Cardano News Today: Institutions Back Cardano's $2 ADA Target as Hydra 1.0 Hits 1M TPS

Cardano's native token ADA has drawn renewed attention as analysts anticipate a potential rally toward $2 following the launch of the Hydra 1.0 upgrade. The upgrade, which transitions the network to a production-ready state, introduces features such as partial deposits, API server fixes, and improved transaction throughput. With Hydra 1.0.0 now live, Cardano claims the ability to process over one million transactions per second (TPS), significantly enhancing scalability and reducing gas fees . This technical advancement, coupled with growing institutional interest, has positioned ADA as a focal point for speculative and strategic investments .

Technical analysis highlights a symmetrical triangle consolidation pattern between $0.69 and $0.95, with $0.69 identified as critical support. A confirmed breakout above $0.85 could trigger a bullish trajectory toward $1.05, $1.35, and ultimately $2.00, according to analysts. On-chain data from Santiment and Coinglass indicates increased accumulation by large holders, with whale wallets adding 70 million ADA (worth ~$59 million) in recent days. Meanwhile, retail participation remains subdued, as evidenced by a declining Money Flow Index (MFI) Cardano Could Rally Toward $2 as It Holds $0.69 Support After …^[2].

Institutional adoption is another key driver. Cardano's inclusion in the S&P Digital Markets 50 Index and recent ETF filings by firms like REX Shares and Osprey Funds have bolstered liquidity and credibility Cardano Could Rally Toward $2 as It Holds $0.69 Support After …^[2]. The potential approval of a spot ADA ETF by the SEC in October 2025, with Polymarket estimating an 83% probability, could further catalyze institutional inflows .

However, risks persist. Regulatory delays or rejections could stifle momentum, while competition from Ethereum and Solana remains intense. DeFi activity on Cardano lags behind, with only $332 million in total value locked (TVL) compared to $8.9 billion on competing platforms Cardano Price Prediction: Will the Hydra Upgrade Boost ADA?^[1]. Analysts caution that a breakdown below $0.69 could extend the decline toward $0.57, emphasizing the need for prudent risk management Cardano Could Rally Toward $2 as It Holds $0.69 Support After …^[2].