2025—Cardano’s joining the U.S. Strategic Crypto Reserve with Bitcoin, Ether, and XRP. Boom—ADA shot up 60% in a day, as reported by The Coin Republic.

Some in the crypto world cheer the nod to ADA, thinking it’ll pull in big money. Others, Bitcoin maximalists, scratch their heads—why altcoins, not just Bitcoin?

Then there’s the ETF angle. Grayscale got the ball rolling February 10, 2025, filing with NYSE Arca for a Cardano ETF—SEC acknowledged it on February 24, 2025.

Polymarket’s betting odds for a 2025 Cardano ETF jumped from 55% to 65%.

Wall Street’s sniffing around, but Grayscale’s waiting on SEC green light—due August 2025, per news reports.

Cardano Price Analysis

Trading has increased—ADA’s 24-hour volume hit $10 billion at one point, up 1,700%, then settled at $5.52 billion, a 7.43% bump, perCoinMarketCap data. That’s a lot of action, showing traders are all over this. But it’s a two-way street—price dipped to $0.96 after that $1.02 peak, hinting things could swing either way fast.

Coinglass spots $2.7 million in shorts at $0.696 and $24.59 million in longs at $0.62—could mean a bounce if it holds. Glassnode’s X post says investors trimmed their cost from $3,500 to $3,200, with $2.8K as a wall to watch.

Cardano’s network stats add context. DeFi Llama’s March 5, 2025,figures show a TVL of $415 million—decent, but not dazzling—while stablecoins lag at $21.9 million.

That’s a stark split, suggesting Cardano’s more about locked-in staking than stablecoin play. It’s a lean setup compared to flashier chains, but it’s holding its own as ADA dances around $1.

What Next for ADA Price?

Cardano price is locked in a battle around the $1 mark, with its ecosystem showing modest but telling signs of life.

The 42% run to $1.02 came fast—U.S. reserve chatter and ETF filings lit the spark. Now at $0.96, it’s testing the waters. If that reserve and ETFs bring in serious cash, it’s got legs.

Data from DeFi Llama pegs Cardano’s Total Value Locked at $415 million as of March 5, 2025, dwarfing its stablecoin balance of just $21.9 million.

That gap hints at a network leaning more on staking than stablecoin reliance—a quiet strength amid the storm. Yesterday, ADA slipped below a key $0.83 support zone but clawed back above it by day’s end thanks to a late surge from U.S. investors.

Today, though, bears have yanked it back down, leaving traders watching to see if this rally’s got legs or if it’s running out of steam.