Cardano May 2025 Prediction: ADA Price to Bullish to $1?
Jakarta, Pintu News – The cryptocurrency market is always full of unexpected dynamics, and Cardano is a hot topic among traders despite the current price trend showing a decline.
With its current value hovering below $0.7, many are wondering if Cardano (ADA) will be able to break the $1 mark by May 2025.
Check out the full analysis of Cardano’s price prediction in this article!
Cardano (ADA) Price Prediction in May
Although Cardano (ADA) is currently in a negative zone, technical indicators show significant recovery potential. In the daily chart, Cardano (ADA) was seen breaking out of a falling wedge pattern and forming an inverse head and shoulders pattern, which is a signal of a bullish reversal.
After successfully retesting the upper trend line of the wedge, Cardano’s (ADA) upside momentum could push it towards key resistance levels at $0.81, $1.17, and $1.30. Recent developments such as the approval of the Cardano (ADA) ETF also boosted the positive sentiment around this crypto asset. With this news, many market participants are optimistic about the long-term prospects of Cardano (ADA).
Also read: BANXA gets Pi Network’s blessing to sell Pi Coin worldwide, bullish signal?
Cardano (ADA) ETF: Launching Soon?
Grayscale, the investment giant, has applied for a Cardano (ADA) ETF on the NYSE, and all eyes are on its possible launch. According to Bloomberg analysts Eric Balchunas and James Seyffart, the Cardano (ADA) ETF has a 75% chance of approval.
The growing enthusiasm towards this development has fueled bullish sentiment and investor interest in Cardano (ADA). The possible launch of this ETF is expected to bring more liquidity and institutional exposure to Cardano (ADA), which could be an important catalyst for future price growth.
Read also: Ethereum Price Prediction May 2025: Will May Be ETH’s Glory Month?
Cardano (ADA) Price Prediction: Is a Bullish Trend Rupture Imminent?
With the positive sentiment currently surrounding Cardano (ADA), analysts and traders continue to closely monitor price movements. According to analyst Ali Martinez, Cardano (ADA) is approaching an important test at $0.74, and if it manages to pass this level, the path to $0.88 will be wide open.
On the other hand, market expert STEPH IS CRYPTO gave a more bullish prediction, with a projection that Cardano (ADA) has the potential to reach $5 in the short term. This prediction shows high confidence in Cardano (ADA)’s potential to reach higher values.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Coingape. Cardano Price 2025: Will ADA Cross $1 in May? Accessed on May 5, 2025
- Crypto Times. Cardano Price at Crossroads: $1 Surge or Nosedive in May 2025? Accessed on May 5, 2025
- Featured Image: FxMag
