Cardano Price Prediction: ADA Can Reclaim $1 Only If…
Key Insights:
- If Cardano stays above the $0.5 – $0.6 zone, the altcoin could regain its bullish trend but failure could spell more bearish movement.
- Cardano traders are betting more on shorts that longs.
- Grayscale accumulating more Cardano increasing the chances of an ADA ETF from 20% to 70%.
Cardano (ADA) price prediction showed potential to trend higher only if it held above the key zone at $0.50 zone amid rising ETF probability.
Cardano Price Prediction
Cardano price stabilized at $0.6949 following its recovery of the essential support level ranging between $0.5712 and $0.6.
In history this pivot zone served as an essential point of change so ADA could potentially push through to reach the resistance between $1.20 and $1.32.
MACD indicator generated bullish signals as its MACD line rose to 0.0090 above signal line -0.0039 while the histogram created positive bars reaching 0.0129.
A steady upward price movement towards $1.20–$1.32 would likely occur if ADA maintained a position above $0.6 throughout the following months.
ADA could initiate a major price increase beyond its current blue resistance zone that spans between $1.20–$1.32.
The bears may take control if ADA fails to stay above $0.6 and push price to test the support level at $0.5712 followed by a drop toward $0.40.
Short-term momentum seems bullish right now yet ADA needs to overcome significant resistance at $1.20-$1.32 if general market conditions deteriorate.
Short-term indicator watchers would need to analyze the MACD trend because this analysis determines whether support could persist during this recovery phase.
Liquidation Heatmap
The ADA/USDT liquidation heatmap on Bitget showed intense accumulation of liquidated positions located at $0.665 and $0.74.
The densest collection of liquidations formed an area between $0.665 and $0.68 while the majority of traders conducting liquidations operated in the range of $0.715 and $0.743.
A significant number of short position traders localized between $0.695 and the current market price shown at $0.695.
ADA possesses the potential to rise toward the $0.715–$0.743 price range because this area triggers short liquidations.
The observed heavy short trader positions pointed to a price movement in the same direction according to the chart.
A rising bearish momentum would trigger a market descent towards dense liquidity clusters at $0.665 thus executing long trader position liquidations.
ADA price fluctuations will likely stay volatile since the price levels show clustering between $0.665 and $0.743.
A price rise over $0.715 will accelerate market growth but failure to hold $0.68 support could steer market sentiment negative.
The market movements of ADA need close monitoring by traders who want to predict its upcoming major price shift.
Potential ADA ETF
The move by Grayscale Investments to increase its buying of Cardano tokens raised the chances of an ADA ETF to 70% according to Polymarket data compared to the initial 20%.
The prediction market demonstrates increasing investor belief in institutional Cardano adoption by tracking the volume of $204,858.
Cardano’s new development has led to elevated positive market perception, which concurrently fosters price stability together with increased institutional participation in the near future.
The future success of an ETF launching Cardano would strengthen its position in traditional finance while potentially boosting ADA market capitalization and attracting more users.
Persistent regulatory obstacles and market price fluctuations could present hurdles for the company.
Cardano’s future ecosystem development will draw a crucial test from the upcoming months to verify this positive outlook’s real transformation into practical expansion.
