{"id":23004,"date":"2025-04-21T13:01:45","date_gmt":"2025-04-21T13:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23004"},"modified":"2025-04-21T13:01:45","modified_gmt":"2025-04-21T13:01:45","slug":"is-cardano-ada-gearing-up-for-a-bull-run-analysts-weigh-in","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23004","title":{"rendered":"Is Cardano (ADA) Gearing up for a Bull Run? (Analysts Weigh in)"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li class=\"\" data-start=\"68\" data-end=\"274\">\n<p class=\"\" data-start=\"70\" data-end=\"274\">Cardano (ADA) surged by 5% in the last 24 hours, with analysts pointing to potential factors that could push the valuation even higher.<\/p>\n<\/li>\n<li class=\"\" data-start=\"276\" data-end=\"478\">\n<p class=\"\" data-start=\"278\" data-end=\"478\">Grayscale\u2019s spot ADA ETF filing is under SEC review, and approval odds have jumped to 61% \u2013 a green light could drive institutional demand and fuel additional price appreciation.<\/p>\n<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA_CB-8.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-393262\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA_CB-8.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA_CB-8.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA_CB-8-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA_CB-8-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA_CB-8-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA_CB-8-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>What\u2019s Next for ADA?<\/h2>\n<p><span data-preserver-spaces=\"true\">The cryptocurrency sector has gone into green territory in the past several hours, with its market capitalization <a href=\"https:\/\/cryptopotato.com\/crypto-markets-add-almost-100-billion-as-bitcoin-jumps-to-3-week-high-market-watch\/\" data-wpel-link=\"internal\">surging<\/a> past $2.85 trillion. Bitcoin (BTC) is up 4% <\/span><span data-preserver-spaces=\"true\">for the day<\/span><span data-preserver-spaces=\"true\">, currently trading at around $87,300, whereas Ethereum (ETH) is well above $1,600.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Cardano (ADA) is also among the notable gainers. It soared by 5% in the past 24 hours, reaching $0.64 (per CoinGecko\u2019s data). Its market cap jumped to roughly $23.2 billion, thus flipping Tron (TRX) to become the ninth-biggest cryptocurrency.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_393261\" aria-describedby=\"caption-attachment-393261\" style=\"width: 583px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA-Price-2.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-393261\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA-Price-2.png\" alt=\"ADA Price\" width=\"583\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA-Price-2.png 840w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA-Price-2-300x206.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA-Price-2-768x527.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/ADA-Price-2-50x34.png 50w\" sizes=\"auto, (max-width: 583px) 100vw, 583px\"><\/a><figcaption id=\"caption-attachment-393261\" class=\"wp-caption-text\">ADA Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Earlier today (April 21), when the asset\u2019s price stood at around $0.62, the popular analyst Ali Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1914107312790536534\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\"> ADA is still consolidating within a specific triangle pattern. He assumed a price escape to the upside could <\/span><span data-preserver-spaces=\"true\">be followed<\/span><span data-preserver-spaces=\"true\"> by a 27% upswing. Several hours later, ADA climbed to <\/span><span data-preserver-spaces=\"true\">the aforementioned<\/span><span data-preserver-spaces=\"true\"> $0.64, and the X user <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1914217792590541031\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">suggested<\/span><\/a><span data-preserver-spaces=\"true\"> that the breakout might have started.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">JAVON MARKS touched upon Cardano\u2019s native token, too. The analyst <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/JavonTM1\/status\/1914100024935592357\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">set<\/span><\/a><span data-preserver-spaces=\"true\"> a breakout target in the $2.70-$2.91 range and argued that a \u201cmajor leg up\u201d towards these peak levels <\/span><span data-preserver-spaces=\"true\">can<\/span><span data-preserver-spaces=\"true\"> be incoming. They based their prediction on the potential formation of a bull flag and the assumption that prices \u201care coming off of key volume.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For their part, Crypto Tony <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoTony__\/status\/1914029298693926968\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">told<\/span><\/a><span data-preserver-spaces=\"true\"> their 520,000 followers on X that they will re-enter ADA\u2019s ecosystem once the valuation surpasses the $0.78 supply zone. However, the analyst opined that reaching that mark \u201clooks <\/span><span data-preserver-spaces=\"true\">pretty<\/span><span data-preserver-spaces=\"true\"> dire for now.\u201d<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">ETF Chances on the Rise<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Earlier this year, the world\u2019s leading digital asset manager, Grayscale, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ada-pumps-14-as-grayscale-files-for-spot-cardano-etf\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">filed<\/span><\/a><span data-preserver-spaces=\"true\"> for a spot Cardano (ADA) exchange-traded fund with the New York Stock Exchange (NYSE). A few weeks later, the US SEC acknowledged the application, marking the beginning of a regulatory review process, after which it should give its final say.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The investment vehicle will allow investors to gain exposure to ADA without <\/span><span data-preserver-spaces=\"true\">having to own or store<\/span><span data-preserver-spaces=\"true\"> the actual crypto.<\/span><span data-preserver-spaces=\"true\"> Thus, it could enable easy access for institutions and retail investors to hop on the bandwagon.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The potential launch of the product could boost ADA\u2019s adoption, increase demand, and positively impact the price. In mid-April, the chances of the ETF seeing the light of day before the end of 2025 dropped to as low as 37%. In the past few days, the possibility has significantly <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/polymarket.com\/event\/cardano-etf-in-2025?tid=1745234014786\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">increased<\/span><\/a><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">the current<\/span><span data-preserver-spaces=\"true\"> 61% (according to Polymarket).<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/is-cardano-ada-gearing-up-for-a-bull-run-analysts-weigh-in\/\" rel=\"nofollow\">Is Cardano (ADA) Gearing up for a Bull Run? (Analysts Weigh in)<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Cardano (ADA) surged by 5% in the last 24 hours, with analysts pointing to potential factors that could push the valuation even higher. Grayscale\u2019s spot ADA ETF filing is under SEC review, and approval odds have jumped to 61% \u2013 a green light could drive institutional demand and fuel additional price appreciation. What\u2019s Next [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23004","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23004"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23004\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}