Cardano (ADA) recorded an impressive trading week with a 9.9% increase, indicating a clear signal of a recovery trend gradually forming.
Although still within the range of $0.70 to $0.87, ADA has approached the upper resistance level in recent sessions – a positive development that investors are particularly focused on.
According to the latest update, ADA is currently trading around $0.825, marking a significant recovery after a slight adjustment earlier in the day.
The next prospects for ADA continue to be positively assessed. Some experts even predict that this altcoin could soon break the psychological barrier of $1 if the current trend is maintained.
Analysts' forecast: Cardano's price may continue to rise
Dan Gambardello, founder of Crypto Capital Venture, recently shared an optimistic view on the prospects of Cardano (ADA), believing that this cryptocurrency could very well hit $1 soon.
In a humorous statement, Gambardello said: “If I go to sleep, maybe Cardano will hit $1…” — a simple joke that quickly spread within the cryptocurrency community, attracting strong interest from investors.
The statement generated a wave of positive responses, with many expressing agreement that ADA has enough potential to reach this notable milestone. One user commented enthusiastically: “Sleep is temporary, but profits from ADA are forever. However, with the pace of BitcoinOS development, you might want to set an alarm – this network is about to get extremely interesting.”
Another investor called ADA a “severely undervalued coin,” describing it as “the best investment opportunity in the entire current crypto market.”
The widespread optimism reflects the market's growing belief in the recovery and breakout of Cardano. Although Gambardello did not provide specific technical analysis in this sharing, he has long been known for his steadfast belief in the long-term value of ADA — having pointed out several key technical thresholds that this coin needs to surpass on its growth journey.
Long-term holders continue to maintain confidence
While short-term fluctuations often shake the confidence of active traders, long-term investors remain steadfast in their confidence and have a more stable outlook on the market.
According to data from the “holding period balance” chart from IntoTheBlock, the group of investors holding ADA for over a year has seen modest growth of 1.81% in asset amount. Meanwhile, those holding for one to twelve months recorded a more significant increase of up to 7.65%.
This figure indicates that confidence in Cardano's long-term potential remains strong. In contrast, short-term investors — those holding ADA for less than a month — experienced a decline of up to 11.75%.
The above data clearly reflects the negative impact of market volatility on short-term traders, who tend to be easily swayed by small market corrections.
Increased confidence in the possibility of a Cardano ETF launch
One of the factors contributing to the optimistic sentiment towards ADA's price is the growing expectation regarding the possibility of a Cardano ETF launch.
According to data from Polymarket — a decentralized prediction market platform — the probability of a Cardano ETF officially appearing before December 31, 2025, has now surged to 84%. This is a remarkable growth rate, compared to the rate that only fluctuated between 30% to 40% earlier this year, reflecting a strong shift in investor confidence.
Moreover, technical signals are also reinforcing the likelihood of an ETF being approved, while also showing an increasingly clear interest from financial institutions in Cardano.
The reality shows that once the ETF is approved, ADA tends to surge significantly, getting closer to the position of a mainstream investment asset in the portfolios of professional investors.
Overall, market confidence is continuously increasing, combined with a gradually more open legal environment, which is creating a solid foundation for Cardano's long-term bullish prospects.
Analysts expect a strong breakout
Many analysts are closely monitoring the promising growth prospects of Cardano. Among them, Javon Marks — a prominent analyst on platform X — pointed out previous breakout patterns of ADA as signals for the upcoming price surge.
He stated that a strong upward wave may be forming, with the potential to push ADA up to 66%, nearing the $1.30 mark — and possibly surpassing this level.
Marks also suggested that this is just the beginning of a large-scale bullish cycle, with a target that could reach $2.90 in the coming months — equivalent to a spectacular growth of 261%.
Although these forecasts remain speculative, it cannot be denied that Cardano is gradually proving its value through increasing adoption.
Additionally, expectations for the ETF and positive technical signals are contributing to increased market confidence, providing momentum for ADA's upward trend.