Logo
Cardano Ecosystem

Thenewscrypto

08/06/2025

·

63 views


Cardano Could Hit $1.35 Despite Market Dip, Says Analyst

Cardano’s price fell 2.35% to $0.72 today, as the crypto market stumbled. But some analysts remain excited about its future. Analyst predicts Cardano could hit $1.35 soon and even reach $5 in a strong bull...

Cardano Could Hit $1.35 Despite Market Dip, Says Analyst

Cardano’s price fell 2.35% to $0.72 today, as the crypto market stumbled. But some analysts remain excited about its future.

Analyst predicts Cardano could hit $1.35 soon and even reach $5 in a strong bull market. Despite the drop, they see a bullish pattern forming that hints at a big comeback.

Technical Pattern Points to Growth

It is to be falling wedge pattern in Cardano’s price chart, where the price broke out and is now retesting the resistance line as support. 

This is a strong sign for buyers, showing they’re gaining momentum. If the market turns upward, Cardano could surge 101% to $1.35, with $5 as a long-term goal.

However, the odds of a spot Cardano ETF getting SEC approval dropped from 89% to 80%, creating some uncertainty. Still, ADA’s growing DeFi presence, with over $325 million in total value locked, and the Midnight Airdrop increasing its 3.1 million holders keep investors hopeful. 

If the broader crypto market rallies, Cardano’s price could climb, proving the bullish predictions right despite today’s setback.

Highlighted Crypto News Today

Neel Kashkari Backs Two Rate Cuts in 2025 as Fed Signals Economic Shift

Sneha is a crypto enthusiast who loves turning complex crypto news into simple and clear information. She enjoys sharing the latest updates in the crypto world through engaging content that informs and keeps readers interested.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Thenewscrypto

ORIGINAL SOURCE

https://thenewscrypto.com/cardano-could-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Thenewscrypto

See more
Major US Exchange Uphold Highlights Cardano After Hoskinson's Bold Claims
Thenewscrypto
Major US Exchange Uphold Highlights Cardano After Hoskinson's Bold Claims

09/27/2025

·

19 views

Related News

See more
Banner-Tech-Summit-Rio

Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)