Cardano’s (ADA) slight rise has reignited discussions among analysts about the cryptocurrency’s potential appreciation, especially in light of speculation involving possible ETFs focused on the asset. Although the daily recovery was discreet, around 1,6%, taking the price to US$0,5640, market interest seems renewed, with ambitious projections pointing to US$2 in the medium term.
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Despite the recent appreciation, ADA is still down 23% in the last 30 days and down 2% weekly, reflecting a cautious market. Trading volume also fell to US$417 million, a 13% reduction that signals less enthusiasm among investors.
However, the relative strength index (RSI) at 36 indicates that the cryptocurrency is not overbought yet, leaving room for further gains. Furthermore, open interest in ADA futures contracts has increased by 2% over the past 24 hours, suggesting that traders are positioning themselves for further moves.
Bullish predictions for ADA’s price in 2025 continue to gain traction among technical analysts and market influencers. In addition to the analyses already widely discussed, the outlook for appreciation was recently reinforced by Marcas Javon, known for his chart tracking of altcoins.
In a post on social media, Javon Brands highlighted that Cardano, even after a recent rally, still shows consistent technical signs that the upward movement may continue. According to him, the cryptocurrency “still appears to be on track for a significant rally in progress, with a 120%+ rally.” Based on this analysis, he stated, “we continue to target $2+.”
Another analyst who shares this view is Smith (@CryptoSmith0x). He notes that ADA is approaching “critical trendline resistance.” In his assessment, a breakout at this technical point could repeat previous strong upside moves: “Previous breakout = +240%. Similar structure forming now — #breakout could hit $2,60 again. Accumulate as needed.”
$ ISLANDS approaching critical trendline resistance.
Previous breakout = +240%
Similar structure forming now — #breakout could target $2.60 again.
Stack accordingly. pic.twitter.com/KfUFGwwDS1
— Smith (@CryptoSmith0x) June 25, 2025
These projections add to the analysis of Ali Martinez, which pointed to support at US$0,47 as a relevant and already tested base, which reinforces the possibility of stability in the short term.
With support maintained, increased interest in futures contracts and renewed optimism around the possible creation of Cardano-based ETFs, the conviction grows that ADA could seek levels above US$ 2, if technical breakouts are confirmed in the coming weeks.