Cardano Price Analysis: ADA’s Path to $1.30 After Q1 Correction
Cardano’s 2024-2025 Performance: 42% Gain and Q1 Pullback
Cardano trades at $0.678
The token closed last year with a remarkable 42% gain – driven predominantly by Q4 performance.
Cardano underwent a 21.5% correction in Q1 2025 but currently holds upside potential.
Trump’s Crypto Reserve Comments: Initial Impact on ADA
Speaking of fundamentals, Cardano, alongside other cryptocurrencies, saw a bull run fueled by US President Trump’s comments regarding the rollout of a cryptocurrency reserve.
To remind, Trump said the stockpile would include Solana, XRP, Cardano and other coins.
While the announcement initially created a buzz for ADA, the respective executive order centered solely on Bitcoin, leaving Cardano unaffected.
Following the news, whales reportedly liquidated 200 mn ADA tokens, but still retain approximately 5.8 bn units.
Grayscale’s Spot ETF Filing: A Potential Catalyst for Growth
A potential catalyst for ADA’s growth is the anticipated approval of Grayscale’s spot ETF.
The firm filed a 19b-4 form to the SEC on February 10, which was accepted on February 24, initiating a review process expected to last up to six months, subject to extensions.
Grayscale’s timing appears strategic, given shifting sentiments within the White House, and it signals the possibility of further spot ETFs emerging in the market.
Technical Analysis: Inside the Bullish Regression Channel
From the TA standpoint, the weekly timeframe for ADAUSD reveals a regression channel with a positive bias, supporting a bullish outlook.
The lower bound, i.e. the support line, rests near $0.55, while resistance is located at $0.81 – the previous high seen in March 2024.
According to our estimate, resistance lies broadly between $0.81 and $0.91.
The current consolidation phase reflects a wait-and-see approach as traders anticipate market-moving news.
Historically, extended periods of consolidation often lead to pronounced breakouts.
Should ADA move to the upside, immediate targets of $1.15 and subsequently $1.30 could come into focus.
