Cardano Price Prediction – ADA Could Rally to $1 If ETF Hype Gains Traction

Highlights:

• Cardano is range-bound but is pushing towards the $0.822 resistance intra-day
• A rally through the $0.822 resistance could trigger a rally to $1 soon
• Excitement around a possible Cardano ETF could trigger breakout to $1

Cardano (ADA) is in the spotlight today as one of the few cryptocurrencies that are positively moving. As of the time of writing, ADA was up 2.41% and was trading at $0.795. Cardano’s trading volumes are also on the rise, rallying by an impressive 52% to reach $695 million. This increase in volume suggests that investors may be returning to Cardano despite the recent price correction.

Grayscale Looks to Establish Cardano ETF

The surge in price correlates with the increasing rumours regarding a possible Cardano exchange-traded fund (ETF). Grayscale, one of the largest crypto asset managers, put in an application to the US Securities and Exchange Commission (SEC) to list a Cardano ETF on NYSE last week. If this application is approved, it will become the first-ever U.S. ETF specifically for ADA.

The future is here!👑 Grayscale files for a Cardano $ADA ETF and the golden era begins with Cardano!🚀🔥
#CardanoADA pic.twitter.com/PV5mGFRDg7

— The King Tigers 👑 (@TheKingTigerz) February 11, 2025

ADA Is Still Trailing it’s All-Time High

Despite the intra-day rebound, ADA’s price action hasn’t been enough to undo the losses in the recent correction. With its all-time high resting over $3, ADA remains about 74% underwater. The short-term momentum gained through ETF speculation isn’t nearly strong enough to make headway toward the long-term resistance levels that exist.

More Institutional Interest Could Push Cardano Price Higher

That said, the future looks bright for Cardano. Grayscale’s push for an ETF tied to Cardano makes it readily available to institutional money. Grayscale currently manages multiple investment products focusing on cryptocurrency. A Cardano ETF would allow a multitude of non-tech savvy investors to gain exposure to ADA without the need to purchase or store the cryptocurrency directly. This would create greater liquidity and potentially enhance institutional usage of the Cardano network.

There are still quite a few obstacles, chief among those being regulatory ones. The SEC has previously deemed ADA security in their litigation with Coinbase, and that stance is certainly not helpful in the process of approving an ETF. The Cardano community has opposed that classification due to ADA being a decentralized asset instead of a security.

Cardano Foundation Welcomes ETF Filing

Despite such obstacles, the Cardano Foundation views the ETF filing as a step forward in the growing institutional interest in ADA’s blockchain infrastructure. The foundation cites Cardano’s scalability, security, and decentralization as the main factors for institutional confidence in the project.

Our commitment to Cardano is built on clear principles.

These values guide how we participate in governance and support the ecosystem’s growth. pic.twitter.com/CZAqMFcSqz

— Cardano Foundation (@Cardano_CF) February 14, 2025

Technical Analysis – Cardano Price Range-Bound Could Be Headed for Breakout

Cardano is in the green today, outperforming most of the market. However, despite being in the green today, Cardano is still range-bound intra-day. Cardano is currently trading between the $0.822 resistance and $0.763 support.

In the event that bulls take control and push the price through the $0.822 resistance, then a rally to $1 could follow in the short term. On the flip side, if the ETF hype fails to push the price higher, the $0.763 support would come into focus. In such a case, ADA could drop to around $0.50 in the short term.

With the potential for a Cardano ETF on the horizon, the odds are high that ADA will remain in the investor spotlight in the short term. However, for any major price moves to happen, the broader market needs to start doing well. With lots of positive news coming out around Bitcoin, Cardano’s prospects are quite strong in the short term to medium term.