Cardano (ADA) Eyes $1.20 Short-Term and $4 Long-Term Amid ETF Optimism
Cardano (ADA) is currently experiencing a surge in bullish momentum, with analysts predicting a near-term target of $1.20 and a potential rise to $4 in the coming months. This optimism is driven by a combination of technical indicators, significant whale accumulation, and increasing speculation around the approval of a U.S. ETF for ADA. According to Polymarket, there is an 83% probability of an ADA ETF being approved by October 2025. As of August 2025, the cryptocurrency community is closely watching these developments, which could mark a significant milestone for Cardano's adoption and price trajectory.
Cardano (ADA) Targets $1.20 Short Term as ETF Optimism Grows
Cardano (ADA) is riding a wave of bullish momentum, with analysts identifying breakout patterns that could propel the cryptocurrency to $1.20 in the near term and $4 over the coming months. The Optimism stems from a combination of technical indicators, whale accumulation, and growing speculation around a potential U.S. ETF approval.
Polymarket now assigns an 83% probability to ADA ETF approval by October 2025, aligning closely with Bloomberg's 90% estimate. On-chain data reveals heightened activity among large wallets, with daily trading volume surging 46%. Technical analysts highlight ADA's breach of key resistance levels and the emergence of a 'cup and handle' pattern—a classic precursor to significant upward moves.
Trend Rider, a prominent chartist, notes ADA's weekly chart has entered bullish territory despite some oscillator weakness. The $0.92 resistance level appears vulnerable, with $1.20 serving as the next logical target if Bitcoin maintains its current trajectory. Market participants are increasingly viewing ADA as a standout candidate in the altcoin space, combining strong fundamentals with improving technicals.
Cardano (ADA) Tests Key Support Amid 8.3% Drop as Market Eyes Oversold Bounce
Cardano's ADA token fell sharply to $0.72, marking an 8.27% decline as bearish momentum tested critical support levels. The MOVE appears technically driven rather than fueled by fundamental catalysts, with Binance spot volumes reaching $139.6 million amid the selloff.
Technical indicators paint a nuanced picture—the RSI at 43.89 hovers NEAR neutral territory, suggesting potential for a reversal if oversold conditions materialize. Market participants are watching for a bounce at current levels, which have historically presented buying opportunities in ADA's trading patterns.
Cardano’s Long/Short Ratio Slips — Is a Drop Below $0.70 for ADA on the Horizon?
Cardano (ADA) exhibits mounting bearish pressure as its long/short ratio deteriorates, reflecting heightened selling activity. Traders are increasingly positioning for downside, with $7.54 million in long liquidations exacerbating the negative sentiment. Despite a 12% surge in 24-hour trading volume to $2.54 billion, the market appears vulnerable to further declines.
The cryptocurrency's July rally of nearly 30%—fueled by favorable macro conditions—now faces stern resistance. On-chain metrics and derivatives data suggest the $0.70 support level may soon be tested. Market participants are weighing whether this signals a healthy correction or the beginning of a more sustained downtrend.
Cardano Price Prediction: Oversold Indicators Spark Hopes of a Quick Bounce Toward $0.75
Cardano's ADA is drawing renewed market attention as technical indicators suggest a potential rebound. Analysts observe striking parallels between its current price structure and the 2021 bull cycle, with a key distinction: this cycle exhibits slower, more deliberate consolidation, potentially forming a stronger foundation for future gains.
The cryptocurrency currently hovers above the critical 0.618 Fibonacci retracement level, a historical pivot point that previously preceded significant upward movements. Market watchers anticipate a possible rally toward higher Fibonacci extensions if the pattern holds.
Beyond price action, Cardano's ecosystem growth continues unabated. The network recently surpassed 300,000 smart contracts, signaling robust developer activity and long-term viability. This fundamental strength contrasts with short-term price volatility, presenting a compelling case for patient investors.
