Cardano Price Analysis – ADA Could Soon Rally to $2 Despite Intraday Correction

Highlights:

• Cardano sharply rejected at $1 resistance after a rally earlier in the day
• Rejection driven by a correction across the market
• Overall, Cardano’s momentum is up as institutional demand grows 

Cardano (ADA) is currently experiencing strong intraday volatility. Earlier in the day, Cardano pushed through $1 for the first time in over 5 months. However, the broader market has experienced alongside the stock markets in the last few hours. This has seen Cardano drop from $1 to its current price of $0.91. Nonetheless, the percentage change for the day is still in positive territory, up by 4%. It is a pointer to the strong rally that Cardano had experienced before the hourly correction. 

Cardano’s Rising Trading Volumes Point to Growing Demand

Alongside the day’s price pump, Cardano trading volumes are also up strongly in the day. In the last 24 hours, Cardano trading volumes have shot up by 110% to stand at $5.3 billion. This volume surge is a pointer to the rising bullish momentum around Cardano at the moment. It means that as Cardano retests $1 for the first time in months, investors are coming in, expecting even bigger gains going into the future. The rising positive sentiment is anchored on solid factors, all of which are likely to see Cardano rally to prices as high as $2 in the short term. 

Cardano Forms Golden Cross Signaling to Incoming Bull Run

One of these factors is the fact that market analysts are increasingly bullish on Cardano. On social media spaces such as X, technical analysts agree that Cardano has formed a golden cross for the first time in months, with the 50-day moving average crossing the 200-day moving average from below. One analyst has observed that the last time such a golden cross happened was in December 2024.

What followed this pattern was that Cardano rallied by over 200% in under a month. Such analysis is likely to drive FOMO into Cardano as investors expect a similar price rally to play out. With Cardano currently trading way below its last all-time highs, and still under a dollar, excitement around the golden cross is likely to keep the price momentum overall up despite the intraday price correction.

Cardano Golden Cross!

Last time the 50-day MA crossed above the 200-day MA, ADA pumped 230%!

A similar move gives us a $3.00 ADA in 27 days!

You aren't bullish enough 🚀 pic.twitter.com/6DUV43aFuM

— Deezy (@deezy_BTC) August 13, 2025

Institutional Investors Buy Millions of Dollars Worth of Cardano

Cardano is also set to benefit from the growing whale attention that it is getting at the moment. Data shows that in the last couple of days, institutional money has bought about $157 million worth of ADA. This whale activity has triggered excitement that institutional money is flowing. Retail money is starting to follow as well, looking to ride the institutional wave. This confluence of institutional and retail money could push Cardano higher in the short term.

BREAKING NEWS:

CARDANO WHALES LOAD UP ADA FOR A POSSIBLE BLASTOFF 🤯🤯@coinbureau says in just 48 hours, massive $ADA holders have accumulated 200M ADA worth $157M, pushing whale control to 10.3% of total supply.

Is $ADA about to go parabolic? pic.twitter.com/Y2WXLKerzB

— Mintern (@MinswapIntern) August 14, 2025

Possible Approval of Cardano Could Help Sustain Upside Momentum

Further fueling the excitement around institutional money is speculation that a Cardano ETF could be approved soon. Cryptocurrency market analysts are in consensus that there is a 75 – 85% chance that a Cardano ETF will be approved this year. Confidence in this happening has been fueled by news that Grayscale has filed for an ADA ETF. Given that ETFs tend to open up the way for institutional money, investors are likely to keep betting on ADA in anticipation of one being approved.

Bloomberg analysts estimate a 75% chance the Cardano $ADA ETF will be approved. pic.twitter.com/6Gtqg67wkF

— Cardanians (CRDN) (@Cardanians_io) August 8, 2025

Technical Analysis – Cardano Bulls Falter After 2-Day Rally

Cardano has been in a bull rally since August 12, pushing from $0.768 to today, August 14, when it hit a high of $1.01. However, a sharp market correction has seen Cardano head lower, with $1 now a major resistance level. If bears remain in control, Cardano could drop to the August 12 support at $0.76.

However, if bulls regain momentum, the key level to watch would be $1 resistance. A rally through this price level could trigger a rally to prices as high as $2 short term. With chatter around a possible Cardano ETF, the odds of bulls regaining control are pretty high.