What's Behind 17% Cardano (ADA) Price Rally Today? - Coinspeaker
Key NotesTechnical patterns and analyst forecasts suggest Cardano price could hit $1.20 in the short term and potentially climb toward $2.90.Grayscale’s registration of the “Grayscale Cardano Trust ETF” in...
Key Notes
- Technical patterns and analyst forecasts suggest Cardano price could hit $1.20 in the short term and potentially climb toward $2.90.
- Grayscale’s registration of the “Grayscale Cardano Trust ETF” in Delaware with 80% approval chances.
- Long-term holders have been steadily accumulating ADA since 2021 without major distribution.
Cardano’s native cryptocurrency ADA ADA $0.97 24h volatility: 10.0% Market cap: $35.04 B Vol. 24h: $4.63 B has surged by a staggering 17% in the last 24 hours, moving closer to the crucial breakout zone of $1.0. The Cardano price rally today comes with an 88% jump in daily trading volumes, crossing $4.12 billion, hinting at strong bullish sentiment among traders. This trend is observed as long-term holders show strength amid Cardano ETF speculations.
Cardano Price Eyes Breakout Past $1
Cardano price is finally testing he crucial resistance at $1.0, breaking past which could set the stage for another 100% rally, as per market analysts. The latest price pump comes following strong ADA whale accumulation taking place this week.
Following the breakout above $1.0, the next major price level to watch ahead is $1.20. In the latest analysis on the X platform, popular crypto analyst Javon Marks stated that as Cardano price sees a major upward climb, it is likely to reach $1.20 in the near term. The analyst predicts a larger target of $2.90, representing a potential upside of around 200% from current levels.
$ADA CLIMBING MAJORLY!
Sights remain on $1.20+ coming in for Cardano before a continuation towards the larger target at $2.90 which is currently about +200% away… https://t.co/PbMfC6uhsi pic.twitter.com/fcPgUzc9IX
— JAVON⚡️MARKS (@JavonTM1) August 14, 2025
Javon Marks is not the only analyst who sees a major ADA price upside. Another popular analyst, Clifton FX has reported that Cardano (ADA) has confirmed an upside breakout from a bullish flag pattern on the 3-day timeframe. The analysis suggests that ADA could see a significant rally of 100% to 150% in the coming weeks.
$ADA (Update)
Bullish flag Upside breakout has been Confirmed in 3d Timeframe..
Now Expecting Massive 100 – 150% massive bullish Rally in next Coming Weeks📈#ADAUSDT #ADA #Crypto pic.twitter.com/kZJIN2SGIk
— Clifton Fx (@clifton_ideas) August 14, 2025
Spot Cardano ETF In Limelight
Earlier this week on Aug. 12, crypto asset manager Grayscale Investments registered the “Grayscale Cardano Trust ETF” in Delaware, signaling a major step toward launching a spot Cardano ETF.
The filing aligns with Grayscale’s typical approach of creating Delaware trusts ahead of formal applications to the US Securities and Exchange Commission (SEC). The development comes as the SEC reviews NYSE Arca’s 19b-4 filing for a spot Cardano ETF. On the other hand, the Polymarket data shows that there’s an 80% chance for spot Cardano ETF approval by the year-end.
On the other hand, on-chain data shows that long-term Cardano holders are holding their ADA coins firmly. Data from Alpharactal indicates that Cardano (ADA) long-term holders have been steadily accumulating the token since 2021, with no significant signs of distribution. This trend reflects strong confidence in Cardano’s long-term growth and a commitment to holding through market volatility.
ADA Long-term Holders | Source: Alphractel
Degen Meme coin Maxi DOGE Close to $1 Million Raise
Amid the Cardano price rally, degen meme coin Maxi DOGE is grabbing the limelight, as it has approached $1 million in fundraising within a month of launch, making it among the best crypto presales currently in the market.
Maxi Doge is a dog-themed memecoin designed to capture the energy of 2025, building on the popularity of tokens like DOGE DOGE $0.24 24h volatility: 3.5% Market cap: $35.78 B Vol. 24h: $3.99 B , BONK BONK $0.000026 24h volatility: 3.2% Market cap: $2.01 B Vol. 24h: $708.07 M , and SHIB SHIB $0.000014 24h volatility: 2.1% Market cap: $8.00 B Vol. 24h: $356.60 M . Marketed as Doge’s “frustrated but ripped cousin” determined to create generational wealth, Maxi Doge positions itself as a satirical yet competitive take on meme coins.
The token offers utility through staking rewards, access to an exclusive trading group where top alpha hunters earn MAXI, and plans for partnerships in perpetual trading markets. The project’s core premise is simple: if standard dog memes can succeed, a bold, satirical version may have an edge.
Project Details:
- Ticker: MAXI
- Chain: Ethereum
- Token price: $0.000252
- Amount raised: $888, 670
On our website, you can also find information on how to buy Maxi Doge.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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