Cardano Aims for $1.50: Analysts Predict Breakout as ETF Speculation Fuels Market Optimism

Cardano is experiencing a sharp surge today — on August 14, ADA is trading at $0.98, marking a 16% increase over the past 24 hours. The rally is being fueled not only by strong technical signals but also by growing speculation around a potential ETF from Grayscale. Analysts see room for the price to climb to $1.50.

Technical Signals Point to Possible Breakout According to analyst Ali, Cardano is at a key stage, currently testing resistance around $0.94. His model suggests that once this level is broken, ADA could quickly advance to $1.20 and eventually to $1.50.

The trendline has been in a bullish formation since late July, and the daily chart is forming an inverted head-and-shoulders pattern, with $0.94 acting as the critical breakout zone. The RSI indicator stands at 65, confirming strong momentum without signs of overheating. However, if $0.94 fails to break, ADA could consolidate between $0.85 and $0.94. Traders are therefore watching closely for confirmation signals to catch the right entry point.

ETF Speculation Adds Fuel to the Bullish Trend ADA’s recent surge is also being fueled by reports that Grayscale has established Delaware-based trusts for Cardano and HBAR. This mirrors the company’s past strategy — often preparing products before receiving official approval. In the market, this boosts expectations that Cardano could soon be included in a spot ETF. Moreover, Grayscale ranked ADA third in its “Top 10 Crypto Assets by Weekly Returns” list, with a 6.3% gain between July 31 and August 7. Just a week earlier, ADA had been in ninth place.

Outlook: Room for Further Growth The combination of a bullish technical structure, strong momentum, and positive developments from Grayscale creates a favorable environment for Cardano. If ADA holds above key support, investors could see not only a move toward $1.20 but also the long-awaited push to $1.50.

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