ADA Price Could Hit $2.90 as ETF Approval Odds Surge in 2025
- Why Is Cardano (ADA) Gaining Momentum Again?
- Technical Analysis: Is History Repeating Itself for ADA?
- How Politics Could Fast-Track a Cardano ETF
- Long-Term Outlook: Beyond the $2.90 Target
- FAQ: Your Burning Cardano Questions Answered
Cardano (ADA) is making waves again in the crypto market, with analysts predicting a potential surge to $2.90 amid growing institutional interest and a favorable political climate. Technical patterns reminiscent of past bull runs and renewed Optimism around a spot ETF approval are fueling this rally. Let’s dive into why ADA is back on investors’ radars and whether it’s still a smart buy in 2025.
Why Is Cardano (ADA) Gaining Momentum Again?
Cardano’s ADA isn’t just riding the broader crypto wave—it’s carving its own path. The token has rallied over 58% this month alone, breaking key resistance levels and catching the eye of traders and institutions alike. One major catalyst? A pro-crypto executive order signed by former U.S. President Donald Trump, which has reignited hopes for regulatory clarity and ETF approvals. According to Polymarket data, the odds of a Cardano spot ETF getting the green light have jumped from 59% to 71% in recent days. That’s a big deal for a project often overshadowed by ethereum and Solana.
Technical Analysis: Is History Repeating Itself for ADA?
Javon Marks, a prominent crypto analyst, points out that ADA is mirroring a bullish "descending wedge" pattern—the same setup that preceded its explosive rallies in 2023 (when it soared from $0.33 to $1.24 in weeks) and late 2024. This time, the breakout could propel ADA toward $1.20 initially, with a stretch target of $2.90—a 261% upside from current levels. "The fractal repetition is uncanny," Marks notes. "ADA’s chart is practically screaming ‘buy’ if you’ve seen this movie before."
How Politics Could Fast-Track a Cardano ETF
Trump’s executive order isn’t just symbolic—it explicitly pushes for crypto inclusion in retirement plans like 401(k)s, a move that’s forced the SEC to soften its stance. The agency recently clarified that staking (a core feature of Cardano’s proof-of-stake model) isn’t inherently illegal, removing a major roadblock for ADA-based financial products. "The political winds have shifted," says a BTCC market strategist. "A cardano ETF in 2025 isn’t just possible; it’s probable."
Long-Term Outlook: Beyond the $2.90 Target
While the technicals and ETF HYPE dominate short-term chatter, Cardano’s fundamentals are equally compelling. Its eco-friendly consensus mechanism and focus on decentralized finance (DeFi) solutions position it well for the next market cycle. Some analysts, like those at CoinMarketCap, argue ADA could eventually challenge $5 if DeFi adoption accelerates and regulatory clouds clear further. That said, always DYOR—this isn’t financial advice, just my two satoshis after covering crypto for years.
FAQ: Your Burning Cardano Questions Answered
What’s driving ADA’s price surge in 2025?
A mix of technical breakout patterns, pro-crypto U.S. policies, and speculation around a potential spot ETF.
Is Cardano a good investment now?
While past performance (like its 2023–2024 rallies) suggests upside potential, crypto remains volatile. Consider your risk tolerance.
When might a Cardano ETF launch?
Polymarket traders peg 2025 as the likely year, with approval odds currently at 71%.
