Cardano (ADA) Price Looks Poised to Turn Recent Momentum Into Something More Meaningful

Bitcoin and the broader crypto market are showing strong signs of resilience. Total crypto market capitalization has surged past the $3 trillion mark

Crypto market cap reclaims the $3 trillion milestone. Source: TradingView

Bitcoin and the broader crypto market are showing strong signs of resilience. Total crypto market capitalization has surged past the $3 trillion mark, with daily volumes above $86 billion.

This bounce reflects renewed investor confidence, likely fueled by the recent wave of ETF developments and macro tailwinds favoring digital assets.

Amid this upswing, Cardano is quietly picking up attention. In a post shared from TapTool’s Bloomberg ETF analysts now estimate a 75% chance of the SEC approving a Cardano ETF, an upgrade that’s giving ADA bulls something to watch. While the token has lagged behind some rivals in price action, growing institutional interest could offer a fresh tailwind if approval materializes.

Cardano’s ETF approval odds rise to 75%, hinting at growing institutional interest despite recent price lag. Source: TapTools via X

However, even without the ETF, Cardano is making some interesting moves. Its Lace wallet just added Bitcoin support, pulling BTC right into Cardano’s orbit. Crypto analyst JaromirTesar feels this is a smart play that pushes ADA deeper into the cross-chain game, setting it up for more direct competition with Ethereum and Solana.

To that point, Charles Hoskinson describes it as a “powerhouse” step. This move also follows reports of a potential Cardano futures ETF being filed, which could open up even more avenues for institutional investment in the token.

Cardano Eyes Bullish Breakout

As crypto market cap holds strong above $3 trillion, altcoins like Cardano are starting to stir. ADA Cardano Price is currently trading at around $0.6880, showing signs of life after rebounding from a low of $0.5105. The 50-day moving average at $0.6742 has now firmed up as support, keeping bullish hopes alive just beneath a long-standing downtrend.

Crypto analyst Kurdopia points out a possible cup and handle pattern forming on the daily chart, hinting that a breakout above the $0.7250 level could unlock further upside. A close above that zone would set sights on the next major resistance at the 200-day moving average near $0.7662.

Cardano eyes a breakout above $0.73 as a potential cup and handle pattern builds bullish momentum. Source: Kurdopia via X

Momentum looks cautiously promising. ADA’s recent rally cleared its short-term moving averages, and volume spikes on green days suggest buyers are stepping in on dips. The broader trendline from the March high of $1.0275 remains a critical barrier, but with the handle of the pattern tightening, a confirmed move through $0.73 could bring Cardano back into the conversation for a sustained recovery.

Cardano Price Prediction: RSI Signals Set the Stage for What’s Next

With crypto still riding the momentum of its $3 trillion market cap comeback, Cardano’s latest chart action shared by crypto analyst Trade Byte is sparking curiosity. The image above shows ADA’s daily RSI tracking closely with Ethereum’s, both reflecting recent cooling after a heated start to the year.

Cardano’s RSI is mirroring Ethereum’s consolidation phase and hinting at steady growth ahead. Source: Trade Byte via X

Zooming out, the bigger picture holds promise. There are targets of Cardano potentially doubling this cycle, and some long-term predictions even float the idea of $10 by 2029. In the shorter term, sentiment leans toward a slow and steady climb into Q4, with $1 to $2 feeling like a fair target if market conditions play along. The path won’t be perfectly smooth, but ADA’s current RSI setup and the strength of the broader cycle suggest it’s still firmly on track.

Cardano’s Lace Wallet and ETF Prospects Signal a New Chapter

Cardano’s been making some quiet but pretty interesting moves lately. The Lace wallet just added Bitcoin support, pulling BTC right into Cardano’s orbit. Crypto analyst JaromirTesar called it a smart move that pushes ADA deeper into the cross-chain game, aiming to compete more directly with big names like Ethereum and Solana. Charles Hoskinson even described it as a “powerhouse” step. Adding to that, the odds of a Cardano ETF are now rounded up to 75%, which, if it happens, could open the door to a whole new wave of interest. With real utility now intersecting with stronger institutional attention.

Final Thought

Cardano’s roadmap is quietly gaining traction, blending technical resilience with growing real-world utility. Price-wise, ADA is holding above its 50-day moving average near $0.67, a level that’s kept bullish hopes intact for now. The next big test sits just overhead at the $0.73 to $0.76 zone, where a decisive breakout could