Cardano ADA: Golden Cross and ETF Hype Fuel Bullish Rally Towards $2.30

Cardano's ADA is currently testing a key resistance level at $0.80, with a bullish golden cross pattern emerging on daily charts. This technical indicator, where the 50-day moving average is poised to cross above the 200-day MA, mirrors a late 2023 setup that preceded a 230% rally. Analysts are optimistic, identifying intermediate targets at $0.88 and $1.25, with some projections even reaching $2.30 if historical patterns repeat. The token's momentum remains strong above critical EMAs, further fueling speculation of a significant upward movement. As of August 2025, the combination of technical signals and growing ETF hype has created a bullish outlook for Cardano's ADA, making it a cryptocurrency to watch closely in the coming months.

Cardano Price Prediction: Golden Cross and ETF Hype Fuel Rally Speculation

Cardano's ADA is testing key resistance at $0.80 as a bullish golden cross pattern emerges on daily charts. The 50-day moving average's impending crossover above the 200-day MA echoes late 2023's setup that preceded a 230% rally.

Technical analysts highlight $0.88 and $1.25 as intermediate targets, with some projections reaching $2.30 if historical patterns repeat. The token maintains momentum above critical EMAs despite broader market fluctuations.

Market participants await confirmation of the breakout above $0.54, which could trigger accelerated buying. The convergence of technical signals and growing ETF speculation creates a potent bullish narrative for ADA.

Cardano Long-Term Holders Maintain Strong ADA Accumulation Despite Market Struggles

Cardano's ADA token remains a steadfast favorite among long-term investors, with accumulation trends dating back to 2021 showing no signs of abating. Blockchain data reveals wallets holding ADA for four years or more continue to add to their positions, undeterred by the token's inability to breach key resistance levels.

While ADA has reclaimed a spot among the top 15 cryptocurrencies by market cap, it lingers just outside the top 10. The token hovered above $0.80 in July—a modest recovery aided by broader market momentum, yet still far from its December 2021 peak of $1.21. This slower rebound contrasts with more volatile altcoins that have seen sharper rallies.

The spring of 2025 marked a new phase of accumulation for these patient holders, suggesting confidence in ADA's long-term prospects. Short-term traders exhibit balanced activity, but the enduring commitment of veteran investors underscores a belief in Cardano's fundamentals over fleeting price action.

Cardano (ADA) Breaks Key Resistance as $71M Upgrade Fuels Rally

Cardano's ADA surged 8.56% to $0.84, decisively breaching the psychologically significant $0.80 resistance level. The breakout follows community approval of a $71 million network upgrade package, signaling robust governance participation and long-term development commitment.

Technical indicators reinforce the bullish momentum, with RSI at 62.08 showing healthy upside potential without overbought conditions. The MACD histogram confirms strengthening buyer conviction as ADA builds on last week's 6.22% advance.

Founder Charles Hoskinson's forthcoming audit of Input Output's ADA holdings adds fundamental support, addressing transparency concerns while demonstrating institutional-grade accountability. Market technicians now eye the $1.30 level as the next logical target should current momentum sustain.