TLDR
- Cardano is trading at $0.98 after a 16 percent surge in the past 24 hours.
- Analyst Ali predicts a breakout to $1.50 if Cardano clears resistance at $0.94.
- The daily chart shows an inverse head and shoulders pattern supporting a bullish outlook.
- The RSI is near 65, indicating strong momentum without overbought conditions.
- Grayscale has created Delaware trusts for ADA and HBAR increasing ETF speculation.
Cardano traded at $0.98 on August 14 after gaining 16% in the past 24 hours. The Cardano price prediction shows strong bullish sentiment as technical indicators and market triggers support further growth. Analysts forecast an extension toward $1.50 if key resistance levels are breached.
Cardano Price Set for Strong Breakout Move
Market analyst Ali stated that Cardano is in a breakout phase with a target of $1.50. He noted ADA moving toward mid-range resistance near $0.94 within a wide channel. This movement signals the possibility of additional gains once the resistance is cleared.
Cardano $ADA is on the verge of a breakout to $1.50! pic.twitter.com/k1AzNfKeaw
— Ali (@ali_charts) August 13, 2025
The Cardano price prediction points to momentum building after the $0.94 breakout level is crossed. Ali’s chart shows a rapid climb toward $1.20 before reaching the $1.50 mark. Traders view the ongoing structure as a continuation of a bullish trendline since late July.
Furthermore, the daily chart reveals an inverse head-and-shoulders formation, with $0.94 as the neckline. A break above this level could open the path to $1.20. The RSI at 65 indicates strong momentum without immediate overbought risk.
- ADA:USDT 1-Day Chart (Source- TradingView
Technical Structure Supports Bullish Momentum
The Cardano price prediction gains strength from its bullish technical pattern. The inverse head-and-shoulders formation signals a potential upward continuation. The neckline breakout remains the critical trigger for higher levels.
If Cardano fails to clear $0.94, consolidation between $0.85 and $0.94 is likely. This would delay the expected rally. However, sustained strength above key support zones could maintain investor confidence.
The RSI trend suggests buying pressure is building without extreme conditions. This supports the likelihood of a breakout rather than a reversal. Thus, technical momentum remains aligned with bullish targets.
ETF Speculation Adds to Optimism
Grayscale’s recent actions have fueled ETF speculation around Cardano. The company created Delaware trusts for ADA and HBAR, a move often preceding product launches. This aligns with its history of market positioning before regulatory approvals.
The Cardano price prediction benefits from potential ETF inclusion, which could attract more investors and liquidity. Grayscale ranked Cardano third in its “Top 10 Crypto Assets by Weekly Returns” with a 6.3% increase. This followed a previous week ranking of ninth, marking a notable rebound.
Regulatory developments could turn ETF speculation into reality, further boosting ADA’s market outlook. Combined with bullish technical patterns, these factors create conditions for sustained upward momentum. If the current price holds above support, a rally toward $1.50 remains possible.
