Cardano ADA price has fallen 20% in the past month, and analysts are looking for a catalyst for a rebound. At the time of writing, the coin’s price is in the $0.64 range, with trading volume declining over the past week. What could cause a rebound in ADA coin if it looks to regain above $0.70? Analysts have pointed to a number of factors, all of which could push Cardano to 2025 highs in the next two months.
Crypto bulls argue that steady progress in throughput and a clean macro environment could pave the way once again if demand holds. Increased spot volume, a solid close above short-term highs, and a series of higher lows could all help ADA recover in value. Additionally, the whale activity surrounding Cardano coins earlier this month could also cause a rally. According to a recent post on Taptools, the ADA whale accumulated approximately 140 million tokens in mid-October.
Furthermore, if the market maintains interest near $0.64, traders would expect conditions to stabilize and compress before any directional movement. Analysts note how liquidity is concentrated near round numbers. This behavior could result in increased activity near well-monitored zones such as $0.64. According to XTrader Ali_Charts, the recent drop to $0.57 led to increased trading volume as investors bought the drop, helping ADA rebound.
On the institutional side, ADA has been added to the ProShares Trust Index ETF. This addition brings ADA into the products that some traditional investors were tracking. If the first Cardano ADA ETF is approved for trading by the US SEC, institutional interest in the coin will further increase and the price will rise further. At the same time, Cardano is working to expand its ecosystem and is keen to explore new services such as Leios and Midnight to gain traction in this space.