Cardano (ADA) remains under $1, a price some analysts consider an opportunity ahead of major developments that could drive its value higher.
Several catalysts, including the Hydra upgrade, Bitcoin DeFi integration, a potential Cardano ETF, and the Midnight sidechain launch, could boost ADA’s adoption and price. Analysts point to historical market cycles, where similar conditions preceded rallies.
With technical indicators aligning with past bullish trends, ADA’s current consolidation phase may signal the next breakout.
Crypto analyst Mr. Snek (@CryptoKingdom_) called ADA under $1 “an absolute steal,” citing upcoming upgrades that could push the asset toward $5-$10.
Cardano’s layer-2 scaling solution, Hydra, which he mentioned, promises up to one million transactions per second. When implemented, this might greatly enhance network performance and attract more DeFi initiatives and decentralized applications.
Another milestone was the announcement in November 2024 of Cardano’s integration with BitcoinOS. It aimed at leveraging Bitcoin’s $1.3 trillion liquidity pool for DeFi applications. If successful, this integration could have positioned Cardano as a major force in the DeFi market.
Institutional interest may also drive demand, with Grayscale filing for a spot Cardano ETF in February 2025. This could result in substantial funding for ADA if it is accepted. It is also anticipated that user adoption will rise with the impending release of the Midnight sidechain, a privacy-focused solution..
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Cardano’s Market Cycle Resembles Past Bull Runs
Crypto analyst Eilert (@Eilert) analyzed Cardano’s price trends, comparing its current movement to previous market cycles. He noted that ADA is down 47% from its cycle high and has been consolidating for five weeks. This pattern mirrors the last cycle, where ADA saw a 52% correction before rallying 4,000%.
Eilert’s chart highlights key support and resistance levels. The $0.70-$0.85 zone has historically acted as a strong support, potentially setting up another breakout.
Resistance lies between $1.10 and $1.30, with a descending trendline indicating that a breakout above $1.00 could confirm bullish momentum. If ADA follows past trends, this accumulation phase could lead to another strong rally.
Speculation around ADA’s inclusion in the U.S. strategic crypto reserve has also fueled investor optimism. Such a move could position Cardano as a major asset in global financial markets.
Macroeconomic factors could further support ADA’s growth. With central banks expected to implement quantitative easing, liquidity injections into financial markets could benefit cryptocurrencies, including Cardano.
Analysts believe ADA’s strong fundamentals and growing adoption make it well-positioned for capital inflows.
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ADA Price Outlook
At press time, Cardano trades at $0.7225 according to CoinGecko. ADA is down 2.51% in 24 hours and 10.91% over the past week.
Trading volume stands at $1.91 billion, indicating sustained market activity. Traders are looking for indications of a breakout in the $0.85–$1.00 area.
Given that ADA is still following past patterns and that key events are imminent, analysts believe that this consolidation phase may mark a turning point before a possible price spike.
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