Cardano Price To Hit $1.35 If ADA Breaks This Crucial Support, Analyst Predicts

Rupam Roy
February 18, 2025 Updated July 2, 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Cardano Price To Hit $1.35 If ADA Breaks This Crucial Support, Analyst Predicts

Highlights

  • Cardano price dropped 3% today erasing its robust weekly gains.
  • Despite that, a top expert predicted a potential ADA price rally to $1.35 if it breaks a crucial resistance level.
  • The current institutional adoption trends also hints towards a shifting market focus towards the top altcoins.

Cardano Price To Hit $1.35 If ADA Breaks This Crucial Support, Analyst Predicts

Cardano price has recorded a sharp decline today, falling below the key support of the $0.8 mark. While this recent drop has sparked discussions in the market, a flurry of experts remained optimistic about the future trajectory of the coin, given the recent positive market trends. Notably, a renowned expert has recently highlighted key price levels that ADA must breach to hit the $1.35 mark.

Advertisement
Advertisement

Cardano Price Breakout: Key Levels To Watch

Although Cardano price has recorded a slump today, wiping off its weekly gains, analysts remain optimistic about the long-term trajectory of the coin. For instance, renowned crypto analyst Rose Premium Signals recently highlighted ADA’s price action, emphasizing the need for a breakout above crucial resistance levels.

The analyst pointed to a potential falling wedge breakout, indicating a shift from the current downtrend to a bullish reversal. According to the expert, ADA must surpass $0.9837 for a confirmed uptrend. If this happens, the token could surge toward its next price targets of $1.1619 and $1.3529.

Meanwhile, this prediction aligns with the broader sentiment that ADA could see significant upside momentum if buyers regain control. However, failure to hold above resistance could lead to further downside pressure.

Cardano price analysis
Source: Rose Premium Signals, X
Advertisement
Advertisement

Institutional Interest & ETF Speculations Fuel Sentiment

A major factor supporting the potential rally of Cardano price is growing institutional interest. Cardano has attracted considerable capital inflows, indicating strong confidence from big investors. A recent CoinShares report revealed that ADA recorded $1.9 million in inflows last week, with a total of $4.4 million added over the past month.

In contrast, Bitcoin and Ethereum both saw massive outflows of $430 million and $7.2 million, respectively. This shift in institutional money suggests that investors are diversifying into other altcoins like XRP, Solana, Cardano, and others, further strengthening its bullish case. Considering these bullish market events, a recent ADA price analysis hints at a potential rally to $7 for the crypto.

Simultaneously, speculations about a potential Cardano ETF have intensified. Last week, Grayscale filed for ADA ETF with the NYSE, sparking discussions about a possible regulatory nod for an ADA-based exchange-traded fund. If approved, this could significantly boost ADA’s adoption and price momentum.

Advertisement
Advertisement

What’s Next For Cardano Price?

ADA price today was down nearly 3%, and hands were exchanged at $0.7719 after touching a 24-hour high of $0.8269. The crypto’s one-day trading volume went up 37% to $935.33 million and its Relative Strength Index was at 42, indicating more steam left for the crypto ahead.

Cardano (ADA) Price
Cardano (ADA) Price

However, Cardano Futures Open Interest mirrors its current performance and was down 3% to $726.71 million. Besides, a recent ADA price prediction showed that the crypto could consolidate between the $0.8352123 and $0.8568596 range for the next few weeks.

Meanwhile, it’s worth noting that despite the broader crypto market having shown mixed trends, ADA remains one of the few altcoins witnessing sustained investor interest. The next few trading sessions will be crucial in determining whether Cardano price can reclaim key resistance levels and set its sights on the $1.35 target.

For now, ADA traders should closely monitor the $0.9837 resistance. If Cardano successfully holds above this level, it could trigger a strong rally. However, failure to do so may result in further consolidation or declines.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.