Cardano ADA: Surging 16% in 24 Hours with Eyes on $1.50 Resistance

Cardano (ADA) experienced a significant price surge, climbing 16% to $0.98 on August 14, 2025, driven by strong technical indicators and increased market activity. Analysts are optimistic about ADA's potential to break the $1.50 resistance level soon, citing bullish continuation patterns. This rally highlights growing trader confidence and heightened transaction volume, signaling sustained upward momentum for the cryptocurrency.

Cardano’s Price Surges 16% in 24 Hours, Fueling Trader Optimism

Cardano (ADA) surged to $0.98 on August 14, marking a 16% gain within a single trading day. The rally reflects strengthening technical indicators and heightened market activity, with transaction volume supporting the upward momentum.

Analysts highlight the potential for ADA to breach the $1.50 resistance level in the near term. "Current technical setups align with bullish continuation patterns," noted one trader. Market sentiment appears increasingly constructive, though some caution remains amid volatile crypto conditions.

Cardano Price Surges Past $1 Amid 20% Daily Rally, $2 in Sight

Cardano's ADA token has staged a dramatic recovery, vaulting over 20% in 24 hours to reclaim the $1 threshold for the first time in months. The breakout follows prolonged consolidation, with prices climbing steadily since June lows despite broader market volatility.

Technical charts now show ADA testing the $1.17-$1.18 resistance band—a critical juncture that previously capped advances NEAR $0.95. Sustained momentum could propel the token toward $1.43 in the near term, with some analysts eyeing a potential $2.30 target if bullish conditions persist.

The $1 psychological level becomes pivotal. While profit-taking may trigger pullbacks, holding this support could catalyze fresh buying pressure. Market participants are watching whether institutional flows or ecosystem developments can fuel the next leg upward.

Cardano (ADA) Price Surges on Grayscale ETF Speculation

Cardano's ADA token rallied 16% to $0.98, nearing the psychologically significant $1 mark. The surge follows Grayscale's establishment of Delaware trusts for ADA, fueling speculation about a potential spot ETF. This MOVE mirrors Grayscale's historical pattern of creating investment vehicles ahead of regulatory approval.

Technical indicators suggest breakout potential toward $1.50 if resistance at $0.94 is breached. Short liquidations exceeding $832,000 have added buying pressure, while on-chain metrics show limited selling activity with an MVRV Z-score of 0.445.

Market analyst Ali highlights a clear technical setup pointing to the $1.50 target. Grayscale recently ranked Cardano third in its weekly returns report with a 6.3% gain, underscoring growing institutional interest in the asset.

Cardano Price Prediction: Analyst Eyes $1.50 Target Amid ETF Hopes

Cardano surged 16% to $0.98 as technical indicators and institutional interest fuel bullish momentum. Analyst Ali charts a path to $1.50 following a decisive breakout above $0.94 resistance, supported by an inverse head-and-shoulders pattern on daily charts.

Market sentiment strengthens as Grayscale's Delaware trust filings for ADA spark ETF speculation. The RSI at 65 confirms upward momentum without overbought conditions, suggesting room for further gains. Traders monitor the bullish trendline established since late July for continuation signals.