Cardano Primed for $1.50 Surge as ETF Frenzy Ignites Market Rally

Wall Street's latest shiny toy—crypto ETFs—is sending shockwaves through digital assets, and Cardano's riding the wave. Analysts now see ADA punching past $1.50 as speculative capital floods the market.

When TradFi meets DeFi: The ETF effect

Institutional money's finally playing catch-up, with ADA benefiting from the 'rising tide lifts all boats' mentality. Never mind that most fund managers still can't explain proof-of-stake—liquidity's talking louder than tech fundamentals these days.

The cynical take

Another day, another crypto price prediction. But this time, the suits are buying the narrative—which means the pump might actually stick. Until the next regulatory crackdown, anyway.

The current breakout above $0.86 is far more convincing, backed by a large daily candle and the strongest volume in weeks. cardano price price is now holding above both the 20-day EMA and 50-day SMA , with the short-term EMA trending above the longer-term SMA, reinforcing bullish momentum.

Cardano price prediction

If buyers can sustain this move and turn the $0.86 level into support, the double bottom pattern projects a measured target around $1.21, representing a potential gain of roughly 22% from the current price of $0.99. Clearing the $1.00 psychological barrier on a daily close WOULD further strengthen the bullish outlook. A drop back below $0.86 would be the first sign that the breakout’s momentum is faltering.

Crypto analyst Ali Martinez has set an even higher target of $1.50 for ADA, based on the 12-hour perpetual contract Cardano price chart.

Why is Cardano price surging?

Apart from the technical breakout, cardano price’s bullish momentum is being reinforced by a major fundamental catalyst. On August 12, Grayscale registered the Grayscale Cardano Trust ETF in Delaware alongside the Grayscale Hedera Trust ETF, signaling potential future ETF exposure for both ADA and HBAR. These filings often precede official SEC S-1 applications, suggesting that regulated investment vehicles for these assets could be launched in the near term.

Buoyed by the filing, HBAR is also showing strong bullish momentum and is on the verge of breaking out from its own bullish pattern, as detailed here.