Cardano Ada Cryptocurrency has risen 25% last week as Crypto Market is riding a bullish wave. With Bitcoin (BTC) over $119,000, many top cryptocoins are climbing value, and the ADA is the latest. Cardano’s trading volume has already risen by more than 90% in the last 24 hours, with many traders moving their assets this week. As a result of the past week of climbing, many ADA analysts have been hiking price forecasts and considering targets of $4, $8, or even $12.
In fact, ADA price forecasters have cited key patterns on Cardano’s price charts, indicating that bullish momentum continues. Analysts say that in early July, a short-term golden cross was formed between the 20- and 50-day index moving averages (EMA). As a result, ADA prices are approaching a more influential long-term golden cross. Additionally, the Coin’s 50-day EMA prepares for more than the 200-day EMA. This type of pattern usually supports a tendency to satiety.
According to Crypto analyst Dan Gambardello, a Cardano supporter, the ADA could set the stage for an explosive climb. In a recent post on X, he explained that under certain conditions, ETF approval from a major asset manager (AUM), Bitcoin has reached $250,000, Cardano’s market has reached 4.5%, and all checks can be filled. The ADA price could reach $12.86.
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Furthermore, current sentiment across the crypto market is spurring a surge in ADA prices. Analysts now predict that ADA ETF spot will approve 75% odds in 2025 after ProShares’ XRP ETF approval. According to Concodex, Cardano is focusing on its new price target of $0.90 by the end of July. Tokens could surge by August 2025, reaching $1. That timeline accelerates and can further support bullish price predictions that analysts are drawing if the ADA reaches $1 before the end of July.
At the time of pressing, the ADA is trading for $0.90. The 56% rise over the past month is one of the top 30 winners in the crypto market as a whole.