Predicted Cardano price surge, is it time to buy?

Jakarta, Pintu News – The cryptocurrency market has recently witnessed increased interest in Cardano (ADA), which is predicted to reach a new record high price. Recent analysis shows that Cardano is in the golden Fibonacci zone, which is often a strong indicator for price increases.

Technical Analysis Shows Upside Potential

According to Coinvo market analysts, Cardano’s price is currently within the golden Fibonacci zone, which lies between the 50% and 61.8% levels. This zone, often referred to as the “golden pocket,” is an area where prices tend to retracement due to high buying volumes.

Cardano has been in this zone for almost three days, and if it manages to break out of the zone, a bullish price reversal is expected. Coinvo adds that if Cardano manages to bounce off this zone, the price could reach $0.80. While there is no mention of when exactly the price would reach that target, this increase would mark a 106% rally from Cardano’s current value of $0.69.

Also Read: Pi Network (PI) Token is Ready to Flood! What Happens If the Price Falls Below IDR6,500?

Bullish Predictions from Traders

In addition to the analysis from Coinvo, another trader known as ETF also observed a bullish reversal pattern on Cardano’s chart. The analysis shows that Cardano is maintaining critical support on the descending trendline, which previously served as resistance.

If the Cardano price manages to bounce off this level, a price surge towards the first target of $0.85 is expected. If this resistance can be overcome, the price could be pushed all the way to the $1.25 to $1.35 range. However, keep in mind that analysis from CoinGape emphasizes the importance of Cardano maintaining support at $0.65 in order to continue the bullish trend. If this support is not successfully maintained, there is potential for the price to fall to $0.39.

Institutional Interest Increases in Cardano Staking

Cardano recorded a significant increase in institutional fund flows. According to the latest report from CoinShares, Cardano products have raised $73 million in inflows so far this year. This figure puts Cardano in fifth place after Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), SUI, and Solana (SOL).

This increased interest may continue after the United States Securities and Exchange Commission (SEC) provided regulatory clarity regarding cryptocurrency staking activities, which were declared not subject to securities laws. The Cardano community is now hoping that this regulatory update is enough for Coinbase to remove the warning label on ADAs that were previously considered “suspect securities.”

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With technical analysis showing upside potential and increased institutional interest, Cardano’s future looks bright. Investors and market watchers may want to keep an eye on Cardano’s price movements in the coming weeks, as it could be a good time to invest before the price reaches new peaks.

Also Read: XRP is in Freefall! Is This a Sign of a Big Storm in the Crypto World?

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Cardano Price Enters Golden Fibonacci Zone, Analyst Predicts ATH Imminent. Accessed on June 4, 2025
• Featured Image: Crypto Economy