Cardano ADA: How It Can Climb 30% to $1
Cardano ADA has been on a solid uptrend in May, climbing 23% in the last month alone. Currently trading around $0.76, analysts are awaiting the asset’s climb to $1 for the first time since March 2025. After a...
Cardano ADA has been on a solid uptrend in May, climbing 23% in the last month alone. Currently trading around $0.76, analysts are awaiting the asset’s climb to $1 for the first time since March 2025. After a crypto market downturn in late March and into April, the majority of the market is picking back up. Most notably, Bitcoin is back above $100,000, and that success is leaking into other top cryptocurrencies like ADA.
Recently, a massive transfer of almost 70 million ADA from Coinbase to an unknown wallet raised speculations about a big whale move. Crypto whales making moves around an asset often point towards a potential rally, especially if they are accumulations. The whale picking up ADA from the Coinbase exchange in this amount suggests that there is strong investor interest in the altcoin that could send it surging before the Summer.
On the other hand, the rising ADA RSI hints at a potential pullback in the short term. This could bring a correction for ADA if it surges towards the $0.85-$0.90 soon. However, that is only expected to be temporary, as the positive market environment is fueling cryptocurrencies to climb this altcoin season. Cardano ADA could thus get the boost it needs to return above $1.
The Road to $1: What Cardano ADA Needs to Accomplish
As mentioned previously, in order for ADA to climb back to $1, whale activity would be a big help to raise the price. If the latest whale accumulation is just the start and more whales begin swooping up ADA, its value could skyrocket. Trading volume fell 30% on Friday to $793.54M, however, it could pick back up over this weekend. If TV rises and whales play a part in that, a surge could be imminent.
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Furthermore, analysts are citing $0.81 as the first resistance level to breach for ADA to climb towards $1. Crypto analyst Ali Martinez recently posted that LINK must hit this mark and stay comfortably above it to set up $1 as the next target. Martinez isn’t the only market observer envisioning additional gains for the asset in the future, either. Earlier this week, one X user who watches the market suggested that ADA could be one of multiple cryptocurrencies to flourish this year. The analyst, named Henry, projected gains as high as $3, which is just shy of ADA’s present ATH of $3.10.
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