Cardano (there) It is one of the most promising cryptocurrencies on today’s market. Assets have earned 69% over the past year and have grown nearly 10% over the past week alone. Analysts are riding on the hope that ADA Coin will continue this climb and eventually reach $1, but the timeline remains mixed predictions.
Cardano’s recent climbs are supported by a wave of liquidation, with a $2.98 million short positions being wiped out from a total of 24 hours of liquidation to a $3.4 million liquidation. Plus, the entire crypto market is riding the wave of Bitcoin as Kingcoin reached a new $113,000 ATH on Thursday. Furthermore, the ADA has gained strong support from institutional investors. With Donald Trump including ADA in Crypto Reserve, the tokens may continue to gain pace.
If this purchase momentum continues, Cardano can quickly test resistance levels near $0.70. Several crypto analysts have speculated that the $1 mark can be retested by the end of July, but that’s a very bullish move. According to FlitPay, the spark that could cause this could be SEC’s approval of Select Spot Ada ETF. “We may see the launch of Cardano ETF this year, as we recognized a variety of applications, including Grayscale’s Spot Cardano ETF and Canary Ada Spot ETF in February 2025,” analysts say. “Once approved, this ETF tracks ADA prices daily based on data from various cryptocurrency exchanges.”
Concodex analysts have made their own forecasts for the ADA over the next two months, taking on the rebound market and other bullish factors. The analyst wrote: “According to current Cardano price forecasts, Cardano price is forecast to rise 25.73%, reaching $0.788964 by August 8, 2025. Technical metrics show that the current emotions are neutral, with fear and greedy indicators showing 71 (greed).” Cincodex’s predictions show that the ADA has not yet reached the $1 mark again until 2026. The assets are looking at $0.97 as resistance level for 2025.
Beyond this year, Cardano’s ADA’s new revised price target shows a 550% price surge with a target of $3.85. Finder’s panel of financial experts predicts that the ADA could reach a $3.85 high in five years. The forecast shows that Cardano could grow 550% by 2030 and bring significant benefits to investors by the end of the decade. If Cardano Ada reaches $3.85 in 2030, it would violate the highest ever reached $3.09, which it reached September 2021.