Ethereum News Today: Cardano ADA Gains Bullish Momentum With $1.93 Price Target Looming

Generated by AI AgentCoin World
Sunday, Aug 17, 2025 3:53 am ET1min read
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Aime RobotAime Summary

- Cardano (ADA) analysts project $1.93 as a key price target following a $1.48 breakout, with $1.15 as immediate resistance.

- Retail investors are increasingly favoring ADA over Ethereum, viewing it as undervalued amid renewed altcoin market strength.

- Analysts highlight growing retail participation and strong technical indicators positioning ADA for potential parabolic gains.

- Market focus is shifting toward legacy altcoins like ADA as Bitcoin and Ethereum lead a broader crypto recovery phase.

The

Cardano
(ADA) price narrative is gaining increasing traction as analysts and traders highlight its potential in the current bullish altseason phase. With
ADA
currently priced at $0.95, several analysts have identified $1.93 as the next major price target, following a projected breakout at $1.48 [1]. These price forecasts come as the broader cryptocurrency market continues to rally, with
Bitcoin
(BTC) and
Ethereum
(ETH) leading the way in a recovery phase [1].

The current bull cycle appears to be setting the stage for legacy altcoins to reclaim and surpass their previous all-time highs (ATHs). While newer altcoins like

SUI
, FET, and ONDO have already set new ATHs, many legacy altcoins—including ADA—are showing strong bullish momentum. Analysts are optimistic that ADA, along with Ethereum,
XRP
, and others, could see a similar parabolic move in the coming months [1].

Crypto analyst and YouTuber VirtualBacon, who has over 780,000 subscribers, has emphasized that retail investors are returning to the market, with a particular focus on ADA. He notes that many investors remember Dogecoin’s rise and are beginning to view ADA as undervalued in comparison to Ethereum. This sentiment could drive further buying pressure and price appreciation [1].

In a recent tweet, crypto analyst @crypto_banter, known as Sheldon, confirmed his bullish stance on ADA, stating that he is accumulating the asset during dips and has set $1.93 as a key target for a potential breakout [1]. This target price is viewed as a critical level that could trigger a broader market rally for Cardano, especially if the asset successfully breaks through its immediate resistance level of $1.15 [1].

The broader altcoin market is also showing signs of strength, with traders and analysts increasingly shifting focus from Bitcoin and Ethereum to promising altcoin price charts. As the altseason progresses, ADA is positioned as one of the most anticipated assets for a potential price surge. With growing retail interest, strong technical indicators, and a favorable market environment, the conditions appear to be aligning for Cardano to capture significant attention in the coming months [1].

Source: [1] ADA Targets $1.93 as Next Major Trend Pump (https://cryptonewsland.com/ada-targets-1-93-as-next-major-trend/)