Cardano (ADA) has once again caught the market’s attention, with its price action forming a setup that traders say could ignite the next major move.
After weeks of testing critical levels, ADA is showing signs of building a base that might support a strong rally.
Recent trading has seen ADA hover near $0.80, defending support zones around $0.79 and $0.75 despite broader market weakness. Analysts point to the asset’s descending wedge formation, a pattern that historically precedes breakouts. Cardano briefly pushed past $1.00 earlier in August before pulling back, but the retreat stopped right at Fibonacci retracement levels—an encouraging sign for bulls.
Technical Structure Suggests Room to Run
Momentum indicators also hint at an oversold market, leaving open the possibility of a sharp upside reaction once buyers return. Traders highlight that reclaiming the $0.94 level would be an early confirmation of strength, potentially opening the way toward $1.30 and even $1.80 over the medium term.
The risk remains that if support fails, ADA could revisit lower zones near $0.32, but for now, accumulation by long-term holders and steady consolidation are keeping sentiment tilted bullish.
ETF Optimism Adds Fuel
Adding to the momentum is growing optimism around institutional adoption. Grayscale recently filed an updated S-1 with the U.S. Securities and Exchange Commission (SEC) for a Cardano ETF, raising approval odds close to 90% according to Bloomberg analysts. The product would hold ADA directly in Coinbase custody and track the CoinDesk Cardano Price Index, providing institutions with a regulated path into Cardano without the complications of self-custody.
For many, this represents a major step forward. Just as Bitcoin and Ethereum ETFs unlocked new waves of institutional demand, a Cardano ETF could inject fresh liquidity into ADA markets. The filing is also viewed as a strong vote of confidence in Cardano’s ecosystem, reflecting its growing relevance among top-tier digital assets.
Looking Ahead
With its chart structure pointing to breakout potential and external catalysts aligning, Cardano is positioned at a pivotal point. Whether the next move happens quickly or takes time to develop, both technicals and fundamentals suggest ADA could be gearing up for a more aggressive leg higher in the months ahead.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/cardano-price-prediction-2025-why-analysts-see-more-upside/