Cardano price has been gaining attention recently as the cryptocurrency market experiences a recovery. The ADA price is currently hovering above the $0.77 support level, showing a bullish trend. The ongoing increase in the market indicates future upward movement in the forthcoming days. Following this current trend, the token may surpass the $1 level by the end of this week.
The cryptocurrency has achieved a 10% price surge during the past seven days as its daily marketplace activity exceeded $1.03 billion. The top altcoin experienced a 14.46% increase during this period, according to market data, as the entire crypto market grew by 1.73%. The Cardano price reached a brief $1 value mark this month, and experts predict another upcoming rise toward that price point.
Can Cardano Price Hit $1 This Week?
The price of Cardano enhanced its value from $0.69 to $0.77 as the crypto market experienced general improvement. Bitcoin (BTC) maintains its position above $88,000, and the ETH price continues to keep above the $2,000 level.
The bullish market conditions among major cryptocurrencies create possible conditions for ADA to climb towards the $1 price level. Solana (SOL) alongside Dogecoin (DOGE) have joined the upward trend which strengthens the entire market sentiment.
Investment interest in Cardano price has increased because speculators anticipate an upcoming Exchange-Traded Fund (ETF). The Polymarketcap data shows a 64% possibility for an ADA exchange-traded fund to emerge thus boosting market confidence. This may fuel the surge in ADA price.
Cardano price gained global exposure as BingX included it in its platform, which serves more than 10 million users worldwide. The new listing creates opportunities for higher trading volume while attracting more people to adopt it.
JUST IN: BingX has officially listed Cardano $ADA, bringing exposure to its 10 million users worldwide. pic.twitter.com/ozwaqdxxnl
— TapTools (@TapTools) March 25, 2025
Charles Hoskinson continues to lead high-profile events by moderating the recent panel discussion between Donald Trump Jr. The recent market moves indicate that Cardano stands ready for greater awareness and an increased magnitude of expansion.
Whales Accumulate 240 Million ADA
The recent whale trading activities show a strong influence on the ADA price movement. Through acquisitions during the previous week, they purchased an extensive amount of 240 million ADA tokens.
The rising ADA purchase volume indicates growing market demand, which might result in price appreciation. Large holders who continue accumulating Cardano assets show potential for raising prices as market responses occur. The current market situation indicates that prices may likely rise in the upcoming period.
Cardano Price Analysis
The ADA price has shown substantial upward growth throughout the recent period. The leading cryptocurrency, trading at $0.7690, exceeded its 24-hour value by a minor 5%.
A continuous upward trend exists for the Moving Average Convergence Divergence (MACD) line. MACD values confirm bullish momentum as the histogram contains green bars, which indicate positive changes in ADA market movement.
The Relative Strength Index (RSI) has reached 65, indicating that ADA tokens are moving towards the overbought range.
If the bearish trend gets back in the market, the Cardano price could see a decrease to $0.7 level, and below.
Source: TradingView
If ADA succeeds in surpassing the $0.8 level, it can potentially rise to $1 while enhancing its bullish market outlook.
The post Here’s Why Cardano Price Could Reach $1 This Week appeared first on CoinGape.
