The Cardano price has been on the rise, following strong technical performance. Now, the asset now approaches key resistance levels that could unlock higher targets.
This increase is supported by bullish market sentiment, ETF-related news, and growing holder confidence. As momentum builds with renewed demand of traders and investors, the next decisive move on the ADA price chart seems on the horizon.
ADA Price Today and Breakout Levels
At the time of writing, Cardano price today stands at $0.8764, reflecting a steady climb from the 20-day EMA support.
This upward push gained traction after the asset successfully flipped May’s high, now edging toward July’s peak.
Technical tools like MACD, AO, CMF, and even RSI points to a bullish outlook.
Meanwhile, technical traders like Ali Martinez and TheMoonHailey note that a confirmed breakout above July’s high could pave the way for further gains, with projections ranging from $1.50 to $2 in the mid-term.
ETF Application Adds Fuel to the Rally
In intraday the bullish sentiment further accelerated when Grayscale filed for exchange-traded funds (ETFs) tied to Cardano (ADA) and Hedera (HBAR), by registering it in Delaware.
The news injected fresh optimism into the market, helping ADA price USD surge nearly 14% from recent support levels.
For many investors, this development strengthens the Cardano price prediction narrative, as ETFs often attract institutional interest and increase accessibility for retail traders.
ADA Price Chart Shows Strong Holder Conviction
While short-term traders focus on breakout levels, on-chain data reveals an equally significant story.
Most recently, the TapTools reported that more than 15 billion ADA has remained unmoved for over a year, this number is the highest on record so far.
This all-time high in dormant holdings points to a clear long-term bullishness bias among its investors and unwavering trust in Cardano’s potential. This suggests that the ADA/USD price has higher odds to rise in sessions ahead.
