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Jakarta, Pintu News – In the latest development in the crypto market, analyst Trent Rider revealed that the price of Cardano (ADA) has entered a bullish zone on the weekly chart. By surpassing the daily resistance level, Cardano (ADA) is now trading above it.
Although the oscillator line is showing a slight negative, analysts advise holders to remain patient given Bitcoin’s (BTC) continued positive trend. This momentum is expected to bring investors looking for short-term gains to take profits around $1.20.
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Crypto Smith, a leading analyst, used a chart from TradingView to show a classic “cup and handle” formation on the price of Cardano (ADA). According to him, Cardano whales have completed their accumulation phase and the token is currently testing the breakout point around $0.92.
If this breakout holds, Smith predicts that the price of Cardano (ADA) could surge beyond $4. This is supported by increasing speculation surrounding the approval of the Cardano ETF, which continues to drive positive sentiment in the market.
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Finance Bull, another analyst, is also very bullish on Cardano (ADA). In a post on X, he described this altcoin as one of the “biggest hidden gains in crypto right now.”
The analyst emphasized the utility of the Cardano network and stated that a price increase above $3 is not just a dream, but a magnet that will attract more investors. As positive news continues to emerge, market expectations for Cardano are increasing.
Read also: Is Listing on Binance a Disaster for Pi Network (PI)?
Prediction platform Polymarket recently increased the odds of Cardano ETF approval for 2025 to 83%. Analysts from Bloomberg even estimated the chances at 90%, referring to the latest update from the SEC regarding crypto products.
If the Cardano ETF is approved, it will open up new institutional fund flows into the market, which could strengthen the bullish narrative surrounding Cardano’s price. With the SEC’s final decision deadline of October 2025 approaching, the crypto community will continue to monitor this development closely.
With various analyses and predictions pointing towards Cardano’s (ADA) price increase, as well as the growing chances of ETF approval, Cardano’s future looks very bright. Charles Hoskinson, founder of Cardano, has even stated that the growth potential of ADA could reach 100x or even 1,000x. This shows a strong belief in the project and technology developed by Cardano.
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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.
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