Cardano price (ADA) is rallying with the overall crypto market, climbing 6.8% in the past 24 hours to $0.935, its highest level since mid-August. The move comes as institutional catalysts converge, most notably, the SEC’s approval of Grayscale’s Digital Large Cap Fund that includes ADA alongside Bitcoin, Ethereum, XRP, and Solana.
This regulatory greenlight has injected fresh momentum into ADA, moving its daily trading volume past $2.2 billion (+50%), according to data, with a market cap of $33.5 billion.
Beyond Grayscale, Galaxy Research has flagged that ADA could be among the next wave of tokens to secure a U.S. spot ETF. Thanks to its existing regulated futures trading, Cardano qualifies for expedited review under the SEC’s new fast-track rule. Analysts say this could open Wall Street’s doors to ADA sooner than expected.
Cardano Price Prediction: Retail Analysts Eye $8
Among retail traders, few calls are louder than those from chartist Javon Marks, who argues that the Cardano price may already be in its “most bullish state.”
Marks projects a 432% run, suggesting ADA could climb “well above $5” and even stretch toward $8 this cycle if momentum holds. His chart highlights a breakout pattern echoing ADA’s most explosive rallies of past cycles.
Supporting this outlook, analyst Ali Martinez noted that Cardano’s current price structure closely mirrors its last bull cycle. “If the pattern holds, the bull rally is still in its early stages,” he wrote, pointing to Fibonacci extensions that place ADA above $4.50 in a full expansion phase.
The technical picture reinforces these bullish takes. CryptoQuant data shows ADA closing the day at $0.914, firmly above its 30-, 50-, and 100-day moving averages (all clustered between $0.84–$0.86).
Meanwhile, TradingView indicators flash a “strong buy,” with 15 bullish signals versus a single sell. RSI remains moderate at 60, suggesting ADA still has upside before overbought conditions emerge.
For traders, the immediate resistance is for the Cardano price to break through the resistance at $1.00, which is an important psychological and technical level.
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