Cardano Ada was on a solid upward trend in May, rising 23% in the last month alone. Analysts currently trading around $0.76 are eager to see their assets rise to $1 for the first time since March 2025. After the crypto market slump through late March and April, the majority of the market is backed up. Most notably, Bitcoin is over $100,000, and its success is leaking to other top cryptocurrencies like the ADA.
Recently, the massive relocation of approximately 70 million ADAs from Coinbase to unknown wallets has led to speculation about the big whale movement. Crypto whales that move around assets often point to potential gatherings, especially when they are accumulated. Whales picking up ADA from Coinbase exchanges at this amount suggest that there is strong investor interest in Altcoin, which could surge before summer.
Meanwhile, the rising ADA RSI suggests a potential pullback in the short term. This could fix the ADA if the ADA immediately surges towards $0.85-$0.90. However, it is expected to be temporary as a positive market environment is driving cryptocurrency to climb this Altcoin season. Therefore, Cardano Ada can get the boost it needs to return more than one dollar.
The Road to $1: What Cardano Ada needs to achieve
As mentioned before, whale activities can be a huge help to raise prices for ADAs to return to $1. The latest whale accumulation is just a start, and its value can skyrocket as more whales begin to plummet through the ADA. Trading volume fell 30% on Friday to $793.54 million, but could make a comeback this weekend. If television rises and whales become involved, it could surge.
Additionally, analysts cite $0.81 as the initial resistance level for the ADA to rise to $1. Crypto analyst Ali Martinez recently posted that Link pressed this mark and must stay comfortably to set $1 as his next target. Martinez is also not the only market observer assuming additional profits on future assets. Earlier this week, one X user watching the market suggested that the ADA could become one of multiple cryptocurrencies that will flourish this year. An analyst named Henry predicted profits of more than $3.